Saturday, August 27, 2022

Never Ending Money + Kids

Concept of "Never ending #Money"!


In discussions with kids of today, few interesting insights came across about money. The thing most run after in life -

1. Getting Money is very Easy.
2. And its unending!

How? When i asked kids-

1. We just have to go to ATM, insert card and get money. We can get as many times we want, Papa/Mummy does the same!😂

Another kid showing greater wisdom said...no no -

2. Even, going to ATM is also not needed. Its through UPI in mobile. Just scan the code anywhere and you can buy anything! 😅

And when asked about -
why you need so many pens at one go?
why throw the pen away if it runs out?
Why not use a refill?

The answers was -
3. What is a refill?😭
4. Order from Amazon it will come by tomorrow!

With such definitions, I felt we need to bring in offline money and teach them value of money. One of the perils of using online money is weakening of mathematical skills. You dont need to subtract on how much money, the shopkeeper should return!!

My takeaway with small kids immersion as parent -

1. Get kids do the offline transaction at say self serve food counters where they need to order with real notes & bring back receipt and change.
2. Get them to manage a monthly budget for thier own stuff and do reconciliation at end of month.
3. Use refills and ration the pens per usage.
4. When something runs out, send them to offline shop to purchase the single pen/eraser needed to teach them value of 'physical effort' to get things.

Being part of Tech/ecommerce industry, i know its quite contrary to what we do - bringing convenience with doorstep delivery. 

But kids need to understand that the delivery wale bhaiya is replacing your effort to acquire things...and they should do the same to understand life! 

#insights #parenting #life #ecommerce

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