How does it work?

My Kids' Money is a book that guides the parent through the conversation and processes necessary to equip their children with a solid foundation in basic money management concepts. The book, worksheets and other tools provide the framework, the parents provide the values and time.

Friday, May 21, 2010

Logan Hits His Goal!

Big week at the Reed household in the Banking World - Logan has managed to hoard enough cash to make a "MAJOR PURCHASE".  The last nine months have been very interesting to watch as he saved almost every penny of allowance, Christmas Cash, Birthday Cash, pennies on the street.....you get the picture.

He now has enough to buy the robot kit that he has been saving for.  This is no small amount of money.  Now we have yet another opportunity to teach - where the heck to we actually purchase this thing?  EBay?  Amazon?  A Local brick and mortar store?  Direct from the manufacturer?

There could be nothing worse than going after the lowest price, only to find out you get what you pay for with bad return policies, excessive shipping charges, restocking fees and the like. 

Here's to our kids making good buying decisions!

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