View Single Post
  #9 (permalink)  
Old 04-04-2006, 02:22 PM
PrincessPerky PrincessPerky is offline
$ Saving Assistant Professor
 
Join Date: Nov 2004
Location: Charlotte NC, USA
Posts: 4,381

Points: 63299.31
Donate
Default Re: teaching money skills

Reverse that, the school most likely can't! so please do it!

I often explain to my kids that DH makes a set amount of money (give or take) so if they want the money to go to steak, or trips to the discovery place (science center) they shouldn't leave the lights on or fridge open that will drive the electric bill up. When they are older I want to actually show them the budget, including all the bills splurges and mortgage.

I do not currently do an allowance, and may never. because my kids get more discrecionary cash from the ILs than we have! so my buck that I could afford wouldn't be a drop in the hat! but we do make sure the savings account is untouchable (and added to by them) and that if they want something we think about the cost, figure out how to make the money/how long to wait for money then we get it. DS is right now looking to get a computer game. he knows he needs money, but he got a 5$ gift card for build a bear in the mail (birthday promo) he wanted to use it for the game, doesn't quite work that way! But it was cute

Who pays for those dance classes? if she doesn't und3rstand where that comes from, the cost of the class wont mean much to her.
__________________
"You didn't take it, I gave it to you" -Matchstickmen

DimeEd.com Education on a dime for anyone, anywhere!
Wixx's Wasteland
Reply With Quote