Ryan just spent $204.44. He didn’t do it lightly. That’s because he knows just how long it took him to earn that money. His one-day-a-week paper route earns him $11/week. That’s 19 weeks of folding and throwing papers. But he also gets $10/week in allowance. Enough to help him get some of the things he wants, but not everything. (That explains the paper route.) With the allowance, his total time was reduced in half. To a 15-year old, that’s still…
I hung out in a second grade classroom last week to talk about saving money and then have the students make their own Money Jar. It was a fun lesson and the Money Jars turned out unbelievable. Kids and their creativity never ceases to amaze me. While we were discussing money issues, I asked the students how they got money. Of course, the usual answers came up…allowance, chores, birthday money. Then one little guy raised his hand and volunteered, “You have to spend…
I was talking to a friend of mine recently about setting up an allowance program for her six-year-old daughter. Six is the perfect age to get an allowance going. Kids this age understand a lot about money and it’s time to start giving them some responsibility managing some so that they can begin to get into healthy habits. “She’s not interested in money at all,” my friend told me. “She doesn’t like to go shopping and never asks for anything.” I…
For someone who is very interested in his money, mostly because he needs it to fill up his car with gas, Nathan does a pretty bad job of keeping his cash organized. He’s got some in his bathroom drawer, some on the floor of his room, some in his backpack, and some spilling out of the cup holder in his car. And who knows where else. So he decided the other day to collect it all and see how much…
Nathan was headed out to Kragen’s the other day to buy some items for his car. He loves his car and spends a lot of time…and money…on it. I don’t know where this kid came from. The rest of us look at cars as a tool to get us from point A to point B. I asked Nathan why he didn’t get his supplies at Walmart which I was sure would be cheaper. “Yeah, I know Walmart is cheaper. But I love talking…