Tang’s “Do you know kids?”

What is in the minds of Filipino children? Are Filipino kids ready to be independent? A simple task  for 100 kids , what are they going to do with 500 pesos on hand?

One hundred school age children were gathered and were made to choose from a makeshift shopping paradise with extensive range of toys, school supplies, and snacks and other options like a charity box where they can donate the money or the alternative for them to save the money they received.

As they were making their choices, their parents were asked the question “ What do you think your child would purchase? “More than 50 % of the mothers expected their kids to buy toys and snacks, with the belief that they were too young for responsible decisions.

The result …. Ninety-nine out of one hundred children saved most of their money. Many donated to charity. Half of them purchased items for school. One child indeed spent all of his money on food and toys – but to give as gifts to his brothers and sisters.

To learn more, watch Tang’s “Do you know kids?” social experiment video by logging on to http://www.knowkids.org.ph/ and share the surprise!

Looking back….

I used to give my kids their “baon” everyday during their school age years. I try to give them more than enough but not to the point of being luxurious. As I looked back and reflect about this experiment, based on my own experience, my kids really learned how to save and prioritize on how they would spend their money. As I would always asked if they would have peso bills to change my 100 or 500 peso bill, they would have the money. There was never a time when their wallets were empty. This proved that they saving money.

Now that they are grown ups, their “baon” is on a weekly basis, again a little over than the usual but not luxurious and outcome is they don’t ask for extra money to spend on other school needs or money for out of school activities. Fairly they have learned to manage their money wisely.

They have applied for their ATM’s and we are experimenting if they will be beneficial for them and me.

Again, know about the Filipino kid independence, log to http://www.knowkids.org.ph/