Friday, December 20, 2013

Setting goals with children

Do you set family goals or include your children in the family goals?

My daughters really want two things:
1.) Our own house here in Canberra so we can have pets and a cubby house
2.) A trip to America

I want both of these things for us to. It's easy as a parent to just work the budget out, set the goal and work towards it without including in the kids too much until the goals is almost achieved.

I'm taking a different route.

My daughters express their desires to go to America and have our own house numerous times a week. I decided to sit them down and discuss it. They are only 4 and 6 but they understood a lot.

We talked about what I do to make money, the expenses we have and how we need to save. We discussed what we could do to save, what they might want to do with their pocket money (save it so they can buy things they like in America etc) and I got them money boxes.

We cut out pictures of our goals and we are all working toward it. When we are at the shops and they ask for things I say to them "Would you like that chocolate or would you like to put the money towards going to America?" Most of the time they choose America.

Setting these goals as family goals has made my life much easier. We are focused as a family on what we want, where we want to go and how to spend our money.

So, do you include your kids or do you set family goals?

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