Saturday, June 25, 2011

Real money

Our kids are doing great at saving their money in order to buy something.

Kieran saved up and bought his own computer. He did all of the research and picked all the parts and assembled it at home with his dad.

All three boys have been saving for an XBOX 360 since Christmas. They just got it this week along with a few games and another controller and flash drive for extra memory.

They all still have money left.

We are trying to instill good money habits with our kids. We don't want them in debt like we are. We have learned our lesson about credit cards the hard way.  Jason and I weren't taught to save, we were taught to establish credit....

Kieran works with Jason and earns money and now has his own bank account. The other kids have saved money from Holidays and Birthdays so far.

We are providing the example of a good work ethic and to save and pay cash because then it is yours, you own it!

Kieran's computer is awesome and he did it all and now the boys finally have a new game system.

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