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Tuesday, November 15, 2016

Raising smart successful children is tough...

We've been through a lot in the last 5 months. We've moved to a new city, the kids are attending a new school, and my husband a new job. AHHH!!!  It's been hectic to say the least.

Now that we are kind of settled I've just been trying to teach my children valuable lessons when I can. Lately I've felt the kids being too dependent on devices and not really wanting to help out around the house. I've felt very frustrated and just tired of yelling and repeating myself over and over and over again!!

My mom gave us a Dave Ramsey Financial Peace Jr. kit she got from work. She thought it was a financial game. It's something I wanted to do with the kids but since we were moving and going through everything the last 3 years I never really got around to it. We've moved 3 times in the past 3 YEARS!! We would see the box sitting around and the kids would say "I want to play that" and I'm like "yeah we'll get to that".

Cut to maybe a year later and I finally figured out what it was. I found out it isn't really a game but a system to help teach your kids about work, spending, saving and giving.

I do well with instructions and how to's. I can follow guidelines pretty well. In fact I prefer to have help because I don't consider myself the best of teachers. As you will see if you watch the 18 minute video down below.  (I know it's long, but these are things I want my kids to retain)

So a couple things.

I'm really excited to teach my kids about saving for what they want instead of us just buying everything they want. I want them to feel good about working hard for money and then saving for something they want and buying it themselves.  I also want them to learn how to work and be the type of employee that goes above and beyond because that's what they've been taught.

So I bought 2 more of these systems for each of my children and we sat down and started this during family home evening one night. If you want to watch how we introduced it watch down below.

I have an 8 year old a 6 year old and a 2 year old. If I can give you any advice it would be that each child learns at their own pace. My 8 year old I've noticed has really been learning quickly after one pay day he's learned that if he wants the Skylander IMaginator video game he's gonna have to work hard. He's been determined everyday to do chores.

My 6 year old on the other hand wants a guinea pig, but isn't willing to work as hard to make the commission to earn it. I am not going to push her but hope one day it sinks in as we are diligent in keeping up with this system. It requires a bit of work on our parts in remembering to get cash every friday, but I think it's worth it and I feel so much better about giving them money when I know they've worked hard to get it.

This system is for 3-12 year olds, and I know my youngest is 2 but I am not expecting her to do much right now. In fact I'm not expecting much from any of them, I'm giving them the system and while I will try to motivate them, the success is ultimately up to them. If they don't do chores, they don't earn commissions it's as simple as that. I don't hound them, I don't remind them, they do it or they don't.

I like that there are activity books with this system that we worked on together, we still have 3 lessons to go but I think as they do their chores each week having those lessons helps them understand a little better as they are doing it.

It's great. Anyway I will probably blog about how the system goes in a few weeks or vlog the event when my oldest makes enough to buy that video game. (he's already decided if he makes $10 a week he can buy the game he wants in 6 weeks)

If you're interested in this system and have questions feel free to leave a comment and I will respond.

I also have seen people do basically the same thing on Pinterest but make up their own charts and stuff and I think that works great too.

The guide book that comes with the system explaining everything and also buying the book Smart Money, Smart Kids, by Dave Ramsey helps.

I'm not getting paid to write this post, but I just think I needed someone to help me because I never learned these lessons as a kid.  Yeah my parents made me work and do chores, and yeah I had jobs, but no one taught me how to be smart with my money. Something I wish I was better at myself.

And in an ever increasing dependent on credit world we live in, I want my kids to be savvy and smart with money.




Parenting is hard, I'm constantly thinking of ways and things to teach my kids, and again I'm not very good at it.  I take it one day at a time. Some days you win, some days you lose, and some days you lose your mind. Haha.

We're all just doing the best we can right?!






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