Family finance, and how children learn to handle money.

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5
votes
2answers
151 views

Is rewarding hard work for chores with money necessarily a bad idea?

Growing up my parents had a system where harder chores like mowing the lawn, shoveling the driveway, and vacuuming meant that you got more money in your allowance every week. It worked great for our ...
2
votes
3answers
144 views

Is cryopreservation of sperm worth it for non-emergency “personal backup” purpose?

Last year I went to the cryogenic sperm bank and I got a few ampules of my sperm frozen. I did this for the reason that if I die anytime in the near future, and since I do not currently have ...
13
votes
5answers
6k views

6 year old son gives money away (to parent, relatives, friends)

My 6 year old son has a bit of cash. Not much, like around 10 €. We don't give him pocket money yet, and he got this money by 'chance', for example he can receive the money when we empty the pocket ...
0
votes
2answers
78 views

Are there any concrete citations for the range of expected costs of raising a child? [closed]

Past Parenting.SE questions have asked about the affordability of having a child but didn't provide a specific estimate of what it actually costs. I found this USDA report, which estimates the cost ...
3
votes
1answer
364 views

Don't know what I feel toward my parents

I am a little bit confused about the feelings I have toward my parents. Since my parents started to have some problems with money the peace in my family was gone. They started to blame their children ...
-1
votes
2answers
485 views

I am not sure how I can help my girlfriend. Looking for some guidance [closed]

SO, long story short my girlfriend has a child, age 2, from a past ex. The ex rarely visit her daughter, but majority of the time he is there to sort of flirt a bit with my girlfriend, he does not ...
15
votes
7answers
1k views

How to deal with a teenager who wants his parents to buy him everything his friends have?

How do I teach my son the value of money and to differentiate between a need and a want? The problem I am facing is that he is 19 years old, not 5 years old. He is my youngest son and to be honest I ...
8
votes
1answer
205 views

Is it fine for parents to ask for allowance from children? How to do it tactfully?

Most elderly folks do not have an income. The children's education cost a bomb and have injured their retirement funds. In traditional Asian societies, it is a norm that children repay their parents ...
4
votes
1answer
180 views

Getting paid for babysitting

I'm not sure if this is the right place to ask this question, so feel free to direct me to another site if you know where I should go. I have been babysitting/cleaning for a family for about 2 years ...
8
votes
3answers
640 views

How do you pass hand-me-downs to a younger sibling without fostering resentment?

A recent blog entry that I read discussing hand-me-downs made me wonder about what it must be like to a younger sibling who receives the bulk of their clothes and/or toys as hand-me-downs, recycled ...
13
votes
5answers
1k views

Mother in law making us feel guilty about money

We have a mother in law who always makes uncomfortable comments about things we've purchased, such as our TV. We're a single income family with two children living in an apartment. We have no debt ...
7
votes
3answers
312 views

How to kick a twelve year old's shopping “addiction”?

My family has never had much money, so I'm quite concerned about my sister's shopping habits. I assumed it was quite average behavior for a young girl to plead for money for the school book fair, the ...
3
votes
2answers
2k views

Are second-hand shoes safe to wear?

Are hand-me-down and second-hand shoes safe to wear? For adults — and especially for children. Kids' feet are always growing. When the proper precautions are taken, are second-hand shoes safe? ...
2
votes
2answers
932 views

What age should I encourage my kids to start working and earn his/her money?

At what age should I encourage my kids to go out and find a job (be it part-time or full-time) and start to earn some money and have a taste of what working life is like?
4
votes
7answers
436 views

How can I get my kids to spend wisely?

I have been giving my kids monthly allowance to buy their food (lunch) and other school materials. However, recently, I noticed they are spending their allowance on those "gundam cards" So, how do ...
11
votes
4answers
740 views

What are the biggest expenses for a new baby?

My wife is expecting, and as we plan, I want to know if there is anything that people were surprised by how expensive it is, or didn't realize they would need to pay for?
12
votes
9answers
2k views

What are the basic items we should buy to receive our new baby?

We've being looking online for a to buy list of basic items we should buy before having a baby. We are planning to move so we want to buy just the basic needs.
5
votes
2answers
148 views

What are important legal and financial steps for new parents?

What are the most important legal and financial steps for new parents in the US? For example, establishing a will, purchasing life insurance, setting up a college fund, etc...
2
votes
0answers
70 views

Money for good grades? [duplicate]

Possible Duplicate: Is bribing children with cash incentives a good idea? Is it appropriate? Good, because action-result chain is clear? To get something, you should work; your work now ...
12
votes
8answers
1k views

Can we afford to have a baby?

I'm not a parent (yet!), but the wife and I are seriously thinking about starting a family. We both really want kids, but I'm just worried about the financial strain a baby could have on us. Am I ...
18
votes
9answers
781 views

How do we teach a pre-schooler about money and shopping?

When I go to a store with my four year old son he wants to buy a lot of stuff he sees. Also he constantly claims that he needs a new toy. How do I explain to him that we can't buy everything we want?
14
votes
6answers
573 views

How should I respond to a child asking to have as much spending money as her friends do?

When a child has some close friends at school, but some of them come from relatively richer families, so they get maybe twice my child's pocket money, how should I answer when he complains and asks to ...
8
votes
4answers
5k views

Is it better to get an infant car seat or a convertible?

Is it better to get an infant car seat or a seat that converts from one stage to the next? Is there any benefit to the infant car seat that justifies paying for an infant car seat and a toddler car ...
21
votes
13answers
3k views

Are modern cloth diapers really cost efficient compared to disposible diapers?

Are modern cloth diapers such as gDiapers or bumGenius really cost efficient compared to disposible diapers? It seems the diapers themselves are quite expensive and then you have to include the cost ...
11
votes
3answers
291 views

What factors should you consider when deciding how much to pay a babysitter?

What factors do you consider when deciding how much to pay a babysitter per hour? The time of day, meals, duration, travel, etc?
18
votes
9answers
6k views

Should adults pay rent if they live in their parents' home?

If your grownup children still live at home, should they share cost of living in the common household?
8
votes
3answers
605 views

How can I teach my kids to be less egocentric?

My older kids (9 and 12) can be very me-centric. For instance, we recently won a small amount of money from a contest, my now 12 year old immediately suggested that we spend the extra money on his ...
27
votes
10answers
3k views

At what age should you start giving your children pocket money?

I think pocket money is a great method of educating your children in financing, but at what age should you start and under which condition?
49
votes
15answers
3k views

Is bribing children with cash incentives a good idea?

I pay my 5.5yo $1 if she sleeps in her own bed and take $1 in rent when she sleeps in our bed. I've also taken to offering her $1 to pick up her 2.5 year old brother's Lego messes. Good or bad? ...