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Do Your Kids Do Chores?

June 8, 2015 By MelissaB 5 Comments

I recently saw an article on Yahoo! that said only 28% of today’s kids do chores versus 82% of kids from our generation.

I don’t know about you, but I had chores when I was growing up.  I took care of our pets, washed the dishes, and helped clean the house ALL day on Saturdays.  (I still have nightmares about cleaning each and every slat on our huge stereo.)

My kids are definitely part of the 28% of today’s kids who have chores.  My 10 year old is responsible for doing three chores a day including things like vacuuming the living room or his bedroom, emptying the dishwasher, and cleaning the bathroom.  My younger kids are 6 and 5, and they’re responsible for two chores a day including picking up their toys, cleaning their rooms, putting away clean clothes, and feeding the cat.

Kids do ChoresWe have our kids do chores because we want them to learn to be self-sufficient, and we want them to understand that there are not always people there to do things for them.  I plan to work with my oldest this summer to teach him how to prepare some basic meals.

Repercussions for Kids Who Don’t Do Chores

But what about the other 72% of kids who don’t do chores?

One of my friends had surgery recently, and she had trouble getting up to prepare her food.  Her boys are 17 and 13, but neither of them could make her anything while her husband was at work because they hadn’t yet learned to cook.  Her son had to go to the store to buy some frozen meals for her.

And herein lies the problem.  “Too often children leave home for college unable to look after themselves adequately.  They have to rely on junk food or expensive ready-made meals” (Yahoo!).

If your children do not have the most basic of skills to care for themselves, when they’re adults their lack of skills can cost them a small fortune.  You likely know of people who don’t know how to cook, so instead they fill their grocery carts with frozen meals or go out to eat every night.

Even worse, your adult child may be so cozy at home that he never leaves!

Parents Sacrifice Now So Greater Rewards Can Come Later

My guess is that many parents don’t give their children chores because training them to do chores properly takes time, sometimes a few weeks to a few months.  It can be a painful process.

Gina Gardiner, author of the Yahoo! article, states, “Many parents I believe are suffering from the ‘It’s quicker, easier and less hassle to do it yourself syndrome.’ Of course, it takes time to teach children how to do chores and a real commitment to motivate children to do the chores and understand why it’s important—but it is well worth the investment.”

I know that is why I have neglected to teach my oldest to cook and why I’m waiting to do so until the summer when we’ll have more time.  Teaching him to cook will require patience on my end (and perhaps his, too), but it will be well worth the time and effort.

Do you require your children to do chores?  If you don’t, why not? 

Filed Under: Children, Married Money, ShareMe Tagged With: chores, kids, parenting

5 Fun Ways to Educate Your Child about Money This Summer

May 12, 2015 By MelissaB 3 Comments

Ah, summer.  Your kids get to take a break from the school grind, and as a parent, you get to take a break from the homework grind.  While your child will likely have fun hanging out with friends, playing sports, going to the movies, and reading, now is the time for you to sneak in a little summer education.

Teaching our kids about money is one of the most important things we can do as parents.  What our children learn about money and see us do with money will likely affect them for years to come.  This summer, take the time to educate your children about money while making it fun.

TD Bank’s Summer Reading Program

Educate your child about moneyTD Bank has a summer reading program where your kids will earn $10 if they read 10 books.  TD Banks are mainly on the East coast, so not all kids can benefit from the reading program.  However, all kids can take advantage of TD Bank’s summer reading list for kids from Kindergarten to 7th grade.

The list is broken down by grade level, and each book suggested has a financial lesson.  For instance, one of the books for 7th grade is Money Hungry, a story about a young girl who is driven by greed.

TD Bank also has a section for parents that includes a story that you can read to children along with worksheets you can do with them.  In addition, there is a virtual stock game that your kids can play to practice investing in the stock market.

Dave Ramsey’s Financial Peace, Jr.

