ROTFL!!! This is a great story! I have been one of those people who mooch off their friends and this is something I'm still working on. Progress not Perfection!
God Bless!
Michelle
· 2 years ago
Oh, that's a great one!!! I love it! Tell him he can do some paid chores here, too, if he wants to pay off those cards quicker. (wink).
Way to teach them young. We broke out the budget again recently so the could see that there isn't an endless supply of money.
Amy LeForge
· 1 year ago
Hi Mike! Thanks for stopping by. In the months since I wrote this post TechnoBoy has not borrowed again, although he hangs his head sadly in the store while muttering to himself about not having money. Poor kid. Perhaps this summer he'll get in the earnings swing of things.
Kathlene
· 1 year ago
Love your post! This is something I think many people really don't get the chance to practice and understand before becoming adults. You really are never too young to learn/teach this lesson.
Amy LeForge
· 1 year ago
Hi Kathlene. :) Thank you.
You're so right about never being too young. My parents had us do a little money management, but there are mistakes that Hubby and I have made that I hope the boys can learn from without having to experience for themselves.
For our next trick, we're going to hold a garage sale and have the boys sell all the toys they never play with. The deal is that they can use the profits to buy something for all 4 of them (because Hubby and I bought the toys they're selling - if it's something they purchased on their own then they can have the profits). I'm hoping they get rid of a ton and earn enough to buy a Wii game or something small.
It's been interesting discussing with them how much they actually use items that were must-haves months ago. Another step in the direction of less clutter perhaps? Time will tell.
Debt Management
· 1 year ago
Great story. Kids need to learn about debt management as early as possible.
Bogdan Radu
· 1 year ago
Great. I will put my kids to learn about that :)
Credit Counseling
· 1 year ago
Growing up, I had a spoiled friend whose parents paid for everything. I was so jealous - until now. She's a college graduate who has no money know--how - she's 20 grand in debt and has no idea how to take care of her self financially.
San Antonio Attorney
· 1 year ago
This is a very helpful post for a lot of parents. Kids should really be taught about how important money is. We can start by not letting them buy everything they want.
Online Credit Counseling Servi
· 1 year ago
Children can only be taught about money by learning to manage a budget at a young age. I give my children $20 a week to spend on whatever they choose. If they want to buy something that costs more than that, they can find a job or do household chores. Too many parents today are reluctant to set up boundaries for their children - but spoiling their kids will only cause them to become irresponsible adults.
Prismas Basalticos
· 1 year ago
teaching our children how to handle their money at a young age can actually give them the value of money to us. -M from Mexico
Rosie McCleaner
· 1 year ago
Teaching kids how to manage their money would be so beneficial to their lives, money is such a huge part of life and its never a subject brought up in education
Lisa Watson
· 1 year ago
Great post Amy, and that verse rings so true to even today's day and age in the sense of debt. Personally I'm a huge fan of not having any debt, unless under certain circumstances (house). Most people don't understand that a root of alot of their problems ties back to their inexperience in correctly managing money and accruing debt. Teach them at a young age Amy, that's perfect! I wish more parents instilled this type of information.
Amy LeForge
· 1 year ago
Lisa, thanks for the compliment! And you're right about debt being a root of the problem; it's sad that so many families are learning this the hard way in this economy.
Val Garner
· 1 year ago
What a great response! He sounds like such a lively kid, the comment of not having to work on Labor Day?! How did you keep a straight face, or did you? Classic! I'll bet he keeps you hopping.
Amy LeForge
· 1 year ago
Val I find that biting the insides of my cheeks helps with the straight face thing. I can usually do it if Hubby isn't around. If he is and I make eye contact while a boy is being especially hilarious we usually both lose it at that point. I've been known to leave the room and laugh elsewhere if the situation warranted.
peza lawyer
· 8 months ago
Brilliant idea of teaching a child on how to pay debts. We should give extra effort so that we can pay our debt. I remember my parents told me that if a have a debt on someone, do not let that someone to remind me the debt but be the first one to say that i am gonna pay the debt. that's all..thanks!
All Comments
God Bless!
Hugs, Michelle
beartwinsmom.wordpress.com
You're so right about never being too young. My parents had us do a little money management, but there are mistakes that Hubby and I have made that I hope the boys can learn from without having to experience for themselves.
For our next trick, we're going to hold a garage sale and have the boys sell all the toys they never play with. The deal is that they can use the profits to buy something for all 4 of them (because Hubby and I bought the toys they're selling - if it's something they purchased on their own then they can have the profits). I'm hoping they get rid of a ton and earn enough to buy a Wii game or something small.
It's been interesting discussing with them how much they actually use items that were must-haves months ago. Another step in the direction of less clutter perhaps? Time will tell.
-M from Mexico