Once you’ve spent your money, it’s spent.
Here lately, I’ve been more aware of how the actions of little kids (namely, my own) have direct connections to the behaviors of adults. In the last three or four years, the primary focus of my life has shifted from developing a band program to developing children. I spent the first seven years of my post-college life thinking about how I could create a state renowned band program at West Jessamine High School. That wasn’t always the only though in my head, but is was usually the dominant one. After seven years, I just replaced the “state reknowned” with “nationally reknowned” and the West Jessamine with Henderson County. As we’ve been blessed with more kids, though, family has become the dominant thought in my head. Now, instead of wondering “Will we have enough clarinets for good balance in the third band?”, I wonder about things like “Why on Earth would Gus do that?” Usually, I’ll notice some childish behavior and think to myself: “Oh, they’ll grow out of that.” The longer I think about it, though, the more I realize that they probably won’t grow out of that. Many of the annoying and frustrating behaviors that I see each day with my children, I also see in myself and other adults. In fact, I think that over time I can probably write about an entire set of these connections. So, here comes the second of the Oh, you’re such a child! series.
Every once in a while, we stop by Cracker Barrell on our way home from church for that Sunday afternoon dinner. It’s been less often lately, though. We all love the food, but our budget doesn’t love the bill. I really love the Country Fried Steak, but my belly doesn’t love the extra girth. The boys love looking at the toys, but they don’t love the fact that we never buy them any. Well, a recent trip allowed us an extra bit of time to look at the toys because there was a fairly long wait for a table. Actually, we didn’t even wait on the table because the boys were being so uncooperative. You know that threat: “If you don’t mind me, we’re just going to go eat at home”? Well, I used that threat and guess what…we went and ate at home!
Later that afternoon, Grainger kept talking about this one toy dinosaur egg that they had at Cracker Barrel. It one of those things that you set in water overnight, the egg dissolves/hatches, and the next morning you’ve got a little rubber dinosaur sitting in the bowl of water. He had gotten one in the past, but he was wondering if you could just break the egg open without any water and get the toy. I explained to him that we had enough money to buy it, but it wasn’t something that we needed and that we weren’t going to get it for him. Then, the idea popped into his head. “Hey, what about MY money that I have in MY bank?” he said. “Well, you can spend that money if you want.” I told him. The boys have their own little banks with some change and crinkled one-dollar bills. Well, of course, that settled the matter. That egg would be Grainger’s. In his eyes, I could see the sudden awareness of his own monetary powers. I think the voice in his sweet and maturing little head was plotting: “The egg will be mine. Oh yes, it will be mine.” Now, before you move on to the next paragraph, read that last quote again in a Montgomery Burns voice. Don’t know who Montgomery Burns is? In shame, you need to watch more of the Simpsons.
Grainger, Gus, & I all went back to the toy brokerage (Cracker Barrel) for our purchases. Both boys had brought around $5 from their banks. We spent quite a while looking over all of the toys and most of the candy before we settled. Grainger needed to have that dinosaur egg, but I explained to him that it would take all of his money: once he bought that egg he wouldn’t have any money left. We were going to Wal-Mart after we left Cracker Barrel and they might see something fun there, right? Gus was pretty excited about a piece of candy that would leave him with money to spare, so we all went to the cash register to complete the mission. Both boys were satisfied and excited, neither one was particularly happier than the other. They were both pretty pleased with their purchases.
Once we got to Wal-Mart, I had promised them some time to look at the toys. Gus loves looking at Thomas the Tank Engine stuff and Grainger is really into bikes right now. Certainly, both boys found other items that they really wanted, Grainger was out of money and Gus still had some. Gus bought his new Thomas toy and Grainger had to do without. On the way home, Grainger cracked open his egg, got the toy and was then left with no money, a cheap dinosaur, and a messy lap.
Now, this was a great lesson for a six year-old. Watching this unfold, Grainger now gets an allowance. The allowance isn’t for doing jobs around the house. It’s as a teaching tool for him to learn about money. He’s getting $3 a week. Ten percent goes to church, forty percent goes to his savings bank, and he gets to spend the rest. However much he’s able to save by 16, we’ll match that for him to buy his first car. We stole the plan from Dave Ramsey and he’s been taking it pretty seriously for the last month.
Still, we’re talking about a six year-old. Is this not a behavior that most of America’s adults exhibit daily. I do not want to offend anyone, so I won’t use specific examples, but dude, those examples are everywhere. Just like a child, grown-ups fall in to the trap far too often. The trap is set like this: spend more money than you should for an impulse thing that you want right now…leave your self without enough money for the thing that you need in two weeks. How often do we (myself included here!) spend money on another meal at a restaraunt when eating at home would be faster/healthier/CHEAPER? Then, two weeks later, we’re using the gas from the lawnmower can to get an extra twenty miles out of the truck. If it sounds like I’ve learned that lesson first hand…
Do any of you know someone with an iPhone and a significant SUV payment, yet making the rent is tough? I could easily list a dozen students that claim they just don’t have the money for the $4 reeds in the school bookstore, yet they were getting the expensive footlongs at Subway the day before, NOT the $5 ones. Do you know folks that “need” unlimited texting, high speed internet, satellite TV, satellite radio, and a 2008 truck? Do some of those same folks always talk about how tough times are and how they just can’t afford to (fill in your own blank) . That is likely a case of having your needs and your wants mixed up. Grainger thought he needed that egg, but really he just wanted it.
Now, I’ve rolled pennies to get through the end of the month more than once and each time is because I’ve spent money unwisely earlier in the pay period. I will say, though, that Shana & I began really budgeting in October ‘08 and that has made a huge difference in the ends of our months. We were blessed to have been reading and listening to Dave Ramsey before we were even out of college, so the idea of “living like no one else, so that later we can live like no one else” didn’t mean changing our ways. It was simply how we began.
Disclaimer: Credit for our financial standing goes to what we’ve learned from our parents, Dave Ramsey, and mostly to God. We have old cars, a messy basement, and phones that are older than most of our kids, but we are trying to keep our wants and needs in order. We have been faithful in tithing from our first fruits and God has NEVER failed to provide for our needs. Never.
Does that mean God doesn’t allow us to make some silly childish mistakes? Of course not! I make foolish decisions with money each and every day, but I’m trying to be more of a “grown-up” with money and realize that there’s just only so much of it. Once you’ve spent it…it’s gone! That sounds so simple, but is it?