Your child's friend gives your child a $10 bill to keep, for no apparent reason. Do you let your child keep it or ask him to give it back?

I doubt that a reason for this "generosity" is non existent. However, depending upon the real reason they were given the $10, your child will more than likely be hesitant to tell you what the real reason is. I would insist on talking with them about how to handle generosity, and what is appropriate.

You certainly don't want them to assume that anytime someone offers them money, they should decline. But you want them to learn what is acceptable and what is not. Then you also want to be sure to teach them how to be polite, without being offensive.

Rather than direct them to return the money, I would teach a lesson in generosity. Take them for ice cream, and have your child use that money to pay. Or take them to the movies and do the same.

Or teach charity and let them decide together where they could donate that money.

No, he doesn't get money from anyone but family. Especially for no reason. That's just strange.

I would never walk up to a child and offer them money unless they were mowing my yard or something!

If I were the parent of the child giving the money away, I'd be a little concerned. Why does this child feel he has to buy companionship? This is common among children and most usually it stems from a social anxiety or self esteem issue.

The child may not feel worthy of friendship and so he offers compensation. My child would have to give it back. I'd make sure he was nice and polite about the situation and maybe have him add something on the lines of, "Thanks, that was nice of you.

But my parents don't allow me to accept money without earning it. " The child who gave the money won't have his feelings hurt like this and my child will be reminded of the policies in our home. We work for our money as most people do.

Giving a child money freely (or allowing him/her to accept it freely) creates an unrealistic view of how the world words in that respect. Any child that is old enough to receive money is old enough to earn it in some way. The chore given should be compatible with the age and ability level of the child.

The payment should reflect the work done, unless it is included with their combined chores. A parent's job is to raise a child to be a successful and responsible adult. Teaching them the importance of work ethics, responsibility, and the true value of money will help immensely as they enter adulthood and make their own way in the world.

The only exception to the rule of a child being allowed to accept money when not working for it is as gifts from family on birthdays or holidays. Even then, it is a good idea to teach them good spending habits along with the importance of saving a portion -- even if a very small portion.

It depends on the age of the children involved. If it's obvious they're a bit young to not only have a $10 bill in the first place but too young to know what to do with it then you should present the gesture to the parents of the gift giver to make sure they know what their child is doing with the money. If it meets with their approval then there should be no objection on your part either.

But if you have family values (aka pride) that prevent you from taking gifts, make suggestions to your child on how they might earn it instead. If the child is young enough they might not be able to understand or appreciate the distinction without help.

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