- Joined
- Jul 10, 2022
- Messages
- 5,287
I never saw any other way. My mom just told me my cousin who’s a chiropractor in Silicon Valley stole some money from my uncle cuz he has no clients and can’t make rent. How sad. I’ll drive a truck if I lost my job. I’d do what I have to but I’d never ask my mom for a penny. They have fixed incomes and no longer work. I’m able to.I think it’s great. We do the same with our two older kids. That said, here’s where I’ll be the contrarian… I don’t know about rates by you, but that strikes me as a little stingy for your own kid.
I was making $20/hr around town for lawn work, and more for snow, back in the late 90s in northern NJ. I saved enough that with my parents’ match, I got a new S-10 ZR2 in 1998. And I was saving in IRAs, CDs, Etc.
We make our kids help us around the house. They don’t get paid, or an allowance for that.
But for other stuff, like helping me on car projects, or when I was rebuilding my garage, they earn. But we pay them enough that they don’t have to be slaving away every hour of the day to get stuff.
Point is, it’s great that you’re making kids work, appreciate the value of money, and what it takes to get something. But at the same time, they need to be kids too. Not entitled kids, not rude kids… but kids all the same.
So you may want to match their savings, or give them a bonus![]()
I will admit I don’t see my son who is 10 having any hardships or tough lessons and I just hope we can instill values in him.
He has no idea. I’ve deposited every gift he’s gotten into a UGMA and he has almost 8 grand. When I was his age I had about $400. I hope he doesn’t squander it at 18….
Interesting comment at work. I mentioned my wife’s gf’s son has to try out for the hockey team again. Must be nerve wracking. Coworker said I bet the kid doesnt give a **** it’s the parents who are nervous. Maybe?
