4 ms·
Don't have kids.. but I got paid $1 a week for doing chores, and eventually it was raised over the years, $2.. until $5. Mom helped me get a job around 14-15 ye
by mattbgates 9y ago
Don't have kids.. but I got paid $1 a week for doing chores, and eventually it was raised over the years, $2.. until $5. Mom helped me get a job around 14-15 years old and my money started being my own.
I think it definitely teaches lessons. I had to save up to get a $5 ninja turtle. That was like 5 weeks worth of work for a while! Chores included: dishes, laundry, vacuuming, dusting. I think I split them with my sister. My mom would even make me cook for myself, teaching me hot to boil pasta, cook an egg, cook steak, etc.
I can only say that it gave me all the life skills I needed to survive. Thanks mom! Thanks dad! Appreciate it! As for the value of money? Which $5 ninja turtle should I save up for? Which one was worth it the most? Which one would be able to keep me happy until I could afford the next best ninja turtle?
This logic has stuck with me and I've managed to mostly stay out of debt.. at least credit card debt for my entire life. Student loans.. paid those off. I currently just have a mortgage and a personal loan that I took out to help my girlfriend is the only major debt I have at the moment.
- rosege 9y agoThey say that one of the things that determines future success is the ability to defer spending and not have to have something instantly. So this is a good way to see how your child would do. Can they save up for something bigger and better or do they blow it all straight away.