Thursday, October 9, 2014

Day 9: 31 Days of Kids and Money

Oh my word today's favorite 31 day series is so close to my heart.  As a family who strives to make smart financial decisions, it is definitely something that my husband and I want to instill in our children.  So today's series is one written by Kimberly over at Living in the Sweet Spot.  Today's 31 Days of favorites is:  31 Days of Kids and Money.

If you are raising children, then this is a MUST read.  This is series is all about teach children the value of a dollar, and the biblical principals about financial stewardship, giving, saving, and wise spending.  It starts out by the parents sitting down to address their own debt, and developing a family financial mission statement.   Quite a few of the posts contain free printables and resources that parents can use in their teaching. 

Its actually kind of funny because Brant and I were discussing giving Emmalee money just the other day.  If you read my first 31 day post, then you might remember the behavior chart at Emmalee's school.  I am a big believer in praising and rewarding children for going above and beyond...especially if its for great behavior.  With the number of pink and purple days that have been rewarded for, I'm afraid that keeping ice cream in my freezer may make me gain back the 20 lbs that I've lost, so we started discussing a new "system."  I said that I thought we should reward her with $1 for each pink day, $0.50 for each purple day, then $0.25 for each blue day.  Brant thought that might get a little expensive if she starts getting pink a lot - that could potentially be $5 a week just for good behavior.  However, my thought process is that it was a perfect opportunity for us to reward her for good behavior, but also teach her important lessons in money management.

So needless to say, I'm so very excited to put many of these posts into practice, and I hope you can too!

1 comment:

Kimberly Amici said...

Thank you so much for sharing my 31Days Kids & Money series. This is one of my favorite topics to write about it and hope to get back to doing it some more.

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