- This topic has 270 replies, 23 voices, and was last updated 16 years, 4 months ago by
atr.
-
AuthorPosts
-
May 23, 2008 at 8:44 AM #210584May 23, 2008 at 8:55 AM #210461
CoronitaParticipantOh God, Sour Grapes, don't get your panties in wad… I don't even have kids yet.
I know how everyone feels about Kiyosaki. I am asking if anyone has really sat down with kids and played his board game. Even a blind squearl finds a nut now and then.
Temecguy, I've always loved that line from caddyshack!!! I've used it a 100 times in the last 20 years.
🙂 I made a photocopy of the board. If you want, I can send you a gif. It's not that great. Glorified monopoly.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
May 23, 2008 at 8:55 AM #210530CoronitaParticipantOh God, Sour Grapes, don't get your panties in wad… I don't even have kids yet.
I know how everyone feels about Kiyosaki. I am asking if anyone has really sat down with kids and played his board game. Even a blind squearl finds a nut now and then.
Temecguy, I've always loved that line from caddyshack!!! I've used it a 100 times in the last 20 years.
🙂 I made a photocopy of the board. If you want, I can send you a gif. It's not that great. Glorified monopoly.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
May 23, 2008 at 8:55 AM #210557CoronitaParticipantOh God, Sour Grapes, don't get your panties in wad… I don't even have kids yet.
I know how everyone feels about Kiyosaki. I am asking if anyone has really sat down with kids and played his board game. Even a blind squearl finds a nut now and then.
Temecguy, I've always loved that line from caddyshack!!! I've used it a 100 times in the last 20 years.
🙂 I made a photocopy of the board. If you want, I can send you a gif. It's not that great. Glorified monopoly.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
May 23, 2008 at 8:55 AM #210578CoronitaParticipantOh God, Sour Grapes, don't get your panties in wad… I don't even have kids yet.
I know how everyone feels about Kiyosaki. I am asking if anyone has really sat down with kids and played his board game. Even a blind squearl finds a nut now and then.
Temecguy, I've always loved that line from caddyshack!!! I've used it a 100 times in the last 20 years.
🙂 I made a photocopy of the board. If you want, I can send you a gif. It's not that great. Glorified monopoly.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
May 23, 2008 at 8:55 AM #210613CoronitaParticipantOh God, Sour Grapes, don't get your panties in wad… I don't even have kids yet.
I know how everyone feels about Kiyosaki. I am asking if anyone has really sat down with kids and played his board game. Even a blind squearl finds a nut now and then.
Temecguy, I've always loved that line from caddyshack!!! I've used it a 100 times in the last 20 years.
🙂 I made a photocopy of the board. If you want, I can send you a gif. It's not that great. Glorified monopoly.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
May 23, 2008 at 9:23 AM #210486CBad
ParticipantWhile I think it might be nice if schools taught this subject, in general, they are doing a pathetic job teaching them the basics so I don’t know how high this particular subject ranks. And yes, PE is required (somewhat) but look at the shape today’s kids are in. So I’m way past thinking schools are going to solve these problems. It starts in your home. But as we can see with a lot of anecdotal evidence here, lots of homes, ahem, SUCK, at money management as well.
No, I didn’t learn money management in school. And my parents offered a pristine example of what NOT to do with your money which I learned a painful life lesson from. My husband’s entire family are unbelievable savers and that ethic was passed down to him thankfully.
My kids get money management lessons almost daily in our house. I share pretty much all aspects of finances with them except our exact incomes. They help create shopping lists and clip and use coupons at stores. I show them how I pay bills online and the very few I write checks for and how that all works. I show them what bills we have as a household, what they are all for, and what would happen if I didn’t pay them. They know about our investments and that each of them has a college savings plan. They are excited to get bonds as gifts from family and watch them grow. They aren’t old enough to be into brand labels but when that comes I’ll simply explain that I’m spending X amount, period. You can choose this many items of clothing from this store or that one ridiculously priced item from that store; your choice. I don’t give them an allowance yet and I’m undecided on whether I will in the future (I see pros and cons). But they get paid small amounts for volunteering to do chores (beyond what they are expected to do). The money they get is almost always saved and that’s their idea. Recently we made a somewhat sizable household purchase which everyone will use. So the entire house helped save and pay for it in cash. Their contribution was pitiful of course but hopefully they learned something out of the process.
