Financially Responsible Kids and February 12th Men's Meet Up
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Enzo is 6 years old and nearing 7, fast! He is bright, energetic, and
loves Star Wars. I tip my hat to Mr. George Lucas for last year alone,
we, the parents, and grandparents, easily dropped a few thousand dollars
on Star Wars Merch!
I know we parents want the best for our
kids. I'm guilty of spoiling my Son, but I am starting to see that his
consumerism is bit out of control.
Star Wars everything: book
bags, shoes, socks, underwear, bed sheets, hats, sock hats, sweaters,
Millenium Falcon drone (it's really cool), and on and on and on.
I don't mind that he has all these things, but I'm starting to feel
that the time has come to teach Enzo about money and how it works. Of
course, I have no idea how to teach that to a 6 year old and Rebekah
seems to have a better grasp on what to do and how to go about it.
She was raised with a lot more chores and responsibilities than I was. I
got paid to hit home runs, not do dishes. Truth be told, home runs are
more fun, but it didn't help set me up for life after sports
Of
course, like a man, I didn't listen to her right away and had to go out
and do my own research. In doing so, I came across this little gem,
Money Doesn't Grow On Trees, by Neale S. Godfrey. She is the President
of The First Women's bank and also a Mom.
Besides reiterating
some of Rebekah's suggestions, it also gave us some insight as to why
Money and Personal Financial responsibility should be discussed at home
and as a family.
I don't know about most of you, but I was
never taught about finances at school until I reached the collegiate
level. Funny, how you can get a CREDIT CARD or STUDENT LOAN at age 18
without ever being taught anything on financial responsibility. (guys
buy cars = debt)
Anyway, I just decided to share this with you
all, as a parent, uncle, older brother, and person just tired of seeing
young people make some poor decisions that have life long implications
on there long term financial success.
Tons of great ideas for teenagers, too.
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