Since we’ve been doing the cash budget thing (with the Dave Ramsey philosophy) for almost a year and a half, we thought it would be good to start teaching the girls, too.
Our oldest has started with her “commission” and has her Save-Spend-Give envelopes all set up. We bought the Financial Peace Jr.: Teaching Kids About Money! kit to help guide us.
She definitely gets the idea of spending, but it’s the value of the dollar we are working on now.
When we went out this weekend, we reminded her to bring her spend money just in case she wanted to buy something.
She remembered that money. And, when she saw that cotton candy come by, I think she would have spent all of her money on it.
But, when we got home, and she only had $2 left of her $6, she realized that cotton candy was a lot of money.
In the moment, it was worth it all!
Even though she spent her money on it, she was the best and sweetest big sister and shared
I’m linking up here. Go and visit their Wordful and Wordless Wednesdays.
*Once again, Dave Ramsey has no idea I’m writing about this, but Dave if you want to send something our way, we won’t turn it down.