My 7-year old wants a job. Well, let me rephrase that. My 7-year old needs a job because he wants an iPod Touch and a flat screen TV for his room for Christmas….neither of which this Santa plans on putting under the tree.
My husband and I sat him down and made him a deal. If he saved his money, he could buy whichever expensive toys that he wants no matter how we really feel about them. His money, his choice.
While we don’t disperse a weekly allowance, he does receive a few dollars here and there throughout the month: helping with yard work, getting a good test grade, etc. We told him that if he made a goal to save up those dollars instead of blowing them on small indulgences like Slurpee’s at 7-11, that before he knows it, he’ll have plenty saved for his big purchase. [Read more...]


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