Comments on: Teaching Kids About Money: Lead by Example

By: familyonbikes

familyonbikes — Fri, 30 May 2008 02:48:29 +0000

I totally agree – kids learn by watching Mom and Dad. We’ve been saving for a while so that we can quit our jobs and take off traveling the world with our kids. My boys rarely ask for things any more – they’ve seen that we are all living frugally, and that’s OK.

We will be taking off in 10 days for a 2 1/2-year journey riding our bikes from Alaska to Argentina. We can’t wait to get on the road and get rid of all the trappings of modern society!! and – think about what our boys will learn!!

YOu can read about our journey at http://www.familyonbikes.org

By: Lucian's Mommy

Lucian's Mommy — Thu, 29 May 2008 16:05:52 +0000

My fiance and I have often discussed how we will raise our children in regards to money. We want to lead by example and since we were just blessed with a baby boy we decided to stop making excuses and we are attacking our debt (dave ramsey style) and we hope to have everything paid off and paid for by the time Lucian is old enough to begin learning about money.

By: Mrs. Accountability

Mrs. Accountability — Tue, 20 May 2008 01:40:34 +0000

I found your blog through the 153rd Carnival of Personal Finance. I didn’t receive allowance as a child, and my mother, in my opinion, was unable to set a good example. I was always critical of the way she handled money, and knew I could do a LOT BETTER! Granted there wasn’t a lot of it with seven children. I either inherited the sense to handle money from my maternal grandmother (she tracked her money to the PENNY), or it was the good ol’ “I’m NEVER going to do what my parents did, if I have to do the exact opposite.” I was also unable to give my children allowance when they were growing up. I still haven’t been able to decide if this has affected them negatively or not. I do wish I had been able to give them allowance, because I wished I’d had one as a child.