We live in a materialistic society, where until recently, most folks readily whipped out the plastic to purchase on any little whim. It seems that buyers are rethinking that habit, and are becoming a bit more thoughtful. Still, the holiday season is upon us, and urge to spend is at its' most frenetic. Everywhere we turn are sale flyers and advertisements, warning to "Buy Now!" or miss out.
Extremists cry for bans on gift giving this holiday, calling for closed purses and, in my view, grim spirits. I don't think a feast or famine approach to anything is wise. I love shopping for and/or making special gifts for friends and family. I find JOY in that, and there are wonderful lessons for our children to see experience the good in the giving (instead of just receiving.)
As such, we've been making the focus of Honey's sociology/life lessons this month the concepts of money, worth, and value. It's been interesting to study the economic definitions of each. We did a simple internet search, and ended up using a
basic About site, and some others. This gave us a great starting point for our discussions.
I wanted her to understand the while $5 might be equal in monetary terms, it's VALUE changed dramatically through variables like earning potential, economic status, and exchange. An adult who has a six-figure salary will not place the same VALUE on a $5 bill as a ten-year old who pooper-scooped the entire yard to earn it. One would flippantly spend it on a venti latte, while the other would hoard it as if it were gold.
Similarly, that same $5 has a different VALUE to someone who is unemployed or of the working poor than someone with wealth. For one, it could be the difference of a weeks worth of PB & J lunches. For the other, it might be an inconsiqunetial tip for the valet.
Exchange is the last concept I want her to understand. If that $5 is being used for medicine for a sick child, it's VALUE takes on a greater importance than if it is exchanged for entrance into a movie (even if that movie is in the Twilight series!).
We are going to be applying these value concepts this weekend as we finish our holiday shopping. There is also a concept of VALUE that can be applied here as well. The perfect gift for someone doesn't always have to be costly.
It's easy to get caught up in buying. I've watched parents spend $100 on stocking stuffers at the toy store, then return it all to buy that great telescope they thought was too expensive in the first place, and pledge to fill the stocking with homemade coupons.
I'll let you all know how we make out....