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.

Sunday, April 3, 2011

A kick in the butt, and hitting the reset button

First, the kick in the butt, as in motivating me to get back at writing this, and staying connected to this project.  If you end up reading this, thank you David, for asking me about my blog.  Telling the story for the first time in a while helped me get off my rear end and do a couple things:
  • Write this entry
  • Get caught up with the kids' allowance.

Despite what you may think, I am actually human, and sometimes things slip through the cracks.  Allowance, and the corresponding lessons that go with it, has been one of those things for the last 60 days.  No excuse really, I mean it does not take that long if I do it every week, and I have certainly found the time to watch an NCAA tournament game or two (congratulations to SDSU on a great season!).  All of that aside, today was catch up day.  We executed on a virtual banking day, skipping the actual processing of each of the 6 weeks of allowance that was overdue and just posting it to their statements. 

My son has quite a bit of money in his Giving account.  I informed him today that it was use it or lose it time.  He needs to find a cause he wants to support with at least a portion of the $80 that has accumulated there.  I am giving him until the end of the school year to figure out what to do with 50% of the cash, or it all reverts to me to distribute.  This is a hands-on learning exercise after all.

Last note for today - I'm still that guy that has the crazy emergency kits.  This weekend I checked the smoke detector batteries with my battery tester.  Better safe than sorry!

Talk to you later.