As financially-focused parents, we want to ensure that our kids learn the value of money. Our twins recently turned five years old and the topic of allowances is back on my mind. Rather than try to invent everything from scratch, I reached out to the experts on the Rockstar Finance Forums to see how others have made things work in their families.
We kicked off this year with a goal to buy nothing new. Last month, we made a big decision - to finish up our home updates and put our house on the market. This month, we worked on getting our remodeling done while also celebrating our twins’ birthday. It was a crazy busy month!
Our 6-year-old daughter has been planning the details of her very first lemonade stand for the last week. Today we finally let her loose. I was excited about her entrepreneurial spirit and to see what lessons she’d learn through the experience. Little did I know that I’d be learning plenty of lessons of my own along the way.
Let’s play a game. I’m going to give you a word and I want you to think about how that word makes you feel. No planning out what you’ll say - just note the first feeling you can identify.
We currently live in an 1892-square foot, 4-bedroom, 3-bathroom home in the suburbs. We’re incredibly blessed to be able to afford a home like this and the updates we’ve made based on my wife’s vision have made the space even better. So why have we spent so much of the last few years with half of our house empty or closed off?