Archive for March 4, 2010

What’s the hurry?

This last week was a mini-marathon for me & I loved every moment! Speaking 5 times in 7 days may be a record, but what a privilege to meet such wonderful parents!

One dad gave me a great idea that I want to pass along. We were talking about how we can help our kids understand delayed gratification vs. instant gratification. How do we teach them that it’s really BETTER to wait? What kind of things help them to exercise those muscles that strengthen their ability to wait?

His idea: On family vacations he gives his 4 children some spending money. Let’s say he gives each child $25.00. He and his wife let them know this is THEIR money, and they can spend it any way they like, whenever they wish. If they spend all of it at the first Cracker Barrel they come to …that is OK. But they are only getting $25.00 for the trip. Now…here is the lesson part:  He also tells his children that whatever part of the $25.00 they come home with, the parents will double.

Hmmm…so it’s better to spend wisely, and maybe even not spend at all? If I spend $10.00 on a trinket, and bring home $15.00…I can get $30.00!

He said that the first time they were given $25.00, they did spend it very quickly, but by their 3rd family vacation, the older children had learned that the coolest way to use the money was to examine all of their choices, and think about what $50.00 could buy at home. He saw a huge shift in the mental process of seeing+wanting=buying….. change into……. seeing+wanting+thinking=waiting.

Brilliant!!

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