Teaching Financial Responsibility - My Approach

1w ago·1 min read

Started giving my oldest an allowance tied to actual chores, not participation trophies. He wants a new bike so I laid out exactly what he needs to earn and save. No shortcuts, no handouts. His mother thinks I'm being harsh but I disagree. He's learning that money comes from work, that goals take time and discipline. That's real education right there. He's 11 and already thinking about his future differently. This is how you raise men who take care of their responsibilities.

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Comments(3)

DDannyRegular1w ago

This is exactly what we're doing with our sticker charts but we're tying it to actual rewards they pick. So glad to hear other parents ditching the participation trophy thing. It actually means something when they earn it.

GGarrettRegular1w ago

Love this approach. I do the same thing with my three and it's wild how much more motivated they are when it's directly tied to something they actually want instead of just getting paid for existing. My oldest has already earned half the money for the gaming system he wants.

PPhil M.New Dad1w ago

The balance is tricky though right? How do you handle it when he doesn't complete the chores but still needs basic stuff? I struggle with not just giving in when my oldest asks for something.