Dave Ramsey takes his advice and rolls it into a package for children.  Financial Peace, Jr. includes audio CDs as well as a workbook.  There are also cash envelopes, stickers, and other fun activities for kids.  This kit is for kids ages 3 to 12.  When two of my kids were 4 and 8, they loved listening to the CDs and doing the activities.

Nick Jr. Money Games and Activities

If you have little ones who are just starting to learn about money, why not try Nick Jr.’s Money Games and Activities.  These activities primarily help young kids differentiate coins and learn the value of each one.

Star Banks Adventure

T. Rowe Price has created this game as part of their Money Confident Kids program. This game will likely be appealing to kids thanks to the video game-like presentation. Parents will love that the program teaches kids about inflation, saving, spending wisely, and asset allocation, among other topics.  This game is available as an app and as an online game.

Board Games

On a long, hot summer day, nothing beats staying inside playing a board game.  Many classic board games offer your children entertainment AND financial education.  Some of my favorite for this purpose are Monopoly, Life, and Payday.

Use these activities a few times a week, and your child will not only have a fun summer, but one that is filled with financial lessons.

What are your favorite activities and games to teach your kids about money?

Filed Under: Children, Married Money, Personal Finance Education, ShareMe Tagged With: children, kids, money

Is Not Keeping Up with the Joneses Boring?

April 27, 2015 By MelissaB 3 Comments

We’ve been on a journey to pay off our debt for 3.5 years now.  At first, we were gazelle intense, but then I burned out from working too hard, so we slowed down on the debt repayment.

Last year, we moved to Arizona from Illinois, so our money became much tighter as we faced unexpected moving expenses.  (Aren’t there always unexpected expenses when making such a long move?)

To make matters worse, in the first 3.5 months of 2015, we’ve faced $5,000 in unexpected car repairs and dental bills.

The good news is that even though we haven’t made significant debt repayment progress over the last year, we’ve been able to pay for all of these most recent expenses in cash, without going further into debt.

Boring JonesesBasically, each year for the last 3.5 years, our budget has become tighter and tighter.  We’ve definitely NOT kept up with the Joneses.

Yet, we’ve not found this type of life boring.

We Appreciate Splurges More

If anything, living this way makes us appreciate a “treat” that we used to take for granted.  For instance, I homeschool my kids, and my daughters recently completed preschool and kindergarten.  They were both very excited about moving on to kindergarten and first grade, respectively, so my husband and I decided to take the family out for a treat.

We went to our favorite restaurant.  We went for breakfast, so the bill would be cheaper, and we used a $25 gift card that we had gotten at Christmas and saved.  Because we had not gone out to eat in about five months, the kids were beyond thrilled.  All of us enjoyed the meal greatly.

Because we haven’t gone out to eat in so long, doing so was a special treat.

Before we got on a budget and started paying down debt, we often went out to eat three or four times a week.  Honestly, because we did it so often, going out to eat had become boring.  Now, because we don’t do it very often, we appreciate the meal when we do go out.

Because we have simplified our lives, we are able to enjoy special occasions much more.

We Have Plenty of Fun—For Free

Just because we aren’t keeping up with the Jones and are on a budget doesn’t mean we aren’t having fun.  Just this week, my mom was in town for a visit.  We took her to a national park, which had free admission that day.  We watched artisans make homemade tortillas and weave baskets.  We listened to a local band, and we got an excellent tour of the site.  Before heading home, we enjoyed a picnic lunch on the grounds.

Last month we went to the Tucson Festival of Books.  There was so much to do (for free!) that we stayed over five hours.  We could have stayed even longer.

Going on a tight budget and deciding NOT to keep up with the Jones can be difficult at first.  Now, however, we’ve done it for so many years that we find living this way actually improves our quality of life.

 

Filed Under: budget, Debt Reduction, Frugality, Saving, ShareMe Tagged With: budget, frugal, jones, joneses

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