kerravonsen: Miles: The one thing you can't trade for your heart's desire is your heart. (trade-heart)
[personal profile] kerravonsen
Y'know, I don't want to teach kids the worth of money.
I'd rather teach them the worthlessness of money.

Date: 2016-06-07 01:29 am (UTC)
phaea: (Default)
From: [personal profile] phaea
That is EXACTLY the mission I'm on with my kids!!

Date: 2016-05-03 02:01 am (UTC)
From: [identity profile] jaxomsride.livejournal.com
It's not the worth of money that counts but learning how to spend it wisely. It still boggles my mind when I see teenagers tossing coppers into the bin. Never occurred to them to donate them to the nearest charity box instead of throwing them into landfill!

Date: 2016-05-03 03:16 am (UTC)
delphipsmith: (despicable)
From: [personal profile] delphipsmith
I'm all for that.

Date: 2016-05-03 03:58 am (UTC)
From: [identity profile] izhilzha.livejournal.com
Let's teach them what it is (and isn't) good for; half the problems of young adults I've seen here in the US is not knowing how to manage one's money.

Date: 2016-05-06 01:26 am (UTC)
From: [identity profile] izhilzha.livejournal.com
It's not until your comment that I realized that there was a third way that parents perhaps did: to not give their kids an allowance (for a fixed allowance would teach kids how to budget their money), but just buy things for their kids when the kids asked for them, or just give them money when they asked for it. That, indeed, would leave the kids unable to manage money. It just never occurred to me that anyone would do something so dumb.

Yeah, until I got out into the Real World and started talking to other people my age about finances, I didn't think that could happen either. Frankly, it depresses me. *facepalm*

Ah, I see where you're coming from.

My parents did a combination. We got an allowance (frequently very, very small due to poverty), with which we were expected to learn to save, spend and tithe. We also had quite a few daily and weekly chores which we did as part of the family. Then there was a list, kept on the fridge, if I recall, of bigger chores (thinks my parents wanted to get done around the house but usually didn't have time for, like cleaning the windows) which we could choose to do during our own free time for set sums of money in addition to our allowances.

The older I get, the better I like that they did this, because it taught me to handle my money while also instilling the idea that taking the initiative to work hard is something that can and should be rewarded. ("The worker deserves his wages.")

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kerravonsen: (Default)
Kathryn A.

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