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

MoneySeeker1

hazyjo wrote: »

Wouldn't have even changed it - would have kept it and just bought them something from the holiday spending money up to around 15 euros each. Surely easier. Know that's on the generous side of exchange, just saying I really wouldn't have been quite so fixed on the £10 side of it. Gives them a bit of leeway.


If it had been £100 it might be different but a couple of quid on top of a tenner is neither here nor there really. They're unlikely to find something dead on that amount.




Bit of a ridiculous 'dilemma' lol.

It's the principles enshrined in this that are the important things IMO.

1. It's their money and so they are the ones that choose when/where/if to spend it and it's not spent for them by their parents.

2. They learn the lesson that every last penny of a persons money is theirs and not "It doesn't matter if someone else has a little bit of your money - if it is only a minute bit of it".

So they grow up to be adults that respect they don't have the right to choose how anyone else spends their money and that it's not okay to help yourself to even just a tiny bit of someone else's money. What you propose could lead to them becoming an adult that thinks it's okay to take an unreasonably high amount for "expenses" from any money of someone else's they have access to or not bother to go back and pay a business for something that business inadvertently omitted to charge them for.

It's a parents job to teach their children exactly what "following the straight and narrow path" means and that there aren't any grey areas where they can push the bounds a bit.

I'm still very aware I've had to bin off someone that was a friend because they "blurred the boundaries" in various ways like that. I don't think they would go as far as grabbing someone's purse or breaking into someone's house, but they kept "blurring the boundaries" in tiny little ways like this and weren't absolutely clear what was their money and what was someone else's money. So these lessons do need to be learnt in childhood.

Trix3y

I cannot believe that some people have so little to worry about that they would actually think this was a dilemma

aintreemaid

glider3560 wrote: »

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.

Why not let them have the fun of visiting an exchange bureau at your destination?
We've no children in tow anymore but we do this and always get a better rate than buying foreign currency in the UK.
Enjoy your hols!

crmism

Yes, you are being unreasonable, and a skinflint to boot.

These are your children, for heavens' sake and, with the Euro worth less than the pound, they ought to be getting rather more than you're offering. We're not talking hundreds or thousands of pounds here, but £10 each - surely you can make the right gesture to two of your own?

Kilroy62

Give them the real rate - kids know in the end that you bilked them and you lose their trust for the sake of a couple of Euro. Be a good honest parent - its worth more than the cash.