Thursday, June 17, 2010

"Train up a child in the way he should go and when he is old, he will not depart from it."
--Proverbs 22:6

It has been our goal to work with Reese with money and chores and the lessons that can be learned from that.

Dave Ramsey has a "Financial Peace for Kids" and we bought it for Reese last year. It is for ages 3-12.

We decided to wait until we were all back together to start it.

Basically, it teaches them to work for "commissions" to earn money. They learn that their first portion goes to Christ, the next portion goes to savings and the rest is spending.

Reese has 4 daily chores, each of which he earns $0.25 for.
-picking up his toys
-putting his clothes in the dirty clotes
-setting the table (placemats and silverware)
-taking out the trash with Garrett (he takes his own little bag each day)

After each chore is accomplished, he earns a quarter and we mark it off of his chart.

His first quarter always goes into the "Give" envelope. He calls it his "Jesus" envelope.

Next, is his "Save" envelope.

He is currently saving $8 for some spaceship pool toys he saw at Outdoor World with Garrett.

And the last is the "Spend" envelope.

There are consqeuences as well.

We are working on fits and being disrespectful.

So anytime he goes to Time Out, he must pay back to us a quarter from any envelope except his "Jesus" envelope.

He's done good so far, until today.

He had to give back two quarters for going to time out twice.

He cried and cried and begged not to give them back. There were promises..."I don't want to yell at you mommy" and "I jus wanted to pway my dame (game) wif you daddy".

He is excited and enthused about it....but more than that, I hope he will learn some very valuable lessons as he grows and we do, too.

No comments:

Post a Comment