My once lovely kind child has recently turned into a nightmare! I found a book in her school bag which she admitted to having stolen from a stall at a fair and I've had to take all her pocket money off her and hide her savings as a punishment. She can't seem to stop spending money whenever she has it - books/pens/hair clips - and she has tons of stuff - she's actually thoroughly spoilt. My husband and I have tried all sorts of punishments - taking things away, stopping her from going to a party - you name it/we've tried it - and today she's come home having spent £5 on a book from her school book fair when I had told her that she wasn't allowed to buy anything and had deliberately hidden her money so she couldn't take it to school. Apparently she found the hiding place, "stole" the money from my hiding place and "couldn't resist" the book - I'm at my wits end. She says she's sorry and she doesn't know why she keeps spending but I feel she does not understand the value of anything. She's not a bad child and she's had a wonderful childhood (so far) - I gave up work to look after her and her sister and I just don't think she could need or want for anything. We all adore her but I feel we've somehow failed as parents. Sorry for the ramble but i'm so worried about her and just don't know what to do for the best.