What does a 5 year old know about money ? (we asked Elizabeth)

This week we asked Elizabeth who is 5 about money. Her mum Laura blogs at Tired Mummy of Two and is one of the thriftiest people I know. I have high expectations of little Elizabeth.

 What does a 5 year old know about money

Do you get pocket money?

Yes

How much do you get?

£1 a day

Do you think that is enough?

Yes

How much do you think you should get?

A lot

What do you spend it on?

Toys and cuddly toys

What do think Mummy earns each year?

Money. A lot

How much do you think Daddy earns each year?

None

How much do you think Mummys car cost?

£1

How much do you think we spend on food each week?

£20

What do you want to be when you grow up?

I dont know

What do you think that job pays?

Nothing

If mummy  gave you £100 what would you spend it on?

Cuddly toys

What do you think Being  Thrifty means?

Saving money

What is your best money saving tip?

Put it in a money box, lock it and lose the keys

Do you think we should give some of our money to charity?

Yes I give money to poor people sometimes

Conclusion.

Elizabeth I am so impressed that you know what being thrifty means and I think your money saving tip is quite brilliant. Would love to know where your mummy bought her car from and where she shops!

Also in this series

What does a 3 year old know about money?

What does a 4 year old know about money ?

Other posts you might like:

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Comments

  1. Miriam says:

    Ha ha ha! Love it! Lock it and lose the keys! Brilliant!
    Miriam recently posted..GUEST BLOG…NUMBER 3!My Profile

  2. otilia says:

    oh how brilliant! Elizabeth is so cute in the picture!

  3. I want to know where mummy got her car from too! ;)
    Steph (@imcountingufoz) recently posted..Love Your Leftovers – Waldorf-Style Chicken Lettuce WrapsMy Profile

  4. jenny paulin says:

    awww bless her that did make me smile. what a great post and she has a gorgeous smile x
    jenny paulin recently posted..Parkdean Sandford Holiday Park (A review)My Profile

  5. Emma says:

    How cool that she knows what Thrifty means! I do so wish that cars cost £1! :D
    Emma recently posted..The Kriminal Museum (Rothenburg Ob der Tauber)My Profile

  6. Grenglish says:

    Oh I love this! What a cutie Elizabeth is. I am very impressed she knows what thrifty is. My almost 5-year old would not have a clue, which I hope does not say more about me than it does about him :-)

  7. ‘Put it in a money box, lock it and lose the keys’ = genius, but however much is in there, spend it on cuddly toys obvs. Love this series! :o)
    older mum in a muddle recently posted..#One Week – Spring ’14 – The Last One?My Profile

  8. Kirsty says:

    Bless! I wish I could put some money away in my money box and then lose the keys! There is plenty of time to learn thrifty tips and I love that at such a young age Elizabeth has a really good idea of what being thrifty means x
    Kirsty recently posted..Beautiful Oops! by Barney SaltzbergMy Profile

  9. Emma says:

    I love this series! It makes me giggle. I will have to ask Erin just to see what she comes up with!
    Emma recently posted..The view from my classroomMy Profile

  10. Mari says:

    Sound advice – throw away the key!
    Love your interviews with the little people it’s adorable to read their replies
    Mari recently posted..Summer salads: Jersey Potato, asparagus and 3 leaf saladMy Profile

  11. Ruth says:

    Haha, another brilliant post! And what an absolute cutie Elizabeth is, such a great photo x
    Ruth recently posted..I am Beyonce, but betterMy Profile

  12. You know what, I think Laura probably could get away with £20 a week to feed her family, she does it on a shoestring, lol Mich x
    Michelle Twin Mum recently posted..Ghoulish GlasgowMy Profile

  13. This is so sweet…I need one of those cars, the name of that supermarket and an invite to view the cuddly toy collection to see if it rivals my own!
    @unpreparedmum recently posted..Why I should be grateful…My Profile

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