November 28th, 2024 by G.
It started out with me musing about teaching even young children about budgeting and maybe trade-offs.

Imagine a young mother sitting at a table doing some budgeting by a woodstove. The clear sunlight of winter streams in through the window. She’s doing it partly in paper and pencil so her children can see and experience her doing it. Having them learn about budgeting is important to her.
She gets an idea.
She calls over her little girl. The child is maybe 3 to 4, maybe even 5. The mother takes out some wooden blocks of different colors and labels them, including maybe with little drawings. She uses some long plain blocks to create a square.
“Here,” she said, “let’s play the the Big Person Game.” The kid is excited. The mother explains that the square is the money they have to spend each month, the blocks have to fit inside it. Any blocks that cannot fit they cannot use. Fitting blocks is something the child does, so she understands. Then the mother lays down some blocks. “Here’s paying for the house, here’s a block for the lights and the electricity, here’s a block for the car, here’s the basic food we need, here’s some clothes.” Then, as the mother designed, she shows the child there is a little space left and shows the child some blocks that could fit into it. Ice cream, maybe. Toys. A trip to the ocean. Small things that are discretionary where letting the child have some say can do no harm and possibly good.
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