tag:blogger.com,1999:blog-9754349.post5678911902677433031..comments2024-01-08T23:30:31.859-08:00Comments on A Momma and the Boys Living on a Budget: Teaching kids about moneyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9754349.post-66211362679051472022012-04-04T04:41:41.096-07:002012-04-04T04:41:41.096-07:00This is a timely post for me as my children and I ...This is a timely post for me as my children and I just finished a local piggy bankers course and my husband and I want to start getting more serious about teaching them good stewardship. Neither of us grew up with allowances, but we are considering them as a way to help teach the kids about earning, management, etc.martiannehttp://traininghappyhearts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-9754349.post-33928149246472489202012-03-18T01:00:29.403-07:002012-03-18T01:00:29.403-07:00My son is now 18, but I have always had my son do ...My son is now 18, but I have always had my son do chores and to earn money and not only does it build a work ethic, it can teach math, saving and budgeting. <br /><br />An unexpected by-product of this is he has learned to become a skilled negotiator/barterer. We were at a garage sale when he was 5 and he wanted 3 toys that were 50 cents each and he only had $1. He asked me for 50 cents and I told him no. He went to the lady running the garage sale and said "These are 50 cents each and I only have a $1; thats a problem. She laughed and asked why he thought he should get a discounted price. He went on to explain why Batman, Robin and one of the Power Rangers needed to stick together to overcome evil and gave examples. She sold him the 3 items for $1. <br /><br />To this day he has worked out deals (with permission of all parents involved) to trade things with his friends that he wanted that they no longer did for something he had and no longer wanted. Additionally, as he has been in an automotive program through his high school for over a year, he trades doing certain tasks in exchange for items.Kathrynhttps://www.blogger.com/profile/11985172095662387958noreply@blogger.com