Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Teaching School Age Children about Money
Old 12-10-2007, 10:28 PM   #1
Recycles dryer sheets
Join Date: Nov 2007
Posts: 149
Teaching School Age Children about Money

For those of you who taught your kids about money in a more systematic way, what did you do? DD is 10. She's had her allowance for a while... VERY little... 10 dimes a week. She has three jars, 1 dime in the SHARE jar, 1 dime in the SAVE jar, and 8 dimes in the SPEND jar. SHARE is for offering, gifts, etc. SAVE is for whatever she's saving for at the moment. She also gets birthday and Christmas money from grandparents.

We have the normal discussions about not buying impulsively, waiting for a sale, etc. When she knows she has to spend her money at the store, she will sometimes decide that she doesn't need the item, obviously compared to when we are buying it for her. There are other times when we're open to buying something for her (like a hair band at Target), and she'll decide she doesn't need it, so I think she's on the right track about making decisions, at least in a 10 year old mind.

But when do we introduce other things to her, and what are those other things? She has money in a CD that DH is in charge of (and he's bad at it! - always forgets to check for better rates). She has a savings account with me, so she sees the amount growing because of the interest, albeit extremely low.

Is there a good book to consider? What else?
retiringby50 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Teaching English Overseas. Maximillion Other topics 32 07-07-2010 12:39 AM
School me on schools justin Other topics 26 04-03-2007 06:15 PM
Teaching TCOB Skills TromboneAl Other topics 4 10-27-2006 08:37 AM
Transition to Teaching Arc FIRE and Money 16 09-06-2006 11:23 AM
Question on teaching kids streamjp Hi, I am... 14 08-25-2005 12:51 PM

» Quick Links

All times are GMT -6. The time now is 02:03 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.