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Will that Christmas money ever be gone?

January 14th, 2008 at 05:14 pm

At BJ's a cool new jump start computer game caught my sons eye...I didn't want him to get it (seemed too easy for him) and was relieved to discover it cost $17...he didn't quite have enough. His sister on the other hand...she had plenty for her grade version and snatched it up. GMC found a different Carmen game for only $8.

Now I am sitting here with two new computer games wondering if those kids will ever run out of money! They already put a little more than %20 in savings and about %10 for we are just at the 'wasting money' phase...I don't mind them wasting their own money...if it weren't for the fact that I have to store the stuff they buy (or toss it when it breaks)

5 Responses to “Will that Christmas money ever be gone?”

  1. nanamom Says:

    Computer games dont take up alot of space and it sounds like they do the right thing with most of it. Maybe you can get them hooked on a "big " thing like a vacation and have them save for it.
    Or maybe just see how much they can save in a year. Get a really big container and see if they can fill it. Then let them spend it on a really big deal thing like a trip.

  2. koppur Says:

    I like that you had the kids saving 20% and put aside %10 for a donation. A lot of parents don't teach their kids that, and, let's face it, that's how some of us got in debt in the first place!

  3. JanH Says:

    I sorta wondered with my kids if spending some money is a good thing. They get to find out if things are worth what they paid for them. Maybe, they'll get to be discriminating. Don't know what ages that would kick in, but we allowed some just spend it your way money hoping that would help them see that principle. They aren't great savers yet cos we didn't insist on saving a portion. You're very smart about that. But I think they are a little more careful on what they do spend it on. Seems so anyway.

  4. Broken Arrow Says:

    Yeah, I share the same concern with Jan as well, but I don't know what the answer is....

    All I know is that, so long as they're younger than 18, their needs are provided for. But until they finally face reality and realize the true need for money....

    It's all a strategy on wants.

    Perhaps that will be enough, and they will be able to extend those habits into adulthood.... Or perhaps they need something better.

    I'm not sure yet.

  5. princessperky Says:

    I agree that letting them waste some money is a good thing... a chance to learn what works and what doesn't, and to learn you can't have your cake and eat it too...I just wish it were less painful for me Smile

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