Life is the best teacher. I had a similar situation to meadandale except my father didn’t die; he just totally abandoned the family when things got rough. I had a job from the time I was 15 and I had to work full time every year of college to fully support myself and pay for my education because there was no alternative. My choices were work or be homeless and starve. It never occurred to me to seek any support and there was certainly no possible help from family to fall back on. I remember credit cards being offered in college but I never had one. To me it was like saying no to drugs. Again, it never occurred to me that it was OK to buy something I didn’t have the money for. We’re talking about an entire course in school when that’s the 2 second lesson right there: “Don’t buy what you can’t afford.” Pretty simple. I was taught nothing about how to manage personal finances in school and my parents certainly taught me zilch yet I still knew that and have never been in debt outside of modest student loans which were paid in full after graduation and a modest mortgage which will be paid off next year. And it certainly wasn’t because I was lucky.
(P.S. I buy everything with credit cards now for the points and pay them off every month. I no longer think they are evil.)
May 23, 2008 at 9:23 AM #210555ParticipantWhile I think it might be nice if schools taught this subject, in general, they are doing a pathetic job teaching them the basics so I don’t know how high this particular subject ranks. And yes, PE is required (somewhat) but look at the shape today’s kids are in. So I’m way past thinking schools are going to solve these problems. It starts in your home. But as we can see with a lot of anecdotal evidence here, lots of homes, ahem, SUCK, at money management as well.
No, I didn’t learn money management in school. And my parents offered a pristine example of what NOT to do with your money which I learned a painful life lesson from. My husband’s entire family are unbelievable savers and that ethic was passed down to him thankfully.
My kids get money management lessons almost daily in our house. I share pretty much all aspects of finances with them except our exact incomes. They help create shopping lists and clip and use coupons at stores. I show them how I pay bills online and the very few I write checks for and how that all works. I show them what bills we have as a household, what they are all for, and what would happen if I didn’t pay them. They know about our investments and that each of them has a college savings plan. They are excited to get bonds as gifts from family and watch them grow. They aren’t old enough to be into brand labels but when that comes I’ll simply explain that I’m spending X amount, period. You can choose this many items of clothing from this store or that one ridiculously priced item from that store; your choice. I don’t give them an allowance yet and I’m undecided on whether I will in the future (I see pros and cons). But they get paid small amounts for volunteering to do chores (beyond what they are expected to do). The money they get is almost always saved and that’s their idea. Recently we made a somewhat sizable household purchase which everyone will use. So the entire house helped save and pay for it in cash. Their contribution was pitiful of course but hopefully they learned something out of the process.
Life is the best teacher. I had a similar situation to meadandale except my father didn’t die; he just totally abandoned the family when things got rough. I had a job from the time I was 15 and I had to work full time every year of college to fully support myself and pay for my education because there was no alternative. My choices were work or be homeless and starve. It never occurred to me to seek any support and there was certainly no possible help from family to fall back on. I remember credit cards being offered in college but I never had one. To me it was like saying no to drugs. Again, it never occurred to me that it was OK to buy something I didn’t have the money for. We’re talking about an entire course in school when that’s the 2 second lesson right there: “Don’t buy what you can’t afford.” Pretty simple. I was taught nothing about how to manage personal finances in school and my parents certainly taught me zilch yet I still knew that and have never been in debt outside of modest student loans which were paid in full after graduation and a modest mortgage which will be paid off next year. And it certainly wasn’t because I was lucky.
(P.S. I buy everything with credit cards now for the points and pay them off every month. I no longer think they are evil.)
May 23, 2008 at 9:23 AM #210582ParticipantWhile I think it might be nice if schools taught this subject, in general, they are doing a pathetic job teaching them the basics so I don’t know how high this particular subject ranks. And yes, PE is required (somewhat) but look at the shape today’s kids are in. So I’m way past thinking schools are going to solve these problems. It starts in your home. But as we can see with a lot of anecdotal evidence here, lots of homes, ahem, SUCK, at money management as well.
