Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No votes for sharing the family budget with a HS kid?
We have been unable to have children together, but what my parents did with me, is from about 15 years onward, I had to pay for everything I wanted that was not a necessity, myself....even my first car, and my first car's insurance....all from me having to work to earn the money for it....even extra clothes, over and above what my parents bought me for back to school....I had to pay for it....
that was enough of a lesson.
I have a kid in her 30's, so I'm not an active parent any longer. When she was little, there are things I wish I had done differently but she's turned out more or less okay thankies to some lucky accidents.
One thing that became a lifelong blessing was she got hired on as a receptionist/general dogs' body at a small credit counseling office when she was in high school. The owner eventually turned over most of the responsibilities to her...depositing checks, meeting with clients, etc. She knew good and well what a FICO score was when she was 16 and 17, and back then, few adults knew. It has been a tremendous assist to her.
What would I have done differently? I'd have let her see the budget. What I earned, what I spent it on what, etc. Now, if we had been terribly financially stressed I might not have done this, and I wouldn't do it with a kid who was in middle school or has emotional problems. But by high school yes, all things being equal...I think a kid would be able to grasp the family budget and to know some things are not for sharing outside the family.
How did you/do you teach your kids about money? Is this an urgent matter to you?
No votes for sharing the family budget with a HS kid?
I like the idea blu, but what sort of business? And why must you be the one to set it up?
IMO, running a small business is a more secure, more pleasant way for many to make a living, but for the folks in my family, it is never even an option. I think that's because no one ever modeled this behavior for them...me included. What a shame.
A few years ago in the dark ages.....maybe 4 years ago, AT&T didn't have unlimited text message packages. You bought packages with X number of texts and then paid for each one over. We had a couple of snow days where the kids stayed home. My son (13 at the time) had a little texting party with his girlfriend. When I first got the bill (I've since turned off the detail on the print statement), it came in a large envelope and was literally a stack of pages. The texting portion of the bill was something like $165. I look at the detail and there were like two and three text messages within the same minute......minute after minute. I thinks to myself that this is one of those classic computing snafus where a glitch in the system threw a bad bill out. I called AT&T. Oh no, your bill is correct sir. Mr. Fast Fingers got a strong lesson after that. You get to pay the bill obver and beyond what we set up for your package. He had just enough birthday and Christmas money stashed away to cover it. Even brought us about $10 in change, pennies included to pay it. He never did that again.
You know its funny Madeline that you ask because the women in my family always handled the money - my grandma, my mom, and myself. I asked my older son if he wanted to learn what I was doing one time, and his response was "I plan on marrying a smart woman so I don't ever have to do that." I told him he better start working on that because I sure as hell won't be paying his bills after college. Lol
My husband has not seen a paycheck in 23 years.
A few years ago in the dark ages.....maybe 4 years ago, AT&T didn't have unlimited text message packages. You bought packages with X number of texts and then paid for each one over. We had a couple of snow days where the kids stayed home. My son (13 at the time) had a little texting party with his girlfriend. When I first got the bill (I've since turned off the detail on the print statement), it came in a large envelope and was literally a stack of pages. The texting portion of the bill was something like $165. I look at the detail and there were like two and three text messages within the same minute......minute after minute. I thinks to myself that this is one of those classic computing snafus where a glitch in the system threw a bad bill out. I called AT&T. Oh no, your bill is correct sir. Mr. Fast Fingers got a strong lesson after that. You get to pay the bill obver and beyond what we set up for your package. He had just enough birthday and Christmas money stashed away to cover it. Even brought us about $10 in change, pennies included to pay it. He never did that again.
I am so glad to hear this, I had friends parents (especially parents of girls) who were forking over $150+ a month just in text messages that their kids went over the limit, and they never got their phone taken away etc. it was crazy. I had to pay my own bill and would tally text messages to make sure I didn't go over b/c my dad would have let my phone get shut off before he helped pay for it if he found out it was over text messages.
We've always used our restaurants as a lesson in economics. Explain to them about food costs, payroll, profit margins, bottom lines, Taxes yada yada yada....Our twin daughters have taken to it quite well. They've got a firm grasp on reality.
We also attach set amounts on certain chores. The easier chores, that require less thinking pays less than the chores that require more thinking. They fully understand that picking up a garbage can and tossing it in a truck requires very little thinking, and pays accordingly. They fully understand that a doctor performing brain surgery requires brilliance, and pays accordingly.[/B]