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re: Kids being all in your money and life decision business
Posted on 4/18/15 at 12:11 pm to uway
Posted on 4/18/15 at 12:11 pm to uway
I think there's a huge difference between financially educating your kids and letting them in on the family's specific financial decisions, how much you make, etc.
For example, I don't agree with letting your kids in on planning your budget. I agree with giving them an allowance and teaching them how to responsibly use it.
If they ever ask me questions about it, I won't "hide" anything, but I think it's overboard to let say your 8 old actually help plan and/or make family monetary decisions.
For example, I don't agree with letting your kids in on planning your budget. I agree with giving them an allowance and teaching them how to responsibly use it.
If they ever ask me questions about it, I won't "hide" anything, but I think it's overboard to let say your 8 old actually help plan and/or make family monetary decisions.
This post was edited on 4/18/15 at 12:15 pm
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Posted on 4/18/15 at 12:17 pm to Brettesaurus Rex
Never to early for them to start learning about money. My kids wanted iPads two years ago. Made a deal I would give them 2 bucks each a day for 150 days. 5 months later my 9 year old son got his new iPad, my 5 year old girl didn't, she chose to buy ear rings and other stuff durning the 150 days and was warned every time she spent she was goning to be short funds. Lots of crying that say but she now saves every dime of allowance she receives. We are doing a deal with them now that they will pay for half a trip to Disney in a year and we will go back. They are well on their way.
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