Comments on: The Kids’ Fun Fund – Our Alternative To Allowance http://www.ncnblog.com/2009/03/20/the-kids-fun-fund-our-alternative-to-allowance/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: John http://www.ncnblog.com/2009/03/20/the-kids-fun-fund-our-alternative-to-allowance/comment-page-1/#comment-154428 John Sat, 28 Mar 2009 03:22:18 +0000 http://www.ncnblog.com/?p=2304#comment-154428 That is an interesting alternative to the traditional allowance. I like how it teaches sharing among siblings; might have to try it when my kids get old enough. That is an interesting alternative to the traditional allowance. I like how it teaches sharing among siblings; might have to try it when my kids get old enough.

]]> By: SJ http://www.ncnblog.com/2009/03/20/the-kids-fun-fund-our-alternative-to-allowance/comment-page-1/#comment-152911 SJ Fri, 20 Mar 2009 22:09:12 +0000 http://www.ncnblog.com/?p=2304#comment-152911 That's a pretty elegant solution. Especially the "forced" tithe and sharing. Now the question becomes is if wealth redistribution bad =) That’s a pretty elegant solution. Especially the “forced” tithe and sharing.

Now the question becomes is if wealth redistribution bad =)

]]> By: When You Own Stuff Stuff Owns You http://www.ncnblog.com/2009/03/20/the-kids-fun-fund-our-alternative-to-allowance/comment-page-1/#comment-152874 When You Own Stuff Stuff Owns You Fri, 20 Mar 2009 13:17:49 +0000 http://www.ncnblog.com/?p=2304#comment-152874 Outstanding practice! Teaching your children that work equals reward and even that the reward is not always immediate. They are lucky to learn these lessons early in life. My sons are all grown men now and gainfully employed! When they were younger we established a clothing fund for each of them and gave them permission to purchase whatever clothing they wanted with the money. We required them to have at least one nice outfit to wear to church and other functions but beyond that they could get anything they wanted. They very quickly learned about opportunity cost when they considered buying those Michael Jordan shoes at $170 a pair. They realized the impracticality of this and always opted for shoes that were reasonably priced. Christmas wish lists became opportunities to add to their wardrobe and clothing was truly appreciated when received as a gift. My sons discovered the incredible values that could be found at thrift stores and they still shop there today! Teaching your children a work ethic and the value of a dollar will pay them and you rich rewards today and for the rest of their life! Outstanding practice! Teaching your children that work equals reward and even that the reward is not always immediate. They are lucky to learn these lessons early in life.

My sons are all grown men now and gainfully employed! When they were younger we established a clothing fund for each of them and gave them permission to purchase whatever clothing they wanted with the money. We required them to have at least one nice outfit to wear to church and other functions but beyond that they could get anything they wanted.

They very quickly learned about opportunity cost when they considered buying those Michael Jordan shoes at $170 a pair. They realized the impracticality of this and always opted for shoes that were reasonably priced. Christmas wish lists became opportunities to add to their wardrobe and clothing was truly appreciated when received as a gift. My sons discovered the incredible values that could be found at thrift stores and they still shop there today!

Teaching your children a work ethic and the value of a dollar will pay them and you rich rewards today and for the rest of their life!

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