Comments on: Kids Budget Game Only Four Quarters http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dan http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-45506 Dan Fri, 17 Sep 2010 12:07:37 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-45506 That's a great, simple way of explaining money management! It's so important for parents to teach their children fiscal responsibility so they don't end up as fiscally IRRESPONSIBLE adults. I urge everyone to get involved with the Junior Achievement program or help get it into their schools. It is a K-12, 5 week program that teaches money management, entrepreneurship and how economics work. In times like this, that change so quickly, this education is more vital than ever. That’s a great, simple way of explaining money management! It’s so important for parents to teach their children fiscal responsibility so they don’t end up as fiscally IRRESPONSIBLE adults. I urge everyone to get involved with the Junior Achievement program or help get it into their schools. It is a K-12, 5 week program that teaches money management, entrepreneurship and how economics work. In times like this, that change so quickly, this education is more vital than ever.

]]> By: Parents Should Teach Kids Finances, Not Just Schools http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-39995 Parents Should Teach Kids Finances, Not Just Schools Mon, 12 Apr 2010 12:23:10 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-39995 [...] kids a four-quarter budget lesson. It’s a simple exercise, but helps kids understand that money is finite. If only Congress [...] [...] kids a four-quarter budget lesson. It’s a simple exercise, but helps kids understand that money is finite. If only Congress [...]

]]> By: Poplar http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-35288 Poplar Tue, 15 Dec 2009 13:25:33 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-35288 Great article. We'll be putting these in practice. Great article. We’ll be putting these in practice.

]]> By: MOI http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-24263 MOI Mon, 11 May 2009 15:42:06 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-24263 I would teach that paying your tithe comes first, and then all the others areas fall into place. It's important to teach our kids the difference between a tithe and an offering. I would teach that paying your tithe comes first, and then all the others areas fall into place. It’s important to teach our kids the difference between a tithe and an offering.

]]> By: grownandremember http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-24150 grownandremember Sat, 09 May 2009 00:10:50 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-24150 My parents had a somewhat unique way to give us our allowance as children. We got 5 dollars per week and we had to split it up this way: $1 we could spend any way we wanted $1.50 had to go to our college savings account $1.50 had to be placed in a long term savings container (this is the fund which we purchased bigger items from like my bike (with birthday money included) or a video game) $0.50 presents (so we always had money to spend on gifts when necissary) $0.25 had to be donated to church and finally the kicker... $0.25 went to a FAMILY TAX (this money went to funding a family event that benifited everyone like a movie, or pizza night) My parents had a somewhat unique way to give us our allowance as children. We got 5 dollars per week and we had to split it up this way:

$1 we could spend any way we wanted
$1.50 had to go to our college savings account
$1.50 had to be placed in a long term savings container (this is the fund which we purchased bigger items from like my bike (with birthday money included) or a video game)
$0.50 presents (so we always had money to spend on gifts when necissary)
$0.25 had to be donated to church
and finally the kicker…
$0.25 went to a FAMILY TAX (this money went to funding a family event that benifited everyone like a movie, or pizza night)

]]> By: Time Management For Dads | 21st Century Dad http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2912 Time Management For Dads | 21st Century Dad Mon, 02 Jun 2008 12:27:31 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2912 [...] Every day is payday, but you only get 24 hours. This temporal currency is subject to inflation upon the birth of a child. You pay one third to Mr. Sandman. One third goes to your job. Varying amounts go toward family obligations. With what we have left over, we have to watch the ball game, get our video game fix, socialize with our peers, and engage in our hobbies. This reminds me of how Frugal Dad taught his daughter about money with only 4 quarters [...] [...] Every day is payday, but you only get 24 hours. This temporal currency is subject to inflation upon the birth of a child. You pay one third to Mr. Sandman. One third goes to your job. Varying amounts go toward family obligations. With what we have left over, we have to watch the ball game, get our video game fix, socialize with our peers, and engage in our hobbies. This reminds me of how Frugal Dad taught his daughter about money with only 4 quarters [...]

]]> By: Quick Takes - 5/17/2008 at Ray Fowler .org http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2499 Quick Takes - 5/17/2008 at Ray Fowler .org Sat, 17 May 2008 20:43:47 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2499 [...] Dad shows how to teach your kids about money with only 4 quarters. “By giving my daughter something tangible to represent our income she was able to understand [...] [...] Dad shows how to teach your kids about money with only 4 quarters. “By giving my daughter something tangible to represent our income she was able to understand [...]

]]> By: Andy http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2416 Andy Thu, 15 May 2008 05:20:04 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2416 Just stumbled across you blog on TheSimpleDollar. This post is a very good idea! I kind of wish my Dad would have given me my allowance like this. For example, he would give me 10 dollars and I would have to give him 3 dollars for "taxes" and another two to put into savings and a dollar or two for charity, leaving me with 4 to spend on candy and other kid stuff. I have had a job ever since the age of twelve when I delivered newspapers. I am 25 now. Can you imagine how much money I would have NOW if I would have learned at the age of twelve to only spend 1/4th of my money on non-essentials?? I think that if America is to have a strong economic future, EVERY SINGLE kid should be taught something like your 4 quarter lesson. Awesome! Just stumbled across you blog on TheSimpleDollar. This post is a very good idea! I kind of wish my Dad would have given me my allowance like this. For example, he would give me 10 dollars and I would have to give him 3 dollars for “taxes” and another two to put into savings and a dollar or two for charity, leaving me with 4 to spend on candy and other kid stuff.

I have had a job ever since the age of twelve when I delivered newspapers. I am 25 now. Can you imagine how much money I would have NOW if I would have learned at the age of twelve to only spend 1/4th of my money on non-essentials??

I think that if America is to have a strong economic future, EVERY SINGLE kid should be taught something like your 4 quarter lesson. Awesome!

]]> By: The Simple Dollar » The Simple Dollar Weekly Roundup: Greatest Hits Vol. 1 Edition http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2379 The Simple Dollar » The Simple Dollar Weekly Roundup: Greatest Hits Vol. 1 Edition Wed, 14 May 2008 14:01:53 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-2379 [...] Teach Your Kids About Money With Only 4 Quarters This is actually pretty clever, and you could do it in parallel with a “four bank” system of saving, where your child has four banks - one for spending anytime, one for saving for something big, one for charity, and one for gifts for others. (@ frugal dad) [...] [...] Teach Your Kids About Money With Only 4 Quarters This is actually pretty clever, and you could do it in parallel with a “four bank” system of saving, where your child has four banks – one for spending anytime, one for saving for something big, one for charity, and one for gifts for others. (@ frugal dad) [...]

]]> By: Welcome MSN Readers! | Frugal Dad http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-1679 Welcome MSN Readers! | Frugal Dad Tue, 22 Apr 2008 21:22:59 +0000 http://frugaldad.com/2008/02/21/teach-your-kids-about-money-with-only-4-quarters/#comment-1679 [...] Teach Your Kids About Money With Only 4 Quarters [...] [...] Teach Your Kids About Money With Only 4 Quarters [...]

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