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Originally Posted by JLP
I pay them every Friday. I make them come into my office and they sit down and I open up my spreadsheet file and show them where their money is going. I make 4 piles (Tithe, long-term savings-25%, short-term savings-25%, and spendable) in front of them so that they see what's going on.
JLP
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This is why I love this forum.. so many creative ideas!!! Thanks JLP for sharing. You've inspired me to add a short-term, long-term amendment to the plan I've arranged thus far... I also think it is a brilliant idea to pay them on Friday and make it a "family money management time".. we definitely need to make our children aware of the importance of managing money early on.
Thanks again,
Barb