I’ve mentioned in the past how my kids get a weekly allowance based on their ages (son, age 9 = $9, daughter, age 6 = $6). It’s been an inconvenience getting their allowance money to the bank. It’s never been a fun task (unlike counting the money in their piggy banks!). So now I’ve decided just to take… Continue reading Frugal Idea: How I Take Money From My Kids!
Category: Kids
Income Loss From My Wife Being a Stay at Home Mom
After posting “How I Have Lost Over Half A Million Dollars Having Kids, So Far!”, I started thinking about how many of my family and friend’s spouses work. Let me start with our parents… Both sets of parents work. All the people I know at work, their spouse works. My boss who makes at least… Continue reading Income Loss From My Wife Being a Stay at Home Mom
A Stock Market "What If" from My Youth
From the time I was 5 years old to about age 18, I had an uncle that would buy me shares of stocks every year for birthdays and Christmas. He was pretty good at it. By the time of the start of my junior year, the portfolio was worth about $15,000. Unfortunately, I was short on cash… Continue reading A Stock Market "What If" from My Youth
Kids Allowance Amount
I decided to start a weekly allowance for both of my kids after they had their 5th birthday. I basically decided to keep it simple. I just give them $1 for each year of age ($5 for my 5-year-old, $9 for my 9-year-old). Depending on how well I’m doing financially on down the road, I might increase the amounts for both kids… Continue reading Kids Allowance Amount