Re: teaching money skills
We stopped buying the kids stuff. We started paying a $2 a week allowance (they are 7,8, 9 and 10) and the deal was they have to help out and be good or they lose that too! Since we started doing that they have started to understand that they are paying for their stuff. We actually make them do it too! you can't say it and then say oh, it is okay I will make up the dollar. NO WAY. You have to say you have $10 saved up and that is it. tax included. When our 9 year old wants to go skating and it is not a family event we make her pay for it herself. She bought some stuff at walmart last week and did not like that her allowance that she had saved had dropped so much. But it is the only way to teach them by making them be the payer not you just constantly saying this cost this and this saves that. They have no concept yet.
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