This past Sunday night I sat down to pay some bills when much to my surprise I opened the check and found a $1,000,000 check made out to our nine year old son. Not surprisingly, it was written in his own handwriting. When I flipped to the next check, it was made out to our [...]
I’ve been thinking about ways to teach our kids more about the value of money. When it comes to such abstract notions, we’ve found that it’s far better to give them a bit of real world experience than it is to just talk to them. So… When we went out to a local pizza joint [...]
As many of you know, we’ve developed a fairly effective allowance system for our kids. Each week we sit down and pay our kids in proportion to their age ($0.50/week for each year of age), which gets split into charity (10%, which goes to the charity of their choice), long term savings (30%, which gets [...]
Welcome to the 55th edition of the Carnival of Personal Finance. Before we jump in, I just want to say a few words. First of all, if you’re new to Raising4Boys, then welcome! This site is a joint venture between my wife and myself (in case you don’t know, I also run a personal finance [...]
I’ve written in the past about teaching kids about money in general, and our allowance system in particular. With regard to the latter, we provide each of our boys (except our toddler) with an allowance of $0.50/week for each year of age, meaning that our eight year old gets $4/week, and so on. We then [...]
Worried about overpopulation? Well, in Korea they’re worried about underpopulation due to an overall birth rate of just 1.08 kids per woman. So what are they doing about it? Among other things, a number of financial institutions have begun offering perks to couples that have kids. For example, you can get a 2% discount on [...]
It’s late May, and school is almost out… In other words, it’s time to start thinking up some extra activities to keep the kids busy. With this in mind, I thought that it might be worth sharing the following… Did you know that theaters often have free (or very nearly so) morning movie showings geared [...]
If your kids are anything like ours, then they love to play with LEGO. Unfortunately, if you stop by just about any toy store, you’ll find that LEGO prices are incredibly high (with a street value like that, they might as well sell ‘em by the kilo). This makes it virtually impossible to build a [...]
We did our taxes a couple of weeks ago and, once again, we ended up paying an astonishingly small amount… When all was said and done, we paid just 3.7% in net federal taxes (that’s our net tax divided by our adjusted gross income). While we had a number of deductions (mortgage interest, flexible spending [...]
For all you money savvy parents out there (or those who wish to be), have we got a deal for you… A free 12 month subscription to Smart Money magazine. This offer is brought to you by Lenovo, which is the company that bought IBM’s personal computer business. Just follow this link and enter your [...]
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