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My coworker 4y old son have never seen money exchanged at shops since UPI has become so prevalent in India. He would just pick things at shop and walk. He didn'

My coworker 4y old son have never seen money exchanged at shops since UPI has become so prevalent in India. He would just pick things at shop and walk. He didn't relate scanning QR codes with exchange. I should ask my coworker if he tried explaining physical money to him and how he reacted to the idea.

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jonplackett 2y ago
The money thing is really interesting in that my kids don’t have any concept of how much any amount of money is. And if I say I don’t have money for something they just don’t get it because all I ever do is beep my watch on the reader.
- tialaramex 2y ago
  That's interesting, it was about a decade ago now, but at a previous employer we actually went into classrooms to help them teach about money, as part of the social mandate of the corporation (they're a Credit Reference Agency, so, the bad stuff that's going to happen when you're bad at money as an adult is partly their responsibility, they reasoned that they should ensure kids are better prepared, and part of that is sending employees into classrooms to help with this material) All the kids we saw were capable, I'd even say surprisingly capable, of understanding the basics of stuff like budgeting. I remember we ran a scenario where they're helping a man to shop for himself and his wife, they're pensioners so they have a very inflexible income and an overspend is going to be a huge problem, and the kids were pretty careful, they understood that just because Mrs Smith likes flowers, if we haven't enough money for flowers after buying the intended groceries we shouldn't buy the flowers, they grasped that the choice isn't going to be "Buy both and it'll work out somehow", and that if you don't buy enough food you'll be hungry and so on. Even if all they were doing was telling us what they thought we expected, that's enough, as adults they won't be executed for going bankrupt, it's just important that's a conscious choice.
miki123211 2y ago
My friend was privy to a situation where a mother tried to explain to her child that they couldn't afford a toy that the child wanted. The child's reaction? "look mom, there's an ATM over there, if you don't have enough money, just go and get some from there!"

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jonplackett 2y ago

The money thing is really interesting in that my kids don’t have any concept of how much any amount of money is. And if I say I don’t have money for something they just don’t get it because all I ever do is beep my watch on the reader.

tialaramex 2y ago
That's interesting, it was about a decade ago now, but at a previous employer we actually went into classrooms to help them teach about money, as part of the social mandate of the corporation (they're a Credit Reference Agency, so, the bad stuff that's going to happen when you're bad at money as an adult is partly their responsibility, they reasoned that they should ensure kids are better prepared, and part of that is sending employees into classrooms to help with this material) All the kids we saw were capable, I'd even say surprisingly capable, of understanding the basics of stuff like budgeting. I remember we ran a scenario where they're helping a man to shop for himself and his wife, they're pensioners so they have a very inflexible income and an overspend is going to be a huge problem, and the kids were pretty careful, they understood that just because Mrs Smith likes flowers, if we haven't enough money for flowers after buying the intended groceries we shouldn't buy the flowers, they grasped that the choice isn't going to be "Buy both and it'll work out somehow", and that if you don't buy enough food you'll be hungry and so on. Even if all they were doing was telling us what they thought we expected, that's enough, as adults they won't be executed for going bankrupt, it's just important that's a conscious choice.

miki123211 2y ago

My friend was privy to a situation where a mother tried to explain to her child that they couldn't afford a toy that the child wanted. The child's reaction? "look mom, there's an ATM over there, if you don't have enough money, just go and get some from there!"