Our young niece wanted to make some money over the summer to be able to get a computer and have money for gifts for the holidays. She told us to not pay her until all the work was done, and to only give her enough to get her computer. She told us to hold onto the rest until the sales started for the holidays. She already worked a paper route for her daily expenses and to save some money. This was additional. I found a way to create paycheck stub printouts online, and I recorded every weekly paycheck for her. I gave her the paystubs to show her how much she was earning.
She wanted us to keep the money because she knew she might spend it. She told us she was getting better at saving. She started keeping some cash in a small safe we gave her for her room at home. She said that was a big deal as she would have just spent it not long ago. She had not touched her cash savings for three months. She knew she could earn some interest on it by putting it into her savings account, but this was a test of having money in her room without spending it. She said that her biggest temptation was when some friends were over and wanted to have an impromptu pizza party, and they did not have any money. Instead of offering to pay like she would have before, she made peanut butter sandwiches instead.
Saving money is a tough thing for kids nowadays. They often do not consider putting anything away for tomorrow. She was learning valuable lessons of restraint. When her paystubs reached the amount she needed for her computer, she talked with us about getting a check to pay for it. I asked her how her cash saving was going, and she said she had so much that it needed to go into her savings account. She said she kept back fifty bucks in the safe and has not touched it. Because of that, we presented her with the gift we bought her of the computer she wanted without touching the earnings she made from working odd jobs for us.