Far be it from me to make any suggestions on parenting, but when I wanted my first "stereo" ($400 box system when I was 10) my father said that he would match me dollar-for-dollar on any stereo I wanted. I scrimped and saved and did lots of token chores to earn the $200. The stereo sucked but I used it for the next six years or so and enjoyed countless hours of music. In fact my mom still uses it though only one channel works.
I still work my butt off to buy new toys (and pay bills).
I still work my butt off to buy new toys (and pay bills).