This certainly touches on family values and how a child understands what is possible and not possible in their family setting. It is about teaching the child that we live within our means. Living within your means can be taught quite well to the child.
In my experience families that play together, laugh together, talk together, physically exercise together, bike ride, walk in parks, play formal games like Monopoly etc., demonstrate to their children that there are many ways to access things but not own them. The more motivated they are with regard to accessing what is available for them, the greater appreciation they develop about what is around.
Also families can talk about their finances and what constitutes living in their means. This is such a worthwhile life lesson to teach children. In today's world, where financial transactions take place with credit cards etc. children do not get a visual understanding of cost.
Below are some useful tips in giving children a better understanding of appreciating things but not feeling unsatisfied if not owning some goods.
This is about the whole family setting family limits and discussing how their budget works perhaps across a week. Best to keep it short and it can be in simple terms. It is about getting the child to reflect on the cost of living.
Celebrating all the opportunities where the family can access things as opposed to owning them. For example as mentioned above utilising all the natural resources available in the area.
Encourage the child to research the price of items. This is great for their Maths but also gets them to understand the value of goods.
If a child has pocket money, then teaching them to save for a special item gives them pleasure in their efforts. Grandparents are great supports in quickly building up their resources.
As a family, budget for one special item and tap into how that is going over time.
Birthdays or Christmas are a great occasion for a child to receive something special. The waiting till the occasion has arrived is teaching the lesson of patience as well as placing more value on the gift.
Encourage the child to write thank you cards when given something special. This helps them reflect on the effort on the part of the giver.
Tell stories of your childhood and the excitement of waiting for gifts etc. Perhaps you had a paper round or worked to earn small amounts of money. Talk about the joy you felt when the effort was rewarded.
If the answer is No to something they want, be prepared to explain the reason and listen to their concerns. Can you negotiate with them or is it simply not within budget expectations.
Keep coins at the ready in your purse and invite the child to count out and pay for items with coins.
I have had the privilege of managing schools in different economic zones. What I learnt was that those children with less, seem to appreciate what they receive with gratitude and develop a deeper understanding of its value. They also display considerable creativity in their play. For our children in more affluent areas relying on their own creative resources is not necessary at times. Appreciation and gratitude can be harder lessons to learn. Families are highly influential in this area.
If a family demonstrates restraint and self management, this is a lesson well taught to a child.
Finding happiness isn't in the material things in life.