Consumer lesson for the kids

After two years of not buying anything physically (the kids), time to teach them some consumer lesson, I.e. being street smart. Noelle has got money from her savings from school allowance. She decides to take RM10 out while papa gave both Norrah and Nikki RM10 respectively (since they both are not given allowance).

We brought them to Eco Shop and also Mr DIY (at Citta Mall, since it is an open mall), where they can buy anything they want within their budget.

Both Nikki and Norrah bought 4 items each at Eco Shop leaving them left RM1.20 each. Noelle was able to resist more; she only bought two items, leaving her more money for Mr DIY.

On our way to Mr DIY, there was this claw machine which attracted them. It was RM1 per game. It means Nikki and Norrah can only play once if they wanted to while Noelle has more play. But if they choose to play, they might not have any money left for Mr DIY. Noelle was intelligent to suggest we go to Mr DIY first.

At Mr DIY, both Nikki and Norrah chose two pencils that cost RM1. So they ended up with 20 sen each and hence, they have no chance to play claw machine. 🤣 Noelle chose two items and still leaves her with more than RM3, which meant that she can play 3 games.

It was fun doing this ‘lesson’, where they got to make strategic decision. 🤣🤣🤣 They also agreed that it was fun!


Trying luck at the claw machine:

They say they had one of the bestest morning! 🙄🙄 Beside getting to (window) shop and playing claw machine, they get to eat McDonald’s sundae and did Christmas cupcake decoration. Papa ended the trip by buying them Baskin Robbins! 🤣



Today’s spending activity, I realised that the papa is the ‘Angel ’ who will ask them ‘you want this or not?’ 🙄🙄 while I am the ‘devil’ who will ask ‘you sure you want this?’ 🙄🙄🤣🤣 He says he wants to test their temptation. 🙄🙄 While I think I don’t want to regret buying something which at the end they don’t really want.

But we stick to our pre-agreeed principle that we are not going to top up for them. 😂😂

Hopefully, they learn and understand about ‘trade offs’. Noelle was telling Nikki that she gets to play the claw machine. Then I told her, while she gets to play, Nikki and Norrah end up with more items. She agreed with that – it is a trade off of feeling (joy/excitement) over materials. And it is a game of probability that she might get a reward from that chance.

This is basic money 101, which is age-appropriate for them. I think it is really important for them to learn this early (because they are not born with silver spoons🙄😛😂) and I always wish I learn this early too.

They have been doing well with delay gratification, so far, at their age. They won’t ask for anything for no reason, unless it is a need. Similarly, we only buy stuff based on our needs (ya, I have many Shopee packages but those are needs, ok? 🤣😛). Despite Noelle doing well in her assessments, she didn’t ask for any rewards.

When they have this foundation, we can then move on to investing 101.

I know there are people who talk about their kids being investing savvy and talking about technicals at the early age of 8/9 years old, I would say either their kids are super genius or they are total bullshit (you know who you are ya. Siapa makan cili, dia rasa pedas🙏🏻) We still wish our kids progress at their current rate as they won’t miss out their childhood.

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