muthafuckas be callin me tiny tim
Originally Posted by Hugh_Janus
Y'all got paid for doing chores? Wow. I got a pain free existence for not saying no.
My Dad has worked in banking almost 30 years, started as a teller with no post-secondary education and worked right up. He's incredibly disciplined with savings, investments, retirement planning and credit. That's not to say he's super cheap, just wise. I really look up to him for financial advice to this day.
But he was generous with me and my brother. We got the weekly allowance that was the grade we were in (maybe plus a buck or two), up until high-school when we had jobs from what I remember . In exchange we were expected to have good grades, practice music, and do a few chores. The catch was that we'd have to pay into a 'tin' kept on top of the refrigerator as forced savings. He'd match our contributions until occasionally we could afford to buy something we agreed upon. The lesson there was obvious and valuable. I'll do the same with my kids if I have them.
Huge allowances like this article mentions are ridiculous and asking for trouble. Can't even fathom what parents would think that was reasonable, but I do think giving kids a bit of money to manage and learn from a young age seems rational.
Last edited by Godfather; 02-05-2014 at 07:04 AM.
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