
We started paying him 3 quarters a day for doing all of the things on his chart. Some of these things were chores and some were things like "listen to adults", "be respectful to others", and "do something nice for someone". When he got his stickers at the end of the day, he got his quarters. If he didn't manage to get all of his stickers, he still got quarters, but not all three. We talked about giving and saving and what those things meant in relation to spending. He REALLY responded to it! We still have the jars and we still use them in full force, but we no longer have a sticker chart. Now it's quite random. Today I paid him to help me haul old paint cans up from the basement and load them into the jeep to dispose of. Sometimes I will randomly give him some "spend" money when he does something unexpectedly kind for someone. We take our give money to church and recently he contributed the entirety to a "purchase a wheelchair for a kid" mission during our church's VBS.
On his birthday in April this year, Ethan got 2 checks from his grandparents. Money is awesome to receive for your birthday, but I wondered if he understood how much money $25 (x2 checks!!) was. I went to the bank and instead of just putting the $$ in his savings and giving him a little bit to spend, I cashed them both in one dollar denominations. Then I laid them out in front of him so he could see how many dollars were from each grandparent. :) He was surprised!!
and felt very rich!!!.............
Then we counted out a little to spend and put the rest in his savings. It was a great lesson!

A couple of days ago, Ethan wanted to set up a lemonade stand. I helped him make the Lemonade and I only had HUGE red cups, so he asked for $1 per large cup. He was out there for about 2 hours. He learned about service and patience and the exchange that buying and selling is. :)


Plus...he was REALLY CUTE! :) He made $9 in 2 hours and only $2 of that came from me and dad. :) I thank the 7 random people who stopped by and bought a cup of lemonade from my son to teach him a valuable lesson we all remember learning as kids in some fashion or another. Except the guy who asked if my 5 year old had change for a $20 at his lemonade stand....who does that? :) We made it work anyway and I spotted him his $1 and he DID come back and re-pay it, so I guess that gets him some points. :) Ah....learning the value of money......



