Nathan got his first checking account complete with checks and debit card. It’s time for him to move on to the next level of money management. At 16, he needs experience depositing, cashing, and writing checks. He also needs to learn to use “plastic” money in the form of a debit card. I like debit cards. They’re convenient, practical, and as close to using cash as you can get. That’s because the money is pulled directly from his checking account…
Imogen got a $3 raise in her allowance. Allison needs to prove that she can feed the cat and clean her room without being reminded and then she, too, will get a raise in her allowance. Matthew got an allowance for the first time. I couldn’t be giddier. Getting money into the hands of kids on a regular basis is the best way to teach them how to manage their money. An allowance, because it’s consistent, does this. And when…
“What else are you supposed to do with it?” was the answer I got when I asked one of the kids in my math camp why he spent all his money. Matthew earns a weekly allowance for doing his chores. He loves video games and spends most of his money on those. He’s not a big saver. In fact, he’s not a saver at all. Apparently he didn’t even know he could save his money. Matthew is 9 years…
Nathan and I had it all figured out. The timer was set for two hours and twenty minutes as a backup in case I forgot my role in his Odyssey Black Series i9. Now it was simply the waiting game. The i9 is a putter. Retail it sells for about $250. But a number of years ago Nathan discovered ebay and since then has rarely purchased a club in his ever growing arsenal to be a scratch golfer that wasn’t…
So this is how it starts. 5 flavors,1 carbonating canister, 3 bottles and 117 dollars. It’s the creation of Ryan’s first business venture. Ryan’s paper route has earned him a lot more than just his $41 paycheck each month. It’s taught him life lessons that only having a job can do. Being accountable to a “boss” that’s not your mom, giving customers that extra special service, pounding the pavement for new subscriptions, planning ahead, being prepared, and the latest one…clipping…