Seven to eight-year-olds tend to want what their friends have. This is because they’re reaching an age where peer pressure is playing an important role in their lives.
This is why it’s a good time to teach children self-discipline and help them start building their self-identity.
When they seem to want things because their friends have them, perhaps ask them questions that make them think more about their decisions. For example:
- What does it mean to have the same things as their friends?
- Why do they want the same things as their friends?
- What do they have that their friends don’t have?
They’re bound to make bad decisions along the way. For example, saving for something they want then caving in to peer pressure and spending their money on the same new toy their friend has and then regretting it.
This is a great way to learn about making careful decisions when it comes to money.