I'm a bit late to this but my DD, 13.5, has no concept of sana savings or value. She has been taught it, had her first savings account from birth and then another as she got older which she had some say in. Then I got her a Go Henry account, yet it means nothing to her
She gets £50 a month out of her child maintenance from the Donor. I'd hoped she would save some from this, but no she chose an iPhone costing £43 a month. I was going to say no to it but I thought "actually, you do that - then seen how far £7 a month gets you". It has worked because I put the £7 in her account, no more.
Weekly, she gets £5 on a Friday. This is for "scran" (
) aka sugar laden crap from the shops. She has to do the dishes a few times a week minimum to get this.
She occasionally wants something excesskce- acrylic nails or a fancy, branded, top. On those occasions she has to do extra around the house to help me pure, stuff that I wouldn't normally expect her to do - clean her young brother's room for example.
Yet she still has no concept of how money works. It drives me crazy.
She wanted Kickers for school. £60. She's stopped growing )I think) so I'm ok with that because her last pair did last a long time and Clarke shoes were £45 when I looked (quite happy to buy supermarket but cab trekking back for a new pair every month - which is what happened when she outgrew her last pair of Kickers)
So, I've bought her the Kickers and she says "can I have that SuperDry bag?" Fuck no, are you taking the piss girl!?! I explained that she can't have the shoes and the bag and why, I was "so unreasonable"
she soon shut up when I told her the Kickers were being returned and she could chose a pairq from Primark (we shop there too - but heaven forbid she have Primarni school shoes!)
I'm on a low income but get a decent amount of child maintenance and I will go without if it means my kids can have what their friends have.
However, I also say "No" more than I say "yes" I just wish DD would learn about how earning and saving money works, I'm trying so hard yet she isn't taking it on board!