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 ?

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13 Comments

  1. otilia
    May 21, 2014 / 9:05 am

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

  2. Grenglish
    May 21, 2014 / 4:36 pm

    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 🙂

  3. May 21, 2014 / 7:02 pm

    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

  4. May 21, 2014 / 8:37 pm

    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

  5. May 22, 2014 / 1:59 am

    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

  6. May 22, 2014 / 9:12 pm

    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

  7. May 30, 2014 / 9:18 pm

    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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