Wisdom for Wives

"Be diligent to know the state of your flocks …"

Time to Break the Piggy Bank!

on November 10, 2013
broken piggy bank

image credit: office.microsoft.com

As I shared last week, reviewing my spending over a period of time showed me how frequently I was spending money on food, without realizing it. The problem with going to the grocery store too many times per week is that, picking up “just a few things” often adds up to more than I was planning on spending. My Saturday grocery total is pretty consistent, but I haven’t been factoring in what I spend on mid-week trips. I also wonder whether I’m setting the best example for my children, for example, when French fries are used to pass the time while one child is at an activity, or as a bribe to a whiny toddler. (I’m not proud of it; just being honest. :)) But I see here that the kids and I both have an opportunity here to learn some self-control and discipline. My kids may also learn that anyone can change, including grown-ups.

~~Start children off on the way they should go, and even when they are old they will not turn from it (Proverbs 22:6, NIV)~~

Now, I am a long-time debit card user, and while it is very convenient, I admit that the convenience comes with risk. As I’ve experienced myself, it’s very easy to swipe a card when you know (or, you think) that there’s money in the account. So what I plan to do this week is to use CASH ONLY (gasp!) for food purchases. I will get some cash from the ATM tomorrow, and that’s gonna be it for the week. It will have to cover impromptu groceries, frozen yogurt, chicken nuggets, whatever goes into our mouths.  I will allow two exceptions: 1) We went out of town this weekend, so I did not do my regular shopping on Saturday. I plan to do that tomorrow, using my debit card. 2) Tomorrow night we will go to dinner as a family to celebrate our 13th wedding anniversary! (Praise our merciful and gracious Lord!) That will go on the debit card, too.

I will also get the kids involved. They’re going to know that, if we run out of money on Wednesday, there will be no French fries until next week! I’m already a little nervous thinking about it. But I’m also looking forward to it.  I’m curious to see how they respond.  I’m predicting that one of my kids will be very concerned about holding on to the money all week. Will they all be like that? (I already know the answer for the three-year-old). And where will I fall on the saving spectrum? I will let you know next week!

Thank you for stopping by,
Susan


5 responses to “Time to Break the Piggy Bank!

  1. Rebekah Postupak says:

    Can’t wait to see how it works out!!! What a great idea. It also might serve to turn things like fries into more of an actual “treat.” How far are you taking the kids’ involvement–will you give them a bit of money each and let them try this along with you?

    • wisdom4wives says:

      Yes, I’m always lecturing the kids that they shouldn’t always expect treats. Wonder where they got that expectation from!! A couple of my kids have a hard time keeping track of their allowance, so I usually do not let them carry money unless they have specific plans to buy something. Maybe I will give them all a little index card to use as a ledger. Sneaky homeschool mom, getting them to do math when we’re not at home. 😉

      >

      • Rebekah Postupak says:

        Wonderful idea!!! My own kids LOVE the idea of having spending money. Right now they have a piggy bank split in three: church, savings, and spending–but the spending compartment’s always empty, heh heh. I know they would LOVE having even a couple of dollars at their disposal each week. Naturally they will spend it on candy, though.

        Oh. Maybe giving them spending money isn’t a good idea after all.

  2. Kate says:

    Those mid-week shopping trips can really add up, can’t they? It sounds like you came up with a very workable solution. I’ll be curious to hear how it works out for you.

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