Comments on: Money Management Advice From My 9 Year Old. http://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Neal Franklehttp://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/#comment-31659 Neal Frankle Sun, 22 Feb 2009 04:34:42 +0000 http://www.mytwodollars.com/?p=1933#comment-31659 Thanks Joe. I had a similar experience growing up. My daughters have had it pretty easy for the last 18 years and now we are being very honest about what we can and can not do. It is, as you thought, bringing us closer. Thanks. I really appreciate your sharing. Thanks Joe. I had a similar experience growing up. My daughters have had it pretty easy for the last 18 years and now we are being very honest about what we can and can not do. It is, as you thought, bringing us closer.

Thanks. I really appreciate your sharing.

]]> By: Joseph Taylorhttp://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/#comment-31651 Joseph Taylor Sat, 21 Feb 2009 15:11:12 +0000 http://www.mytwodollars.com/?p=1933#comment-31651 As a younger man, I was always under the impression that I would never have to worry because my father owned a small business. He always made it seem that everything was downhill. When I was in High School, he would hint at things to me, almost half-whispered, that things were going to get tough. So I stopped using the gas card, and cut back on any extra things that cost him money. Finally, it dawned on me that he was losing his business. I went from having college paid for, to not having a clue what to do. I didn't go to college immediately after high school. I worked for one year, and realized I needed to get my butt to school. So, I got in my car one day and headed over to the tuition office at the local community college and got my first loan for school. Boy, let me tell you...when you are paying for it...it means a LOT more. Because I didn't jump right into a big 4 yr university, I was able to skip the party scene, maintain a 4.0 GPA and get into an even better school than I would have with my dad's money. I am more appreciative of what he did for me growing up, than I probably would have been if I would have rode the wave of daddies money. I believe, when a father and a child experience a situation like that together, it creates a new type of relationship. Almost a partnership. Call me crazy, but I believe that this economy will bring you and your family closer than ever. I know what the hard times did for me. Best of luck. Really enjoy reading your stuff. Joe As a younger man, I was always under the impression that I would never have to worry because my father owned a small business. He always made it seem that everything was downhill. When I was in High School, he would hint at things to me, almost half-whispered, that things were going to get tough. So I stopped using the gas card, and cut back on any extra things that cost him money. Finally, it dawned on me that he was losing his business. I went from having college paid for, to not having a clue what to do. I didn’t go to college immediately after high school. I worked for one year, and realized I needed to get my butt to school. So, I got in my car one day and headed over to the tuition office at the local community college and got my first loan for school. Boy, let me tell you…when you are paying for it…it means a LOT more. Because I didn’t jump right into a big 4 yr university, I was able to skip the party scene, maintain a 4.0 GPA and get into an even better school than I would have with my dad’s money. I am more appreciative of what he did for me growing up, than I probably would have been if I would have rode the wave of daddies money. I believe, when a father and a child experience a situation like that together, it creates a new type of relationship. Almost a partnership. Call me crazy, but I believe that this economy will bring you and your family closer than ever. I know what the hard times did for me. Best of luck. Really enjoy reading your stuff.

Joe

]]> By: Rob Willishttp://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/#comment-31633 Rob Willis Fri, 20 Feb 2009 02:16:43 +0000 http://www.mytwodollars.com/?p=1933#comment-31633 Great article Neal. As parents it is our responsibility to help our children understand what is going on in the world today. We need to help them adjust their attitude towards money, and let them know that even more so in these tough economic times, we have to be responsible for our money, and help them to understand that they must learn to save and spend their money wisely and not give in to impulse buying. Great article Neal. As parents it is our responsibility to help our children understand what is going on in the world today. We need to help them adjust their attitude towards money, and let them know that even more so in these tough economic times, we have to be responsible for our money, and help them to understand that they must learn to save and spend their money wisely and not give in to impulse buying.

]]> By: Neal Franklehttp://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/#comment-31601 Neal Frankle Wed, 18 Feb 2009 15:48:09 +0000 http://www.mytwodollars.com/?p=1933#comment-31601 Nice job Miranda! Nice job Miranda!

]]> By: Mirandahttp://www.mytwodollars.com/2009/02/18/money-management-advice-from-my-9-year-old/#comment-31600 Miranda Wed, 18 Feb 2009 15:23:07 +0000 http://www.mytwodollars.com/?p=1933#comment-31600 Great advice! As always, sensitive issues like this should not be avoided in the home. Kids are going to hear about it elsewhere, and it is much better if they hear about it -- especially with regard to your individual situation -- from you. We've been talking to our 6-year-old a little bit about saving more and cutting back expenses so that we won't be as affected if something happens down the road. He's been thinking more about what he wants to do with his allowance money as a result. Great advice! As always, sensitive issues like this should not be avoided in the home. Kids are going to hear about it elsewhere, and it is much better if they hear about it — especially with regard to your individual situation — from you. We’ve been talking to our 6-year-old a little bit about saving more and cutting back expenses so that we won’t be as affected if something happens down the road. He’s been thinking more about what he wants to do with his allowance money as a result.

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