Comments on: Training Children How To Handle Finances http://www.debtfreeadventure.com/training-children-how-to-handle-finances/ Pay off debt. Save. Give. Live your mission. Wed, 08 Feb 2012 17:36:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DebtFREEk! http://www.debtfreeadventure.com/training-children-how-to-handle-finances/#comment-18 DebtFREEk! Wed, 28 Jan 2009 00:32:07 +0000 http://www.debtfreeadventure.com/?p=86#comment-18 I agree Norm, I look forward to being able to have children & teach them these important lessons. My wife & I are hoping to become pregnant soon. I'm sure I'll post it on my blogs if it happens!! I agree Norm, I look forward to being able to have children & teach them these important lessons. My wife & I are hoping to become pregnant soon. I’m sure I’ll post it on my blogs if it happens!!

]]> By: Norm http://www.debtfreeadventure.com/training-children-how-to-handle-finances/#comment-17 Norm Tue, 27 Jan 2009 23:53:02 +0000 http://www.debtfreeadventure.com/?p=86#comment-17 The 10% tithe thing is also the only thing I can guarantee I'll never change on. I do her allowance every Sunday morning so she'll have her money to put in church. It's a good opportunity (weekly) to talk about how it's not ours to begin with and we're showing thankfulness and trust by giving it back. The 10% tithe thing is also the only thing I can guarantee I’ll never change on. I do her allowance every Sunday morning so she’ll have her money to put in church. It’s a good opportunity (weekly) to talk about how it’s not ours to begin with and we’re showing thankfulness and trust by giving it back.

]]> By: DebtFREEk! http://www.debtfreeadventure.com/training-children-how-to-handle-finances/#comment-16 DebtFREEk! Tue, 27 Jan 2009 16:51:18 +0000 http://www.debtfreeadventure.com/?p=86#comment-16 Thanks Norm: Because I don't currently have any children, these principles I've listed are all theory. I'm sure my world will be turned up-side-down once I have some kids!! I'm sure you can attest to that. Once I have some children, I'll probably look back on this post, snicker a little, then update it to reflect the actual system I have in place. I'm sure it won't be all too different from what I've already written...although there will undoubtedly be some changes. The only thing that will not ever change is the 10% tithe to the church. Thanks for your comment. Thanks Norm:

Because I don’t currently have any children, these principles I’ve listed are all theory. I’m sure my world will be turned up-side-down once I have some kids!! I’m sure you can attest to that.

Once I have some children, I’ll probably look back on this post, snicker a little, then update it to reflect the actual system I have in place. I’m sure it won’t be all too different from what I’ve already written…although there will undoubtedly be some changes.

The only thing that will not ever change is the 10% tithe to the church.

Thanks for your comment.

]]> By: Norm http://www.debtfreeadventure.com/training-children-how-to-handle-finances/#comment-15 Norm Tue, 27 Jan 2009 16:25:55 +0000 http://www.debtfreeadventure.com/?p=86#comment-15 I think there's a lot to be said for letting children be children. It's for that reason that I don't take taxes or bills out of my daughter's allowance (she's 4). Our breakdown is: at least 10% to church, 20% to long term savings, 10% to short term savings (to teach to save up for medium priced things that come along) and the rest she can do with as she pleases. I honestly can't see ever doing the taxes thing. As far as bills go I think we'll probably do that a little differently. As she grows up I'll probably increase her allowance and say "Now it's time for you to pay for your own clothes" (or whatever it may be). Personally, just not a fan of charging my kid to live with me (even if I'm giving the money in the first place. I think there’s a lot to be said for letting children be children. It’s for that reason that I don’t take taxes or bills out of my daughter’s allowance (she’s 4). Our breakdown is: at least 10% to church, 20% to long term savings, 10% to short term savings (to teach to save up for medium priced things that come along) and the rest she can do with as she pleases. I honestly can’t see ever doing the taxes thing. As far as bills go I think we’ll probably do that a little differently. As she grows up I’ll probably increase her allowance and say “Now it’s time for you to pay for your own clothes” (or whatever it may be). Personally, just not a fan of charging my kid to live with me (even if I’m giving the money in the first place.

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