In yesterday's post, I mentioned teaching the kids about finances.
L and I have been meaning to start an allowance system, and I believe we'll start when S turns 10 next month.
It will be a simple plan which I've seen out there on the internets. It will include 3 jars, labeled Savings, Spending, and Sharing. Each child will get a dollar for each year of their age, each week. They'll be forced to put 50% in savings, 40% in spending, and 10% in sharing. We will set up a few age applicable chores that must be completed before getting their allowance.
I'll create a ledger for each child and they'll have to keep track of their balances. This will help prove to S that you do in fact need to know math in real life, contrary to her thoughts while she's doing her math homework.
That's all for today. Enjoy it.
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