My son is 6

and is the same way. He is a very emotional and sensitive kid and he gets very attached to his things.
Right now, I am selling the old clothes, but not the toys. The clothes I keep in hiding while I am selling them. Since I am using E bay, I really only have time to manage about 2 to 3 items a day so it has been a slow process. But, I have now made 335 dollars in the last two months. This time around, most of that money went for Christmas gifts, but at least it did not go on credit cards. That was a change for me this year and I am proud of it. I plan on putting the money that I make in the next few months on the credit card balances.
When we get to the toys, I am going to start by just putting things up for about a month and see if he misses them. What is missed will come back down, but what isn’t missed (and is not age appropriate anymore) will be sold.
I also heard of someone who is using this concept as a learning point. This person allows his kids to help pick out what is not wanted anymore to sell and then gives the child half of the profit. For a 4 year old, the concept would start teaching the value of money. My kids are 5 and 6 and when they ask for a new toy, I present this idea to them. They can sell off some old toys to have enough money to buy what they want. So far, neither child has had enough interest to do so, but they are getting the idea about how toys cost money.
But, right now, Aidan is begging for a Mario game for the Wii and I presented this idea. He elected instead to wait for his birthday in April. He has about 100 stuffed animals, but cries at the suggestion of giving any away. He really sees them as having feelings and gets upset at the idea that they will miss him and have no one to take care of them. This thing is real for him so I don’t want to diminish his feelings.
Either way was fine for me, but he stopped begging for the Mario and is ready to wait a few months and he now understands that things cost money and we can’t always just get what we want because we want it. If I can teach him that before he becomes an adult, I think I will have done a good job.

I wasn’t stressed out

about selling a bunch of stuff until I saw his reaction to it.. I didn’t let him see any of his old stuff go away (I would sneak his old toys out and he didn’t notice) but then I had boxes of other stuff (like household stuff and things that haven’t used and he saw me taking pictures of things.. my husband is away a lot and I am limited on the time I can do it without him seeing it… I told him that we are saving money for our piggy banks so we will be able to do things.. I try to show him what we are doing so he knows about money (he saves, gives and spends his xmas money) but once he started questioning my selling I guess it kinda freaked me out b/c then I second guessed myself..
I will post our budget here shortly, but I just want to be able to get out of debt sooner then later to make less stress for our family.

Hey everyone, I know there aren’t many livestock producers on this list

or agricultural producers in general. But if there are, I just got a nifty new spreadsheet from a workshop I attended about break-even cost analysis for various farm operations. With this spreadsheet, we can enter data about any of our livestock categories, such as market hogs, egg production, broiler bird production, and quickly figure out what our breakeven point is either on a per-pound or per-animal basis. The original spreadsheet was for poultry, but I’ve already re-worked it for hog production. I’ll be setting it up for other things like wool production, breeding stock, beef calves, etc. Once I get our livestock channels set up, I’ll be doing the same thing for things like market tomatoes, commodity grains, etc.

If this sounds really rather basic or “dumb” to non-farming folks, yea it sort of is. Without getting on one of my little soapboxes (again) this morning, suffice to say that a lot of ag producers have been weaned on the concept that “there’s no money to be made in farming.” And they go through life and try to run their businesses that way. We’re never taught how to figure out if our pricing is making us money, or (worse) we assume we won’t make money so why bother trying? I get infuriated with that attitude and this is just one more way to combat it. So, if there’s folks on the list who want to know if their livestock, garden, greenhouse or field production is making them money, or costing them money, or even just how to figure out where the breakeven point is, this spreadsheet will help you figure that out. I’ll go ahead and post it to the Files section when I put a few more categories on there. But if anyone wants it now, let me know off-list and I’ll send you a copy.