This week my 11 year old son bought a new mountain bike, with money he had saved from his allowance and birthday gifts. The maturity he showed he in the store, looking at various bikes and the features the bikes had, as well as the price, was something he would not have done had we walked into the store bearing only my credit card. If I were paying for his bike, he would have no reason to want anything less than the very best bike in the place.
Over the past week he and I have had numerous discussions about his impending purchases. He wanted a new bike, a video iPod, and a digital camcorder. He does not have the money saved top buy all of those things. So our conversations went round and round, weighing the pros and cons of each purchase. Him lamenting the fact that he can’t buy everything, because he wants everything.
We have had some enlightening conversations.
“Well, you buy everything you want.” he said to me at one point.
“Do I? Like what?” I had asked.
“I don’t know, but you are always going to the store.” he had replied.
“Yes, it is my greatest desire to buy a 12 pack of toilet paper, cleaning supplies, and food for my family to eat.” He had laughed and I continued on, “I think you are confusing things we need with things we want. I want lots of things, but I don’t buy them. At least I don’t buy them without careful consideration. And usually in the end I decide that I don’t want most of them after all.”
It is a tough lesson. But one that is important for children to learn. If you, as a parent, are the one holding the purse strings the responsibility falls on you to say yes or no to your children’s wants and purchases. They have no reason to really think deeply about what they want. And if they can’t have something, well then it is your fault. You are the one who is blocking them from the very thing that they have decided will give them the ultimate amount of happiness, at least that day.
As parents we want to give our children everything. We want them to be happy. But being parents really is more than that. It is giving them the skills to succeed later in life.
I don’t want my children growing up with a sense of entitlement that I see so many of their peers afflicted with. I want them to understand budgeting and assessing their wants. I want them to have the joy that can only come from purchasing a long desired item with money they earned through their own hard work. I want them to have the pride of ownership that can only come from getting something all on their own.
I remember the thrill of going to the store with my purse full of cash I had saved. I remember my first large purchase. I want that memory for my children.