So what happens when you give a nine year old total control of “his” money? Since we introduced our new approach to allowances, it’s been interesting seeing the impact on my son, T’s behavior. When we made the switch, T was in the middle of saving for a Nintendo DS. He kept on dedicating all…
Category Archives: College
Spinning The Wheel on The Game of Life
“Mom, how much does someone working in Starbucks earn?” whispered M the other day. We were having a rare Mommy and M afternoon while T was at a birthday party and Z worked on the garden. We’d stopped at Starbucks for a treat before heading to the library. “About $8 per hour but they have…
Weekly Round-Up: May Equals Mayhem For Moms Edition
As far as I’m concerned the month of May should be renamed “Mayhem!” When you’re a parent, this is the crunch month. School goes crazy with events, big homework projects and other requests. Sports are in full swing so you’re running around making all the games and meets. There are church events and Scout events….
Talking College Loans … With a Nine Year Old
I blame Suze Orman. I read her Four Top Financial Lessons to Teach Your Kids yesterday and one of the points I took from it was the reminder (I’ve heard her loud and clear on this before) that parents should not pay for college with retirement savings or a home equity loan. It was obviously…