No, I didn’t learn money management in school. And my parents offered a pristine example of what NOT to do with your money which I learned a painful life lesson from. My husband’s entire family are unbelievable savers and that ethic was passed down to him thankfully.
My kids get money management lessons almost daily in our house. I share pretty much all aspects of finances with them except our exact incomes. They help create shopping lists and clip and use coupons at stores. I show them how I pay bills online and the very few I write checks for and how that all works. I show them what bills we have as a household, what they are all for, and what would happen if I didn’t pay them. They know about our investments and that each of them has a college savings plan. They are excited to get bonds as gifts from family and watch them grow. They aren’t old enough to be into brand labels but when that comes I’ll simply explain that I’m spending X amount, period. You can choose this many items of clothing from this store or that one ridiculously priced item from that store; your choice. I don’t give them an allowance yet and I’m undecided on whether I will in the future (I see pros and cons). But they get paid small amounts for volunteering to do chores (beyond what they are expected to do). The money they get is almost always saved and that’s their idea. Recently we made a somewhat sizable household purchase which everyone will use. So the entire house helped save and pay for it in cash. Their contribution was pitiful of course but hopefully they learned something out of the process.
Life is the best teacher. I had a similar situation to meadandale except my father didn’t die; he just totally abandoned the family when things got rough. I had a job from the time I was 15 and I had to work full time every year of college to fully support myself and pay for my education because there was no alternative. My choices were work or be homeless and starve. It never occurred to me to seek any support and there was certainly no possible help from family to fall back on. I remember credit cards being offered in college but I never had one. To me it was like saying no to drugs. Again, it never occurred to me that it was OK to buy something I didn’t have the money for. We’re talking about an entire course in school when that’s the 2 second lesson right there: “Don’t buy what you can’t afford.” Pretty simple. I was taught nothing about how to manage personal finances in school and my parents certainly taught me zilch yet I still knew that and have never been in debt outside of modest student loans which were paid in full after graduation and a modest mortgage which will be paid off next year. And it certainly wasn’t because I was lucky.
(P.S. I buy everything with credit cards now for the points and pay them off every month. I no longer think they are evil.)
May 23, 2008 at 9:23 AM #210604ParticipantWhile I think it might be nice if schools taught this subject, in general, they are doing a pathetic job teaching them the basics so I don’t know how high this particular subject ranks. And yes, PE is required (somewhat) but look at the shape today’s kids are in. So I’m way past thinking schools are going to solve these problems. It starts in your home. But as we can see with a lot of anecdotal evidence here, lots of homes, ahem, SUCK, at money management as well.
No, I didn’t learn money management in school. And my parents offered a pristine example of what NOT to do with your money which I learned a painful life lesson from. My husband’s entire family are unbelievable savers and that ethic was passed down to him thankfully.
My kids get money management lessons almost daily in our house. I share pretty much all aspects of finances with them except our exact incomes. They help create shopping lists and clip and use coupons at stores. I show them how I pay bills online and the very few I write checks for and how that all works. I show them what bills we have as a household, what they are all for, and what would happen if I didn’t pay them. They know about our investments and that each of them has a college savings plan. They are excited to get bonds as gifts from family and watch them grow. They aren’t old enough to be into brand labels but when that comes I’ll simply explain that I’m spending X amount, period. You can choose this many items of clothing from this store or that one ridiculously priced item from that store; your choice. I don’t give them an allowance yet and I’m undecided on whether I will in the future (I see pros and cons). But they get paid small amounts for volunteering to do chores (beyond what they are expected to do). The money they get is almost always saved and that’s their idea. Recently we made a somewhat sizable household purchase which everyone will use. So the entire house helped save and pay for it in cash. Their contribution was pitiful of course but hopefully they learned something out of the process.
