Comments on: Making Your Kids Save Half the Money They Are Given http://www.financegetspersonal.com/2008/03/25/making-your-kids-save-half-the-money-they-are-given/ Personal Finance Blog of a Girl Trying to Get Out of Debt and Change Careers Tue, 02 Dec 2008 05:00:18 +0000 http://wordpress.org/?v=2.5.1 By: financegirl http://www.financegetspersonal.com/2008/03/25/making-your-kids-save-half-the-money-they-are-given/#comment-108 financegirl Thu, 27 Mar 2008 02:35:58 +0000 http://financegetspersonal.wordpress.com/?p=75#comment-108 Whew, that's a relief. Wouldn't want to be the "evil stepmother." :) I don't recall ever having a savings account (or even a piggy bank) as a kid. Finances weren't really something that was discussed in my family. I'm hopeful that our generation will be more open and proactive about finances with our kids. Whew, that’s a relief. Wouldn’t want to be the “evil stepmother.” :)
I don’t recall ever having a savings account (or even a piggy bank) as a kid. Finances weren’t really something that was discussed in my family. I’m hopeful that our generation will be more open and proactive about finances with our kids.

]]> By: QL Girl http://www.financegetspersonal.com/2008/03/25/making-your-kids-save-half-the-money-they-are-given/#comment-107 QL Girl Wed, 26 Mar 2008 19:20:38 +0000 http://financegetspersonal.wordpress.com/?p=75#comment-107 I think its awesome what you're doing! I don't have kids, but I recently gave my cousin similar advice. She's in college, working part time, and other than her phone has no expenses (on scholarship, and gets food for free at work). She thought it was a great idea, and I hope she sticks with it! I guess everyone is different, but I would think if a kid starts early enough it'll just be one of those things "everyone" does, and he won't think twice. I think its awesome what you’re doing! I don’t have kids, but I recently gave my cousin similar advice. She’s in college, working part time, and other than her phone has no expenses (on scholarship, and gets food for free at work). She thought it was a great idea, and I hope she sticks with it!

I guess everyone is different, but I would think if a kid starts early enough it’ll just be one of those things “everyone” does, and he won’t think twice.

]]> By: ldub http://www.financegetspersonal.com/2008/03/25/making-your-kids-save-half-the-money-they-are-given/#comment-106 ldub Wed, 26 Mar 2008 13:30:18 +0000 http://financegetspersonal.wordpress.com/?p=75#comment-106 it sounds like it's getting to be habit for him, so that's fantastic - it'll prob. always stick with him, no matter what. he'll get a little windfall as an adult and be like, "half to savings... " as a reflex, rather than an afterthought! wish that worked for me! i, on the other hand, was the tightwad kid - my dad said i squeezed every penny so hard he thought i was hoping it would turn into a dime! but seriously, i was so tight with money, and then i went totally spendthrift as an adult! now that i'm working so hard on debt repayment, i've swung back to the tightwad mode. i think, though, that if my parents had basically insisted that half of my money go into savings and half needed to be spent on something fun (or saved up for a specific bigger purchase), i might have had a more moderated approach. hard to say! it sounds like it’s getting to be habit for him, so that’s fantastic - it’ll prob. always stick with him, no matter what. he’ll get a little windfall as an adult and be like, “half to savings… ” as a reflex, rather than an afterthought! wish that worked for me!

i, on the other hand, was the tightwad kid - my dad said i squeezed every penny so hard he thought i was hoping it would turn into a dime! but seriously, i was so tight with money, and then i went totally spendthrift as an adult! now that i’m working so hard on debt repayment, i’ve swung back to the tightwad mode. i think, though, that if my parents had basically insisted that half of my money go into savings and half needed to be spent on something fun (or saved up for a specific bigger purchase), i might have had a more moderated approach. hard to say!

]]> By: make art every day http://www.financegetspersonal.com/2008/03/25/making-your-kids-save-half-the-money-they-are-given/#comment-105 make art every day Wed, 26 Mar 2008 11:35:50 +0000 http://financegetspersonal.wordpress.com/?p=75#comment-105 i think it's a great idea. i'm trying to work on some kind of plan for my 4 and 6 year olds. right now they get money from relatives and can't wait to spend it on a piece of plastic. i let them spend some, but i don't have savings accounts for them yet. i'm working on it, though. i think it’s a great idea. i’m trying to work on some kind of plan for my 4 and 6 year olds. right now they get money from relatives and can’t wait to spend it on a piece of plastic. i let them spend some, but i don’t have savings accounts for them yet. i’m working on it, though.

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