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Jan 22, 2019
3:13
:57
pm
WhirleyPop
All-American
Oldest is almost 10
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WhirleyPop
Previous username
Groin Squirrel
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WhirleyPop
Joined
Oct 19, 2014
Last login
May 18, 2024
Total posts
26,648 (1,629 FO)
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Messages
Author
Time
What are you doing to teach your kids about money?
WhirleyPop
1/22/19 3:08pm
That it carries bacteria.
ditch
1/22/19 3:11pm
That they should earn it and get out of my house when they can.
Carnac
1/22/19 3:11pm
It won't matter because they will not listen to me between the ages of 12 & 45
Bovine University
1/22/19 3:12pm
Dad? Is that you?
Geldir
1/22/19 3:13pm
How old are your oldest kids?
OPINIONS
1/22/19 3:13pm
Oldest is almost 10
WhirleyPop
1/22/19 3:13pm
Seems like a good time to teach about money.
OPINIONS
1/22/19 3:30pm
I told them not to count on me to help when the do stupid stuff.
boogers
1/22/19 3:13pm
Best thing is Roth IRA if your kid has some earned money.
cougfanz
1/22/19 3:13pm
This one little trick will teach them all they need to know:
The Board Imbecile
1/22/19 3:13pm
My kids 8, 6 and 4 all have a checking account (w/ debit card) and a savings
supertux
1/22/19 3:15pm
What bank did you use to set that up?
WhirleyPop
1/22/19 3:22pm
any.
molodyets
1/22/19 3:36pm
Youth checking at USAA. Savings at Ally. The savings accounts are in my name.
supertux
1/22/19 3:45pm
Teach them to earn money. Not easy work, hard work. Then to save money.
lightmann
1/22/19 3:20pm
Handing it out and if a real need and not in normal handout process
BYU71
1/22/19 3:24pm
That mutual fund for kids idea is great. Is there anything like that today?
D.T. Survivor
1/22/19 3:25pm
Here's an old article about some similar stuff.
supertux
1/22/19 4:02pm
Expense ratio of of 1.16%. They should be ashamed of themselves for hosing kids.
jvquarterback
1/23/19 11:19am
We give our kids a very large weekly allowance, but from it charge them for a lot of basic necessities. They end up
BlueFrog
1/22/19 3:27pm
I really like that idea. Haven’t heard of it being done to that extent.
RdF3
1/23/19 8:35am
my wife grew up with it. she came from quite a bit of money and her dad felt it necessary to
BlueFrog
1/23/19 9:58am
RE: What are you doing to teach your kids about money?
COCoug
1/22/19 3:32pm
Do you give them the same amount, or does it vary by age?
inertiaman
1/22/19 3:34pm
Varies by age. They have been lobbying for a raise this year but we think they
COCoug
1/22/19 3:37pm
For our teenage girls, we have a set amount that they get per month that is
ICBlue
1/22/19 3:39pm
That they can marry more in a minute than they can make in a lifetime
4th and Niner
1/22/19 3:42pm
Side note - I was once practicing putting in the basement and I asked my Dad for
WhirleyPop
1/22/19 3:51pm
Every paycheck/allowance: 10% tithing, 10% college, 10% retirement. We match
runnincoug
1/22/19 3:54pm
Pay them for certain chores, make them save their money to buy toys,
KingDave
1/22/19 3:54pm
RE: What are you doing to teach your kids about money?
sgriff
1/22/19 3:54pm
Apparently I’ve taught them that I’m an never ending supply...
CoachSpeak
1/22/19 3:55pm
It’s as easy to fall in love with a rich man’s son/daughter as it is a poor mans
NWCoug
1/22/19 3:56pm
Teach them the concept of arbitrage, and then
Iman23
1/22/19 4:06pm
The Eyres "Family Economy"
conflictedcoug
1/22/19 4:13pm
1.End the Fed 2.Restore the gold standard 3.Government money is not real money.
Skipshot
1/22/19 4:47pm
I tell them to spend the money as fast as possible. A penny saved is a penny taxed.
BYUALWAYSNUM1
1/22/19 5:08pm
Kid's books about money here's a short list.
jvquarterback
1/22/19 5:19pm
Daddy Bank is another one.
Ash
1/22/19 5:39pm
I keep my kids' investment in a Daddy Bank that grows a dollar each month and
Ash
1/22/19 5:43pm
Reduced monthly allowance from $2500 to only $1000, and I'm getting her a
Skeptical Optimist
1/22/19 5:48pm
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