“She was very excited about money getting accumulated in her piggy bank. Once she asked me to buy some pencils, I asked her to withdraw money from her piggy bank. Then she realised that it’s a two-way traffic. Money will come into the piggy bank, but goes out depending upon what she wants. I don’t believe in cutting corners for all kinds of expenses. When it comes to health such as paediatrician’s visit or medicines, I always spend. But a pencil or even a toy is a short term pleasure for my daughter. She grows out of it in 2 weeks, and expect new replacements. I don’t want to encourage that behaviour,” he adds.
“I have stopped buying arbitrary gifts now. I only buy toys during her birthdays. In that manner I keep a tab on my expenses as well her temptations,” he says. “I even ask my daughter to buy some biscuits from the neighbourhood store or give money to the laundry boy, so she understands that she has to spend the money for consumption or service.”
Pawan Sirohi, Web Designer
“My 7-year-old son asked for a bicycle. I told him that he would get his gift only if he saved Rs 100 per month from his pocket money. I don’t need that money to buy his bicycle. But he should understand that gifts don’t just walk in when he wants,” says Mr Sirohi.
“He waited for more than a year and won his bicycle. I am not against spending money on my child or on his demands, but he is growing and he should understand the concept of utility and value. Today it will be a bicycle, tomorrow a bike and then a car. There is no harm in these demands unless he realises that he needs it and hence should work towards buying it.”
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