Maggie's allowance

[celticdragonfly]

So it has been decided that since Maggie is doing a lot more household work and helping with her baby sister, she's now getting a small allowance every week. Since we're concerned that she'd either lose it or that Jamie would take it, not knowing what it really was, we're not actually handing her cash. Instead, selenite has set up a spreadsheet on his computer with her account, and will add money to it every Saturday.

She's VERY excited about this. We're trying to teach her about savings. Right now, at the end of each month she'll get 10% interest on what she saves.

We've talked about saving up for something she wants. Mostly, she wants to save up for her own computer. She's so excited at the idea. I told her that will take a LONG time to save up for. Fortunately, fordprfct can build computers from components, so it won't be as long a wait as if she had to save for a prebuilt one. I don't know if she'll be up to the wait or not. I expect there will eventually be some parental matching, if she does a good job saving.

Comments

[mawychick.livejournal.com]

Careful on the matching - My dad told me he'd match me for a horse and when I went to him and said, "I think I have enough.." I gave him quite a surprise;)

Gypsy is still with us today;)

[celticdragonfly.livejournal.com]

Well, we do want her to have a computer eventually.

Actually, I'd love for the family to have a horse or two. But it's the upkeep costs more than the initial costs that are problematic.

[mawychick.livejournal.com]

You could actually probably easily get an old computer for her on freecyle.

[celticdragonfly.livejournal.com]

Eh, she wants to play World of Warcraft with us. An old computer isn't going to handle that well.

[mawychick.livejournal.com]

nope, it isn't. She's How old now?! I'm sure she's completely capable, I just don't think I'd put any Thought into younglings playing it!

[celticdragonfly.livejournal.com]

She's six. She already watches us play, and has gotten to learn a lot about the game, and gets to "help" with bits. But also, it's going to take her a long time to save up for even half a computer!

[thatcrazycajun.livejournal.com]

Or if you want her to learn a marketable skill as well as a life skill like saving, you could help her pick out components for a PC and teach her to build her own... :-)

[celticdragonfly.livejournal.com]

I figured she'd come along on the trip to Frye's and help pick out the components, heavily guided by fordprfct. We'll have to see if he's willing to deal with teaching her. Probably depend on what age she is at the time.

[ndrosen.livejournal.com]

Be careful, if you keep up that 10% per month, Maggie may in due course become able to buy a computer. Or your house.

[hopeevey.livejournal.com]

Dude! The matching savings deposits are brilliant :)