Life is the best teacher. I had a similar situation to meadandale except my father didn’t die; he just totally abandoned the family when things got rough. I had a job from the time I was 15 and I had to work full time every year of college to fully support myself and pay for my education because there was no alternative. My choices were work or be homeless and starve. It never occurred to me to seek any support and there was certainly no possible help from family to fall back on. I remember credit cards being offered in college but I never had one. To me it was like saying no to drugs. Again, it never occurred to me that it was OK to buy something I didn’t have the money for. We’re talking about an entire course in school when that’s the 2 second lesson right there: “Don’t buy what you can’t afford.” Pretty simple. I was taught nothing about how to manage personal finances in school and my parents certainly taught me zilch yet I still knew that and have never been in debt outside of modest student loans which were paid in full after graduation and a modest mortgage which will be paid off next year. And it certainly wasn’t because I was lucky.
(P.S. I buy everything with credit cards now for the points and pay them off every month. I no longer think they are evil.)
May 23, 2008 at 9:23 AM #210638ParticipantWhile I think it might be nice if schools taught this subject, in general, they are doing a pathetic job teaching them the basics so I don’t know how high this particular subject ranks. And yes, PE is required (somewhat) but look at the shape today’s kids are in. So I’m way past thinking schools are going to solve these problems. It starts in your home. But as we can see with a lot of anecdotal evidence here, lots of homes, ahem, SUCK, at money management as well.
No, I didn’t learn money management in school. And my parents offered a pristine example of what NOT to do with your money which I learned a painful life lesson from. My husband’s entire family are unbelievable savers and that ethic was passed down to him thankfully.
My kids get money management lessons almost daily in our house. I share pretty much all aspects of finances with them except our exact incomes. They help create shopping lists and clip and use coupons at stores. I show them how I pay bills online and the very few I write checks for and how that all works. I show them what bills we have as a household, what they are all for, and what would happen if I didn’t pay them. They know about our investments and that each of them has a college savings plan. They are excited to get bonds as gifts from family and watch them grow. They aren’t old enough to be into brand labels but when that comes I’ll simply explain that I’m spending X amount, period. You can choose this many items of clothing from this store or that one ridiculously priced item from that store; your choice. I don’t give them an allowance yet and I’m undecided on whether I will in the future (I see pros and cons). But they get paid small amounts for volunteering to do chores (beyond what they are expected to do). The money they get is almost always saved and that’s their idea. Recently we made a somewhat sizable household purchase which everyone will use. So the entire house helped save and pay for it in cash. Their contribution was pitiful of course but hopefully they learned something out of the process.
Life is the best teacher. I had a similar situation to meadandale except my father didn’t die; he just totally abandoned the family when things got rough. I had a job from the time I was 15 and I had to work full time every year of college to fully support myself and pay for my education because there was no alternative. My choices were work or be homeless and starve. It never occurred to me to seek any support and there was certainly no possible help from family to fall back on. I remember credit cards being offered in college but I never had one. To me it was like saying no to drugs. Again, it never occurred to me that it was OK to buy something I didn’t have the money for. We’re talking about an entire course in school when that’s the 2 second lesson right there: “Don’t buy what you can’t afford.” Pretty simple. I was taught nothing about how to manage personal finances in school and my parents certainly taught me zilch yet I still knew that and have never been in debt outside of modest student loans which were paid in full after graduation and a modest mortgage which will be paid off next year. And it certainly wasn’t because I was lucky.
(P.S. I buy everything with credit cards now for the points and pay them off every month. I no longer think they are evil.)
May 23, 2008 at 10:52 AM #210571jennyo
ParticipantI think the difficult family situations meadandale and Cbad describe are exactly what caused them to be more financially cautious and learn how to manage their money well. And I absolutely agree that it is the parents’ responsibility to teach this–leaving it to the schools is not a wise options these days. My parents simply didn’t make an effort to teach me. It may have been because I was a girl and even as late as 1980s in my religiously conservative family, it was simply accepted that I had no need to learn about finances, because I would get married and be a housewife like my mother and her mother before her.
I would have loved for my father, who is an extremely good saver and investor, to take the time to teach me about how finances work, how investments and compounding interest work, and why debt is bad. He raised four kids on a firefighters salary in San Diego county and retired with well over a million dollars in the bank, a 90 percent pension, and two houses owned free and clear. He still buys his clothes at thrift stores and only recently splurged on a 1998 chevy truck with leather seats. Clearly TG and others are instilling these values in their kids, and are to be commended for it.
