Here is Paige. Proud owner of her own electric quad with trailer. She purchased it for $68 (bargained down from $70) from a neighborhood garage sale with allowance and birthday money she has been saving for months. This is a big accomplishment - considering she only gets $2.00/week.
We started giving the kids allowance several years ago. It has been a great way to teach them some realities about money - like how much it buys, how to pay tithing, how to save, etc. We help them divide their money: 10% to tithing, 10% to savings, 10% to college/mission, 70% for spending. The only stipulation is that they can't buy candy with it (healthy food is OK). I have cringed more than once as allowance money was spent on dollar store toys that break in the car on the way home. I have wondered when they would figure out that they could buy something they really wanted if they could control the urge to impulse buy. Paige has been diligently saving and had the money ready when something she really wanted came along. I am so proud of her.
1 comment:
Wow Paige! Great job saving! I think this gal is living up to her family name. Kirk and Keith are cheering I am sure . . . don't buy food, buy toys!
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