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My child is obsessed with money.

He is 7. All he talks about is money. How he can earn it, how much he has, wants, can make off selling his stuff. Right now he's looking in his room to see if he has anything to sell. He gets too obsessed and it goes too far. Is this normal 7 year old behavior, or does he maybe have something wrong?
(ps-it's not just that, he gets obsessed with whatever, hard to explain)
Basically I kind of feel like the money is a symptom of a possibly bigger problem? Please help!

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JackieGirl007

Asked by JackieGirl007 at 12:19 PM on Jan. 29, 2010 in School-Age Kids (5-8)

Level 35 (73,156 Credits)
Answers (6)
  • Could it be Aspergers? I know some people/kids get a little tunnel vision on certain topics when they have it.
    BradenIsMySon

    Answer by BradenIsMySon at 12:27 PM on Jan. 29, 2010

  • Ahh that's scary but I will look into it.
    JackieGirl007

    Answer by JackieGirl007 at 12:37 PM on Jan. 29, 2010

  • Oops, meant to add thank you.
    JackieGirl007

    Answer by JackieGirl007 at 12:38 PM on Jan. 29, 2010

  • can he be responding to you and your dh? are there money worries in your family?

    we were tight and dh worried about it out loud and around the kids, they did exactly what your son is doing - they wanted us to take all their money so we could have groceries.

    if thats the problem maybe you can reassure him that you have enough money for the bills, groceries, house etc....
    hypermamaz

    Answer by hypermamaz at 1:44 PM on Jan. 29, 2010

  • Why don't you empower him to make money? Help him figure out what he could legitimately do, like rake leaves, pick up nuts, dig weeds, etc. He may just be looking for that feeling of independence that having his own money gives him. I wouldn't think there would be anything wrong with him being very involved in trying to make money in productive ways. That would open up great discussions on charity donations, saving and responsible spending. It sounds like you have some great teachable moments that he is open to experiencing. When kids are interested in something, it's the best time to teach them about it.
    0123456

    Answer by 0123456 at 2:55 PM on Jan. 29, 2010

  • What a teaching opportunity.  Take it as that.  Let him know you are excited that he has taken such an interest and you want to teach him about earning, saving, spending.  Encourage him to save with a bank, matching it, helping him find ways to earn it.  See some great teaching tools about money http://astore.amazon.com/wwwcjkidzcom3-20?%5Fencoding=UTF8&node=3

    momjs

    Answer by momjs at 10:11 AM on Jan. 30, 2010

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