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Viewing profile - grinnell

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grinnell
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Joined: Mon Dec 03, 2012 8:17 am
Last visited: Tue Mar 11, 2014 11:26 am
Total posts: 16
[0.02% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 14 Posts / 87.50% of user’s posts ]
Most active topic: Kids and Money
[ 14 Posts / 87.50% of user’s posts ]

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grinnell Posts

Search found 16 matches
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Author Message

 Forum: Personal Development   Topic: Kids Activities

 Post subject: Kids Activities
Posted: Fri Dec 20, 2013 9:11 am 

Replies: 10
Views: 4190


I have been agonizing about this for some time and need some feedback. I am a very frugal person and my wife grew up in a very poor family. We scrimp and go without most luxuries. I drive a 22 year old car that I fix mostly myself. That said, we have two children -- a son and a daughter. The daughte...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Wed Dec 05, 2012 4:08 pm 

Replies: 31
Views: 3811


How to figure out whether a kid really wants to learn an instrument and put in the necessary work is one of the great mysteries of the universe. She is in 7th grade now and has been playing violin since kindergarten. She has been playing piano for about 5 years, I suppose. It's not like she wants t...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Wed Dec 05, 2012 2:43 pm 

Replies: 31
Views: 3811


What I mean by this is that instead of saying "no" all the time to her requests, turn it around on her so she can start learning problem-solving and money management skills. When she says she wants something, sit her down and encourage her to come up with ways to prioritize what she wants...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 8:00 pm 

Replies: 31
Views: 3811


But you can only let them know what is allowed via the budget. It is hard not being able to fit in that way, but once they hit college, most likely they will have a better grasp on how the real world works, and be better for it. ps - did you go to Grinnell college? Hi gypsy -- thanks for sharing yo...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 7:52 pm 

Replies: 31
Views: 3811


You still have an issue with her wants & I don't envy your situation of having to say no all the time. Tough spot to be in. Tightwad -- yes, to be honest it is hard to say no all the time. As a parent you want your kids to have stuff, especially stuff they want. I suppose one of the reasons why...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 7:47 pm 

Replies: 31
Views: 3811


Not sure if it will work for you, but I told my son whatever he had left over at the end of the week I would double and he could keep.. The cunning wee ratbag made sandwiches every day and I had to fork out another $20 :lol: Hi Skiwi -- what lessons do you find your son learned from that? Anything ...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 7:44 pm 

Replies: 31
Views: 3811


Hi Grinnell. The good news is there is still time. She is after all 12. ;) Have you sat down with her and done the math for her to understand how much she can spend each day at school? I also agree with others saying to "no" to her every now and then would be good. Have you considered doi...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 7:41 pm 

Replies: 31
Views: 3811


I can see how she feels with her age and social group. I think being honest about your finances is the best lesson to teach her. I grew up very middle class and I was never allowed to shop in designer stores... it was the sales rack in the department store if anything. When going to the mall with f...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Tue Dec 04, 2012 7:34 pm 

Replies: 31
Views: 3811


catch -- Thanks for the moral support. My wife and I have three houses we rent and one of the tenants is a young woman who recently told me that while she used to always buy at the brand name stores she has now gotten hooked on shopping at Goodwill. The trigger? Now she has to pay for her own rent,...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Mon Dec 03, 2012 7:45 pm 

Replies: 31
Views: 3811


So take a breath and relax. She's 12, and while you're right that this sort of behavior can develop into a nightmare she also has a lot of developing and maturing to do. catch -- Thanks for the moral support. My wife and I have three houses we rent and one of the tenants is a young woman who recent...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Mon Dec 03, 2012 2:07 pm 

Replies: 31
Views: 3811


College is just a few years away. Have you talked with her about paying for college? Even if you intend to pay it, maybe get her to start thinking about where her fun money will come from. Homework -- both you and tightwad hit the nail on the head. Both my wife and I are terrified if we cannot some...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Mon Dec 03, 2012 2:00 pm 

Replies: 31
Views: 3811


Sounds like you & your wife (and your son) have your financial lives on the right track but the daughter marches to the beat of her own drum. The logical reason for her behavior must be coming from her schoolmates. I would continue to impress upon her that mommy & daddy aren't doctors &...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Mon Dec 03, 2012 10:25 am 

Replies: 31
Views: 3811


No kids here so maybe not the best source of parenting advice. But you are teaching your daughter some very important lessons: 1. Money grows on trees, or perhaps sprouts in daddy's wallet. 2. Breaking rules has no consequences. 3. Irresponsible behavior is rewarded. If you want to change the behav...

 Forum: Personal Finance   Topic: Kids and Money

 Post subject: Re: Kids and Money
Posted: Mon Dec 03, 2012 10:12 am 

Replies: 31
Views: 3811


Good Day -- my wife and I are just about at wits end. Our daughter, age 12, seems to be an endless black hole of wants. At least once per day it seems she comes up with something new she wants. Yesterday it was a private skating coach. Every single day it is something new. I was furious last week b...
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