Parents Teach Kids Value Of Money By Charging Them For Snacks

Teaching kids the value of money is one very important lesson. It teaches them responsibility and gives them an insight into how the world around them works. One couple has come up with a genius way of showing their kids how to work for what they want by using Monopoly money. Would you try this with your kids?

Taking to Facebook, parents D.L. Peavy and Erica Peavy, who have three children, describe how their money system works.

“I stopped giving my kids actual money, it’s important that they learn the value of currency,” they explained. “It works… They clean their rooms and they get paid. Every area of the house is worth money. “We made everything $500 bucks. We don’t give our kids junk food regularly so they are working extra hard.”

So the kids earn $500 of Monopoly money by doing chores and helping around the house which then gives them the ability to ‘buy’ snacks for themselves.

The response by fellow parents has been super positive with many saying they’re keen to try this with their own children. In fact the post has been so popular it’s been shared a crazy 236,000 times, with 17,000 comments and counting. 

“I think this is crazy enough to work,” wrote one parent.

Added another, “We’re doing this but with healthier snacks.”

There were some parents however who felt uncomfortable by charging their kids for food to eat.

“My child will never have to work for snacks while he lives with me,” said one mum, who said she’d tweak it. “I’d swap it out for books and toys.”

One woman hilariously tagged her own mother and wrote, “Remember you did this to us except we had to pay rent and bills.”

While the best comment goes to this parent who knew her kids would find a loophole in the system: “My kids would make fake credit cards, max them out and then file for bankruptcy.”

Hahaha!

Images: Facebook