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@PhilMctimoney @mijustin My son saves everything and barely buys stuff. Dresses low cost from H&M/old navy (15) My daughter uses it to flip Air Jordan’s(keeping some) her clothing bought at thrift stores (14).
@mijustin It doesn’t seem to work until age 13. We increase $ as they get older. Regular family contributions are expected. The teaching was more around managing money. We drive and facilitate. Mobile plan is under me. Not super rigid.
@mijustin Let them manage money. We give monthly money where they buy almost everything. Clothes to toothpaste, mobile. They run out of cash and go without. They have to manage and plan and they don’t run out anymore. Now using extra money to start a business https://t.co/MVz09cKXvy