Questions tagged [money]

Family finance, and how children learn to handle money.

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2
votes
2answers
727 views

How much time, energy, and money should an adult child give to struggling parents?

I've got a friend who is asking me for some advice. He does very well. He is 26, owns a house, and has a really good technology career. However, his dad spent four years trying to find work and ...
10
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2answers
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 ...
5
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4answers
5k views

Should an adult pay rent to his child? [closed]

I always read about if adults should pay rent to their parents. For example, in this question. I also know that it's not easy to give one specific answer, there are even cultural matters involved. ...
24
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14answers
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 ...
10
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1answer
2k views

My son has been offered money by a classmate, if he would pull down his underwear

My son, B., has a close friend, G., and a class mate, M. They are all eight years old. It has come to my attention that M. has offered G. money, if G. would hit himself. G. did and used the money to ...
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1answer
205 views

What is the average cost difference per year to raise a infant before schooling?

Bring in a new human being into the world and need to do some budgeting. Southern California, suburb of a major city. One income household with both parents. Don't know who will be watching the ...
10
votes
2answers
423 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 ...
14
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5answers
9k 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 ...
-1
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2answers
402 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 ...
14
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8answers
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 ...
21
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7answers
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?
11
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1answer
698 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 ...
9
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3answers
749 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 ...
5
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7answers
905 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
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4answers
2k 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?
2
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0answers
92 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 is ...
10
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3answers
2k 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 ...

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