What I went through in terms of screwing up my finances and credit may have been necessary for me personally to learn from the mistake. Had it not happened, my life may have turned out differently, but the same thing would be true if I had gone to Stanford instead of a nationally-recognized party school. It is what it is at this point.
May 23, 2008 at 10:52 AM #210640ParticipantI think the difficult family situations meadandale and Cbad describe are exactly what caused them to be more financially cautious and learn how to manage their money well. And I absolutely agree that it is the parents’ responsibility to teach this–leaving it to the schools is not a wise options these days. My parents simply didn’t make an effort to teach me. It may have been because I was a girl and even as late as 1980s in my religiously conservative family, it was simply accepted that I had no need to learn about finances, because I would get married and be a housewife like my mother and her mother before her.
I would have loved for my father, who is an extremely good saver and investor, to take the time to teach me about how finances work, how investments and compounding interest work, and why debt is bad. He raised four kids on a firefighters salary in San Diego county and retired with well over a million dollars in the bank, a 90 percent pension, and two houses owned free and clear. He still buys his clothes at thrift stores and only recently splurged on a 1998 chevy truck with leather seats. Clearly TG and others are instilling these values in their kids, and are to be commended for it.
What I went through in terms of screwing up my finances and credit may have been necessary for me personally to learn from the mistake. Had it not happened, my life may have turned out differently, but the same thing would be true if I had gone to Stanford instead of a nationally-recognized party school. It is what it is at this point.
May 23, 2008 at 10:52 AM #210668ParticipantI think the difficult family situations meadandale and Cbad describe are exactly what caused them to be more financially cautious and learn how to manage their money well. And I absolutely agree that it is the parents’ responsibility to teach this–leaving it to the schools is not a wise options these days. My parents simply didn’t make an effort to teach me. It may have been because I was a girl and even as late as 1980s in my religiously conservative family, it was simply accepted that I had no need to learn about finances, because I would get married and be a housewife like my mother and her mother before her.
I would have loved for my father, who is an extremely good saver and investor, to take the time to teach me about how finances work, how investments and compounding interest work, and why debt is bad. He raised four kids on a firefighters salary in San Diego county and retired with well over a million dollars in the bank, a 90 percent pension, and two houses owned free and clear. He still buys his clothes at thrift stores and only recently splurged on a 1998 chevy truck with leather seats. Clearly TG and others are instilling these values in their kids, and are to be commended for it.
What I went through in terms of screwing up my finances and credit may have been necessary for me personally to learn from the mistake. Had it not happened, my life may have turned out differently, but the same thing would be true if I had gone to Stanford instead of a nationally-recognized party school. It is what it is at this point.
May 23, 2008 at 10:52 AM #210689ParticipantI think the difficult family situations meadandale and Cbad describe are exactly what caused them to be more financially cautious and learn how to manage their money well. And I absolutely agree that it is the parents’ responsibility to teach this–leaving it to the schools is not a wise options these days. My parents simply didn’t make an effort to teach me. It may have been because I was a girl and even as late as 1980s in my religiously conservative family, it was simply accepted that I had no need to learn about finances, because I would get married and be a housewife like my mother and her mother before her.
I would have loved for my father, who is an extremely good saver and investor, to take the time to teach me about how finances work, how investments and compounding interest work, and why debt is bad. He raised four kids on a firefighters salary in San Diego county and retired with well over a million dollars in the bank, a 90 percent pension, and two houses owned free and clear. He still buys his clothes at thrift stores and only recently splurged on a 1998 chevy truck with leather seats. Clearly TG and others are instilling these values in their kids, and are to be commended for it.
What I went through in terms of screwing up my finances and credit may have been necessary for me personally to learn from the mistake. Had it not happened, my life may have turned out differently, but the same thing would be true if I had gone to Stanford instead of a nationally-recognized party school. It is what it is at this point.
-
AuthorPosts
- You must be logged in to reply to this topic.