One of my greatest struggles is giving my kids the latitude to explore their own ideas…but I know it’s really beneficial for them to go from concept to reality. The process of questioning them, prodding them, and convincing them to think deeper about their ideas is exhausting. It’s so much easier to just tell them what to do, but I know helping them process their thoughts in a logical manner will translate into learning anything well. Last summer, they had a “brilliant idea” to earn money. They would collect sticks from around the neighborhood and then sell bundles of them for $20 each. Genius right? They were highly disappointed when folks weren’t eagerly flocking to the stick stand. I took this opportunity to teach them the beautiful concept of supply and demand as well as some basic capitalistic principles.
First, I questioned them about what they get excited to buy when it’s hot out (as it was that week). I asked if sticks were helpful or useful, if $20 was a fair price that others would pay. I suggested selling something they personally would love, and for a price they’d be willing to pay. My munchkins put their heads together, and thus the Pit Stop Popsicle Shop adventure was born. Continue reading