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Questions tagged [money]

Family finance, and how children learn to handle money.

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73 votes
16 answers
7k views

Is bribing children with cash incentives a good idea?

I pay my 5.5-year-old $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 ...
Cade Roux's user avatar
  • 1,085
23 votes
11 answers
31k views

Is an expensive stroller worth it?

Strollers seem to come in all ranges of prices. From $100 to well over $1000 (sorry for the US-centrism, but I'd guess it is the same in other places). Given that this will probably be something that ...
luispedro's user avatar
  • 1,205
14 votes
8 answers
2k 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 ...
psx's user avatar
  • 243
11 votes
2 answers
490 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 ...
eniacAvenger's user avatar
10 votes
4 answers
2k views

How much should a 26 y.o. adult child assist their parents?

I have a friend who is a 26 year old single guy who makes a good amount of money, not six figures but a close amount. He bought a 3 bedroom house and has a solid career, and on top of his apps and ...
tmn's user avatar
  • 231
55 votes
12 answers
13k views

What are the legal, emotional, and/or behavioral repercussions of confiscating money as a punishment?

Let's assume I'm a parent and that I use this punishment, for the sake of the question. The primary punishment I use to discipline my children is to confiscate money. It seems fairly effective in ...
user avatar
29 votes
8 answers
21k 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 ...
NL49's user avatar
  • 391
25 votes
14 answers
4k 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 ...
C. Ross's user avatar
  • 1,491
25 votes
11 answers
25k 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?
user avatar
21 votes
7 answers
1k 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?
jny's user avatar
  • 2,306
15 votes
6 answers
1k 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.?
SchwartzE's user avatar
  • 351
14 votes
8 answers
4k 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.
Dori's user avatar
  • 149
10 votes
7 answers
6k 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 ...
user avatar
0 votes
3 answers
893 views

Can my mother charge me money for not doing what she says?

When I don't do the washing up, or take out the trash, or whatever when mum asks, she charges me $10. I have a job, but am 17 living at home. I am wondering if she is allowed to make up fines for ...
Fin's user avatar
  • 117