Beachbummette
SoWal Insider
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I'm About to Go Broke!
- Thread starter Rudyjohn
- Start date
steele mama
Beach Fanatic
I like that!
I have to add that my girls have always been the hardest workers you could find. They have always known that if they really wanted something they had to work for it. Now they DO insist on buying me dinner and whatever ALL the time. Seems kind of unfair since I couldn't always buy for them like that. They are so sweet!
I like that!
I have to add that my girls have always been the hardest workers you could find. They have always known that if they really wanted something they had to work for it. Now they DO insist on buying me dinner and whatever ALL the time. Seems kind of unfair since I couldn't always buy for them like that. They are so sweet!
from what I can tell from your family, you have a special relationship with your girls and this is the most important thing of all. this is what I want to achieve most of all with my little one.
I agree completely. You do have a very special, loving relationship. It is evident in your posts about your daughters. You've done a wonderful job, steele mama ~
steele mama
Beach Fanatic
Grace, grace, wonderful grace!!!
audie
fartblossom
this hits so close to home, because every time i see my pop, he always asks me if i need gas money.... a month or so ago i was telling my mom how short i was on funds, and admittedly exaggerating a bit. a short time later my pop called from work to get my bank account number to deposit money for me because mom told him i didn't have any money for groceries :roll: i asked him why he always wants to give me money, he said because he knows i'd never take it. he doesn't offer to my sis tho .....
audie
fartblossom
I like that!
I have to add that my girls have always been the hardest workers you could find. They have always known that if they really wanted something they had to work for it. Now they DO insist on buying me dinner and whatever ALL the time. Seems kind of unfair since I couldn't always buy for them like that. They are so sweet!
my dad was telling me that last week at my grandma's funeral they saw some people i used to work for, and my old boss was telling mom i was the best, hardest-working employee she had ever had, my pop said mom was grinning from ear to ear after that. she said it made her feel like she had done a good job with us girls....
TooFarTampa
SoWal Insider
This is a great thread all around. JR thanks for starting it.
Hey, it happens -- I've let my 6 yo watch entirely too much TV in the past month and now I am paying for it as he transitions back into school and responsibility.
I think we are all guilty of backtracking from time to time. Luckily my default word is "No," (and what SHELLY said about starting when they are toddlers is SOOOOO true!! I've seen the evidence pro and con!) so he knows he can't get away with too much lip or grief. But the next week or two is going to be rough ...
JR here is something I read in this month's Money magazine. I can't find the link to it on their website but it is titled "Get Financially Fit for back to School." The first two points apply to your situation and are basically what you have heard here. But it always helps me to have "instructions" because emotions take over from time to time when they are your own kids and it is hard to be tough and see things clearly!
1) NEGOTIATE THE BUDGET.
Set Shopping Boundaries: Familes plan to spend an average of $527 this season on clothes, supplies and tech, 20 percent more than last year, according to the National Retail Federation and BIGresearch. To keep your own tab in check, take care of the essentials first, then give your teen a budget for extras and stick to it. She can decide whether to blow money on one pair of designer jeans -- or to buy three pairs of Levis.
Let your kid lead: Ask your teen to create a list of his weekly expenses such as lunch, gas and entertainment, then decide how much you will contribute. Again, leave the spending decisions to your kid. Overloading on snacks every day means the weekend movie may have to wait.
2) TEACH MONEY MANAGEMENT
Kick off a saving habit: Want your kid to learn to save? Carrie Schwab Pomerantz, president of the Charles Schwab Foundation, suggests requiring a high school student to stash at least 10 percent of any income in a savings account. By the time she gets that first paycheck after college, saving should be second nature.
Ease into plastic: A recent Schwab study confirmed that teens know plenty about spending money on debit and credit cards but little about maintaining a positive bank balance and adding up compound interest. Link a debit card to your teen's savings account as a training tool, and make sure he tracks his balance.
Hey, it happens -- I've let my 6 yo watch entirely too much TV in the past month and now I am paying for it as he transitions back into school and responsibility.
I think we are all guilty of backtracking from time to time. Luckily my default word is "No," (and what SHELLY said about starting when they are toddlers is SOOOOO true!! I've seen the evidence pro and con!) so he knows he can't get away with too much lip or grief. But the next week or two is going to be rough ...JR here is something I read in this month's Money magazine. I can't find the link to it on their website but it is titled "Get Financially Fit for back to School." The first two points apply to your situation and are basically what you have heard here. But it always helps me to have "instructions" because emotions take over from time to time when they are your own kids and it is hard to be tough and see things clearly!
1) NEGOTIATE THE BUDGET.
Set Shopping Boundaries: Familes plan to spend an average of $527 this season on clothes, supplies and tech, 20 percent more than last year, according to the National Retail Federation and BIGresearch. To keep your own tab in check, take care of the essentials first, then give your teen a budget for extras and stick to it. She can decide whether to blow money on one pair of designer jeans -- or to buy three pairs of Levis.
Let your kid lead: Ask your teen to create a list of his weekly expenses such as lunch, gas and entertainment, then decide how much you will contribute. Again, leave the spending decisions to your kid. Overloading on snacks every day means the weekend movie may have to wait.
2) TEACH MONEY MANAGEMENT
Kick off a saving habit: Want your kid to learn to save? Carrie Schwab Pomerantz, president of the Charles Schwab Foundation, suggests requiring a high school student to stash at least 10 percent of any income in a savings account. By the time she gets that first paycheck after college, saving should be second nature.
Ease into plastic: A recent Schwab study confirmed that teens know plenty about spending money on debit and credit cards but little about maintaining a positive bank balance and adding up compound interest. Link a debit card to your teen's savings account as a training tool, and make sure he tracks his balance.
TripleB
Beach Fanatic
At that age, the thing you might want to do is set a monthly budget. Set an amount of $ that is available to him/her each month and be firm. The teen has to make choices on how he/she will allocate this money (prior approval by parent of course). If the child goes under budget one month, then it might be added to the next months budget. If a "special circumstance" occurs and you allow him/her to go over budget one month, then they must realize that this will be deducted from the next months budget. This would do 2 things:
1. Allows you to set an amount certain for their spending money.
2. Helps the teen realize the value of money and the choices they make.
Now...I have made a serious post and my head is about to explode...later!
1. Allows you to set an amount certain for their spending money.
2. Helps the teen realize the value of money and the choices they make.
Now...I have made a serious post and my head is about to explode...later!
Great advice TFT and TripleB.
My son has learned this summer that if he buys 2 polos on sale at Rheul, that's less than one at full price. He was so excited to discover that. He'll soon learn more of these tips when he has to budget an allowance.
And TripleB, I love your signature!!
My son has learned this summer that if he buys 2 polos on sale at Rheul, that's less than one at full price. He was so excited to discover that. He'll soon learn more of these tips when he has to budget an allowance.
And TripleB, I love your signature!!