Thread: Kids and money.
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Old 05-11-2016, 03:24 PM   #26
DoubleF
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When I was growing up, I was forced to put aside a certain portion (50%) I think into a savings account. The remainder I could spend on whatever I wanted.

My parents would also tell me about certain things that they would not ever buy via birthday/Christmas etc. that I really wanted, but would kick in the last 10-20% as a "birthday gift" sort of deal. To this day, most of my gifts are some random small inexpensive object plus a pile of cash. This would inspire me to save up for long term "projects" and build habits like that too. I was also encouraged to spend the money on things that would last vs temporary things. I remember saving up for 4-5 months to buy a pair of roller blades. I don't remember what else I bought. Probably Lego, Knex, comics or VHS or something.
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