Thursday, June 28, 2007

Money Interview with My Kid



I seriously love the idea which Tricia from Blogging Away Debt had: She interviewed her now-5-years-old son twice in the period of about six months to see what he had to say about money.

I could absolutely relate to that interview, as our daughter is about the same age as Tricia's son. I figured it'd be fun to ask the same questions of my kid, and maybe throw a few on the end for good measure. Here's how it went down:

How old are you?

Four.

Do you like money?

[nods head] Yes. Because that way we can have food.

What do you like about money?

We can buy stuff with it.

How much money do you have?

Let me go get my piggy ... [Leaves room; returns with piggy bank.]

How much money do you think that is?

I don't know. It's so much. [Runs to Mommy.] Mommy, can I have some more money for my piggy?

How much money do Mommy and Daddy have?

A lot. [Runs to Mommy again.] Mommy, now can I please have some money?

How much money is there in the world?

A lot.

How do you get money?

You have to spend your money and give it to people, and then they give you some money back. [Putting Mommy's money in her piggy.] I have lots of money, huh?

What is a bank?

Something you put money in.

If you had $100, what would you do with it?

Buy something with it. Buy something that was that much.

How much money would you like?

Twenty-eight.

How much do you think a can of Coke costs?

A lot.

Which costs more: a can of Coke, or a sheet of My Little Pony stickers?

Stickers. [She's right; the stickers in question were $1.99.]

What's the difference between when you buy stuff with the paper money, and when Mommy and Daddy buy stuff with the cards?

I don't know. It's kind of hard to explain.

What's your favorite place to spend money?

Starbucks. [I really think she means Barnes & Noble, as she tends to get the two entities mixed up. Which makes sense, as there's a Starbucks inside the B&N we usually visit.]

If you could buy any one thing you wanted right now, what would it be?

A zebra toy.

** ** **


So there you have it. Like Tricia, I think I'll revisit these questions in six months to a year, and see how the answers change. The Kid Mind is certainly a wonderful and fascinating thing . . ..

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— Posted by Michael @ 10:29 AM








5 Comments:
 

I loved the interview! :)

 

What a fun post to read! It really made for a bright spot in the day. My oldest is two years old. I wonder what he thinks about money?

Also, thank you for the kind words about my blog. It really means a lot. Would it be okay with you if I were to quote you in some promotional material?

 

Starbucks! LOL. That cracked me up. I'm sure you're right about her meaning B&N, as that can be confusing to a child. I also liked her interest in getting more money in her piggy bank. :)

 

Fun interview! My oldest is two years old too and I don't think he's quite ready for this, but I'm definitely doing this with him when he's a little older. Thanks for sharing!

 

Cool!

Laughing at Starbucks, at least she knows what's going on

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Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


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Start (2005-12): ~$21,900
Currently: $0
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100%

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