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Buying dumb things using allowance money
My son, who is 8, is getting an allowanca and has accumulated some
money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. Thoughts? i i |
#2
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Buying dumb things using allowance money
On Wed, 17 Feb 2010 12:38:59 -0600, Ignoramus15568
wrote: My son, who is 8, is getting an allowanca and has accumulated some money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. Thoughts? Not fraud - just overpriced. And even if it was something like those book club things that you can't get off the list once you buy the initial 5 books - this is a good time to learn that lesson while you are there to back him up. I didn't find out about those things until I was newly married without much money. I would have him buy them though. Not do it in your name. |
#3
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Buying dumb things using allowance money
Ignoramus15568 wrote:
My son, who is 8, is getting an allowanca and has accumulated some money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) Is he wanting them for the online game codes? Do you have a reasonable limit for his online time? My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. If these are what he has spent a long time saving up for, it seems reasonable to allow him to get them. If it is a brand new idea, maybe giving it a little time to simmer, and looking at other things he has been saving up for would make sense. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. It isn't how I would spend my own money, but lots of people seem to be happy with them. If it will lead to more gaming than you allow, then you may have a good reason to limit them. As a parent, you have the right and responsibility to limit how your children spend their money. I don't think I will have my 8 yo asking for these because his allowance is not that large and his experience is limited enough that he hasn't encountered them. --Betsy |
#4
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Buying dumb things using allowance money
"Ignoramus15568" wrote in message ... My son, who is 8, is getting an allowanca and has accumulated some money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. Thoughts? Basically it's his own money so I'd say within any limits you've already set he can spend it. But my initial thought (translating into £) is how much pocket money does he have? My 9yo would have to be saving up for over 6 months to get that amount. Me and my husband were discussing last night how our children spend their money. #1 (age 9) spends very little on herself. She buys things for friends, presents for family and puts the rest in whichever charity box she's got at the time. #2 (age 6) tends to spend her money on odd junky things that give her immediate pleasure but have no lasting value. Debbie |
#5
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Buying dumb things using allowance money
On Fri, 19 Feb 2010 13:03:50 -0000, "Welches"
wrote: "Ignoramus15568" wrote in message m... My son, who is 8, is getting an allowanca and has accumulated some money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. Thoughts? Basically it's his own money so I'd say within any limits you've already set he can spend it. But my initial thought (translating into £) is how much pocket money does he have? My 9yo would have to be saving up for over 6 months to get that amount. Me and my husband were discussing last night how our children spend their money. #1 (age 9) spends very little on herself. She buys things for friends, presents for family and puts the rest in whichever charity box she's got at the time. #2 (age 6) tends to spend her money on odd junky things that give her immediate pleasure but have no lasting value. Debbie One of the things a parent hopes to do is install a sense of thrift in their children. At that age I had an allowance, but it was not really actually 'my' money. I had to pay my Girl Scout dues, I had money for my church envelope (amount set in advance), and I had money that I was expected to save for something in the future. During WWII, I used the money to buy stamps to put in a book and eventually I would get a savings bond. If I wanted candy (which I often did), I would sometimes go without milk or something at lunch so that I would have money to buy it. When I was 12, my mother decided that I needed to have a clothing allowance. The allowance (1951) was $30/month. I was to buy all my clothes or the materials to make them. My mother made me buy a winter coat, and two dancing class dresses at the beginning of the year and I made myself a dress in home ec. But after about 2 years, I had $300 in savings (and no goal for spending it) and no clothes except ones that my mother could not resist buying me. I hated shopping (Don't you like this blouse? It is on sale. It's OK, but I don't like it enough to spend my money) She tried the same thing with my sister, but my sister continued to be unable to make up her mind about what she wanted to buy and to second guess herself about buying it. We are both still the same way. I don't like to shop and do most of it by catalog or on the Internet. She had to have a personal shopper help her pick out a mother of the bride dress for her daughter's wedding because otherwise she wouldn't be able to decide. We are both sensible about money in general though so maybe having an allowance to spend helped. |
#6
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Buying dumb things using allowance money
Ignoramus15568 wrote in
: My son, who is 8, is getting an allowanca and has accumulated some money. Now he wants to buy something that is, in my opinion, a complete ripoff, which is a pack of "Club Penguin Trading cards". He wants me to buy them online and he would repay me in cash. The deal is $49 for a pack of 50 cards. (!!!!!!!!!!!) My first instinct was to just refuse to do so, but now I am having my doubts. The cards are not really harmful (as would be if he asked me to buy cocaine for his money, for example), they are just a dumb way to spend money. But maybe this is his prerogative to do with his money as he sees fit, as long as no harm is done. On the other hand, if, say, he would want to participate in some kind of fraud, like a pyramid scheme, I would be right to refuse. These cards are just one step away from fraud, so maybe the refusal has merit. Thoughts? is it his money or not? if it is his money, then he has the right to spend it as he sees fit. as a parent, you can talk to him about his choices & value vs expense, but in the end his money is his to spend as he chooses. my son is 9 & has had to learn the hard way that that *really cool* toy he saw on that commercial is really an overpriced piece of crap that doesn't do what it's advertised to do. he's much more careful with his money now. you are probably correct that Club Penguin trading cards are a rip- off (it *is* Disney, after all), but it's a slight possibility that if he has a complete set & takes really good care of them, they may possibly be worth a few dollars someday. i rather doubt it though, as the "collectables" market is pretty flooded with drek now-a-days. lee |
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