Money Moral Dilemma: Should I offer my kids a better exchange rate?

onwards&upwards

glider3560 wrote: »

Depending how old they are, it might be nice for them to visit the bureau de change themselves and see how it works.

I remember the first few times going abroad around the age of 10-12. Walked up the high street with my mum, compared rates in a few shop windows (good maths lesson and a lesson in being thrifty) then went into the best one and changed my money myself. It was a really exciting experience.

Yeah but times have changed, now you’d have to open them a Starling account on their smartphone!

glider3560

onwards&upwards wrote: »

Yeah but times have changed, now you’d have to open them a Starling account on their smartphone!

Haha! There are still currency shops around. Even on my high street (where M&S and Poundland both closed down) there's a Eurochange, Post Office and an independent shop.

engelard

Dilemma? So, exactly how big a kick do you get when you find you have been ripped off by someone? I can scarcely believe you are asking this question.

warby68

Who on earth short changes their own children? Very odd.

dtrain

Yes, you should give them a better rate. Aside from the fact you're stealing from them, you are missing out on giving them an early lesson in exchange rates and the global currency markets.

CRANKY40

Assuming that you'll be making up the shortfall if they don't have quite enough for what they want to buy and that the ten euro won't be the only money that they have as you will also give them some holiday spends I'm with Middlestitch on this one.

TJ17

I don’t know what kind of parent short changes their own children for financial gain. It’s not even like you’ve tried, it’s just cheeky. You could’ve let them do it themselves at the airport the “fees” don’t exist and they’d just get a more favourable exchange rate than from you.

Enjoy your spare 3€ and hope it’s worth it

Pay_me

I despair at most of the comments on here!!

They are your kids, it's a family holiday why does everything have to be a lesson on this forum? Enjoy the time away, let them pick stuff and if its over the £10 or 10Euro mark top it up if you can afford it. Most of these lessons people talk about are useless and complete and utterly pointless.

Here's me thinking a holiday was supposed to be a few days, week, 2 weeks what ever you have booked of forgetting about the crap of normal life and just breaking loose and living for a bit and enjoying your time together. Teach them about exchange rates and money lessons in the other 51 or 50 weeks of the year a family holiday isn't the time.

Don't rip your kids off either!!

bigpat

There's being a moneysaver and there's being a cheapskate. You could have rounded it up to €11 surely?

nobile

They already hate you for all the other times you've done something similar, so go ahead. The damage is done.

I look forward to your future posts in the 'Relationships' forum...