In my fourth grade classroom, we have an economics system where students get paid each week with classroom money and part of their pay goes towards "rent" for their desks. Once they have saved $200, they can purchase their desk and no longer have to pay rent. They also have the option to purchase someone else's desk so they are now getting a paycheck plus the rent money from someone else. Sounds easy to do, but also within our system each child gets two opportunities in the year to bring in goods to sell. This could be candy, trinkets they have lying around the house or some other treat they might find or make. It has been interesting to see who spends their money and who saves it. We are nearing the end of the year quickly and thus far only three of my students have purchased their desks! I have watched these students over the months blow all of their money on a sale day...and mostly on junk. I thought for sure most of my class would be proud desk owners by now, but no such luck. I began to wonder if this has any correlation with how their parents handle their money? I can only guess that it is. I know now more than ever that I do not want to pass bad spending habits on to my own children, and the way they see me swipe my credit card time and time again (and often want to swipe it for me and sign their name), I may have already planted a seed for spending. There are too many young people these days who do not value the worth of a dollar and feel they are entitled to anything and everything because their parents give them anything and everything. I don't want my children to be one of those people; I know how to say "no" and my girls accept "no," for the most part : ). I just need to learn to say "no" to myself and accept it!