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?


How much do you get?

£1 a day

Do you think that is enough?


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?


How much do you think Mummys car cost?


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


What do you want to be when you grow up?

I dont know

What do you think that job pays?


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


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 ?



  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

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge