What the Kids Are Worth - Oct 2017

What the Kids Are Worth - Oct 2017

September was a great month for our family!  We implemented a new paid labor system (based on this book I read), the stock market was kind to us all, and we setup new money folders for the kids where they can keep their graphs, doll hairs, and wish lists (I'll share this at another time).  On top of it all, Jr and Lil didn't spend any of their money! 

The Kids' Net Worths

At the beginning of each new month, I go into their money stashes and count up how much the kids have.  (New goal... make them count.)  I enter that number, along with their investment data, into my spreadsheet to get a snapshot of their net worths.  

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We Never Fight About Money, Do You?

We Never Fight About Money, Do You?

It's been such a long time since Mr. Sense and I had an honest to goodness disagreement about money.  I'm not even talking about a yelling and screaming fight (can't say that's ever happened).  Nope, I mean just a plain and simple heated debate... I can't remember a single one.  We never fight about money.

Life has been this way for so long that I really take it for granted.  I forget that "normal" couples fight about money.  It's so interesting how people become accustomed to the great things in their lives and begin to see them as a given, a constant, rather than one of the fresh and exciting aspects of life.

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Book Review: The MoneySmart Family System

Book Review: The MoneySmart Family System

I almost wrote a post entitled "Why I think tying allowance to chores is stupid" (or perhaps a nicer version of that sentiment).  We had been giving our kids a couple of dollars a week as allowance.  This was happening no matter what chores they did or did not do.  My justification of this situation went something like this:

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Kids & Marketing: Strong Roots vs. The Geico Car

Kids & Marketing: Strong Roots vs. The Geico Car

On the way home from school one day Jr. Sense, who's 8 years old, asked about a random car next to us that was plastered with the huge letters of G-E-I-C-O.  It really caught his attention.  

Here's the conversation we had about it:

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My No-Budget Guide to Personal Finance: Part 3, The Monthly Review (with FREE spreadsheet download)

My No-Budget Guide to Personal Finance: Part 3, The Monthly Review (with FREE spreadsheet download)

The month of August is over and we just finished our monthly review!  This month's review included new spreadsheets and charts for the kids. All spreadsheets and charts below have their values changed to protect the guilty.  It's the process that's important!

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