Achieving her short term savings goal
This school holiday, instead of saving the money in the bank, we allowed Noelle to buy something which she really want! And it is roller skates! Initially, she aimed for the inline skate which cost RM79. She managed to save in ringgit notes a total of RM81 (she has many more coins which she didn’t calculate). But at the end, she chose the roller skate which cost RM69 (and it can be turned into inline skate if she mastered this).
With this, we hope she learns
– delay gratification (instead of getting anything she wants at any point of time)
– setting short term goals
– appreciate what she gets from her own savings