Comments on The Balance Beam: Money Matters at Any Age

I'm teaching my nephew money management skills...

2012-01-18T09:49:54.422-05:00

I'm teaching my nephew money management skills and how to create a budget. I don't want him to 'repeat' financial patterns he may have learned from his parents; I'm trying to dissolve the 'money blueprint' he may have been programmed with during early childhood. Luckily, he's a saver. At 15, he has a part-time job and thinks about his financial future. He's a good kid.

If you don't mind hearing from someone who has...

2011-10-20T16:39:43.585-04:00

If you don't mind hearing from someone who has "been there, done that, and then some" I'd like to tell you about two very lovely women who grew up in a home where boundries were enforced. When they were young, their allowance was based on age and savings had to be a part of their "budget." As they grew older, the rules changed. For example: when they were in high school, lunches were $1.00 a day. So on the first of the month, each of them received $30. (Yes, I know that's more that a months worth of lunches but it was also consistent.) If they ran out of money before the end of the month, they had to fix "brown bag" lunches until the first of the next month. Every month, one of them had money left over at the end and one of them ran out long before the end. Today is not much different - one of them has managed their money and saved for the future and the other only partially so. To this day, that's pretty much the same pattern in spite of all my efforts to teach them how to be responsibile. Sometimes nothing works. M

It's never too early to teach them money and t...

2011-10-18T21:30:34.686-04:00

It's never too early to teach them money and the responsibilities that come with it. They are off to a good start and future. Now if only we can all do that the credit card companies will all go down and the world will be a lot happier!

Hi Charlene Thanks for stopping by my blog. http:/...

2011-10-16T12:49:48.918-04:00

Hi Charlene
Thanks for stopping by my blog. http://mylittlehouseoftreasures.blogspot.com/ I take it you haven't found the follow button yet. You have to either refresh your page or go to the very top bar where you sign into your blog and hit the follow button there.
Hope you find it. :)
Have a great day.
Darlene

I just wanted to let you know I found your blog th...

2011-10-12T20:07:54.914-04:00

I just wanted to let you know I found your blog thru the blog hop and am now a follower and would love to have you follow me. My blog is http://griperangsbookmarks.blogspot.com

Following back from tne 99% exposure blog hop. lov...

2011-10-12T18:17:52.766-04:00

Following back from tne 99% exposure blog hop. lovely post.thanks for linking up with us.

Very helpful indeed. As a mother of two toddlers, ...

2011-10-11T01:41:05.168-04:00

Very helpful indeed. As a mother of two toddlers, I need to start applying this tips, they will help me a great deal. Thanks for stopping by, returning the favour.

new follower from http://realadventuresfromamomof3...

2011-10-10T21:28:39.696-04:00

new follower from http://realadventuresfromamomof3.blogspot.com/. It's great to find new blogs to read.getting to Would love a follow back.

I think you are so wise. So many kids have no ide...

2011-10-10T17:41:23.663-04:00

I think you are so wise. So many kids have no idea what either money or shared chores for the family are all about. How can you expect a kid to manage in college or in the world if mom has always washed his clothes and paid for her "toys" and incidentals.

Good tips for starting a discussion and a program. No surprise there!!

Hi there Following you via GFC from the weekly blo...

2011-10-10T14:29:15.950-04:00

Hi there
Following you via GFC from the weekly blog hop.
Hope you come and visit me.
http://mylittlehouseoftreasures.blogspot.com/

This is exactly what I do with my kids too! I giv...

2011-10-10T12:30:03.670-04:00

This is exactly what I do with my kids too! I give them $10 a month and it is to teach them fiscal responsibility. Every time they ask for something I respond with "Do you want to buy it with your money?" SOOO many times the answer is no. :)

Here's my very similar post on this topic: http://savingtoberich.com/2011/03/money-smart-tip-1-how-to-stop-the-mom-can-i-have/

Great tips, I'm going to do this sit w/my fami...

2011-10-10T11:39:42.949-04:00

Great tips, I'm going to do this sit w/my family and let them see where we could crunch!! TFS

Thakns for all the great comments! I will be visi...

2011-10-10T09:47:52.512-04:00

Thakns for all the great comments! I will be visiting you!

Good tips. It's tough to teach kids the value...

2011-10-10T09:37:29.485-04:00

Good tips. It's tough to teach kids the value of money and how far it can or can not go.

Hi! I'm so excited to follow you - I found you...

2011-10-10T09:00:01.095-04:00

Hi! I'm so excited to follow you - I found you through the Exposure 99% weekday hop. Especially love the name of your blog - my main goal in life is to succeed at finding the balance:)

Whenever my children see something in a store and ...

2011-10-10T08:54:41.191-04:00

Whenever my children see something in a store and want it badly, I always ask, "Did you bring your wallet?" They have been trained that pressuring me for something unearned does not work. LOL!

I remind them that budgeting is an extremely important skill to learn. Since we have an older crowd, hubby and I have discussed getting the Dave Ramsey program that's geared toward teens. For now, I love the idea of playing the budgeting game you mentioned. I'll even let them design the spreadsheet.

We're not above occasional bribery or incentives. My 13-year-old received $270 in birthday money in July and quickly spent most of it. He prepaid $5 for a video game that will be released in November and must pay the remaining $55 + tax on his own. My husband, ex-husband, and I have all offered a $5 each in bonus cash if he actually achieves his goal of saving $60 for over 3 months. That would be a small miracle for this kid and for that, we'd gladly give him a little extra. All bets are off if he comes up short though.

Following you from Exposure 99% hop. Please follow...

2011-10-10T08:48:09.723-04:00

Following you from Exposure 99% hop. Please follow back! And maybe we have a book or two to interest you!

All Best,

Carolyn

You are really on point. I love this post. Yes mon...

2011-10-10T08:28:22.559-04:00

You are really on point. I love this post. Yes money matters at all age. Thanks for sharing this tips with us and also thanks for linking up in Exposure 99% weekday hop, looking forward being part of your blog.

i have always been one for paying a buck to get th...

2011-10-10T07:53:55.751-04:00

i have always been one for paying a buck to get the dishes done, but you are right. that is family stuff, and if i cook and clean, you will wash. and with that i become a follower

Great tips. I need a budget! Please visit Mom Blo...

2011-10-10T06:19:03.486-04:00

Great tips. I need a budget!
Please visit Mom Blog Society to find out how to get your blog featured. We need mom bloggers like you!
www.momblogsociety.com

These are all great tips! Returning you visit and...

2011-10-09T21:45:18.944-04:00

These are all great tips! Returning you visit and stumble!

HAHA.. While reading your post I over heard my mom...

2011-10-09T10:59:58.443-04:00

HAHA.. While reading your post I over heard my mom and sis discussing about ways to do budgeting. LOL. really i buy so much and at the end of month im no better than a beggar. oops.