Friday finances

Avatar for jamblessedthree
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Registered: 10-23-2001
Friday finances
572
Fri, 03-22-2013 - 6:55am

So I heard a lot of chanting at school yesterday about tomorrow (today) being pay day, Woot!  Ha, That doesn't mean a lot to me but some of those teachers make good money and b/w that and the slip ins about money in a couple threads here I thought a thread would be fun..

How often are you/your DH paid

Do you discuss finances with your children?  To what extent?

Are you a spender or a saver

 

 

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iVillage Member
Registered: 01-08-2009
Fri, 03-22-2013 - 7:15am
DH and I are both on 9 month contracts, so we get paid monthly nine times er year. Unless one of us gets a grant or teaches summer school, we have no salary coming in three months a year. We taught our children financial literacy from a fairly early age. We tend to be savers, but have no problem sending money on necessary things or occasional splurges. For instance, we are planning a trip driving across western Canada this summer. Most of the trip we will stay in cheap motels, but at the end we are planning on staying at a nice (read expensive) B&B for four days. We will still keep the average hotel expense to less than $100 per night.
iVillage Member
Registered: 12-07-2003
Fri, 03-22-2013 - 7:20am

How often are you/your DH paid  Twice a month

Do you discuss finances with your children?  To what extent? A little bit.  Things like, if we buy this thing this month, we can't buy that thing until next month. We need to start doing allowances. DD is finally big enough to understand money a little bit.

Are you a spender or a saver Probably more of a spender than a saver, although I've gotten better and I've never been super crazy with the spending. 

iVillage Member
Registered: 03-22-2013
Fri, 03-22-2013 - 7:27am

jamblessedthree wrote:
<p>So I heard a lot of chanting at school yesterday about tomorrow (today) being pay day, Woot!  Ha, That doesn't mean a lot to me but some of those teachers make good money and b/w that and the slip ins about money in a couple threads here I thought a thread would be fun..</p><p>How often are you/your DH paid</p><p>Do you discuss finances with your children?  To what extent?</p><p>Are you a spender or a saver</p>

1.  I'm not really sure.  Gene took care of all of that before he died and now Daddy's got it all in hand.

2.  No.  All my children are girls, so there's no need.

3. Saver.  It would be hard for daddy to find me another husband if it's known I was foolish with my allowance.

Avatar for jamblessedthree
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Registered: 10-23-2001
Fri, 03-22-2013 - 7:34am

Twice a month is payday for both DH and me.

Conversations about money are typically about the value of a dollar, They don't know how much their daddy makes and I'm of the opinion that kids don't need to know but that mindset probably comes from an upbringing where it was rude to ask how much you/or anybody made. They've had savings accounts since infancy and we contribute to those monthly and their investments each quarter and they get that concept of savings. My oldest is 15 and spending is really begining to hit home, She'll say things to me like you don't care what I wear then (when I deny I request for 50.00 shorts or a millionth tshirt for school, Lol!) and in return she hears me say that when she gets her own job and socks part of it away she can spend the rest wherever she wants, She never argues that.

DH and I are more savers than spenders, That leaves for a pretty boring life I know.

 


 


iVillage Member
Registered: 01-08-2009
Fri, 03-22-2013 - 7:53am
Jamblessed, have you thought about giving your daughter a clothing allowance and letting her buy her own clothes with it? We started doing that with my older one when he wanted new this that and the other thing every few weeks. We just gave him a quarterly allowance and let him decide just how important that new jacket or pair of shoes really was.
iVillage Member
Registered: 08-22-2009
Fri, 03-22-2013 - 8:13am

.How often are you/your DH paid

He gets paid monthly.  I get paid weekly.

>Do you discuss finances with your children?  To what extent?

Only to the extent it concerns them.  Lately it has been their finances that have been talked about.  DD2 just had surgery so we have talked a bit about the financials of it.  We have also talked the financial aspect of DD1 journey with her.  We do not want her to stress out over money so have told her we are ready to step in whenever we are needed.  She has pretty good insurance. a lot of leave time and money in savings so it looks like we will not have to step in until she gets to a point that she may have to take unpaid FMLA, which probably will happen at one point.

>Are you a spender or a saver

When we met I was a saver and DH a spender.  Over the years we have met somewhere in the middle where I am will spend more on things that give pleasure  and he will hold back on spending. 

Avatar for jamblessedthree
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Registered: 10-23-2001
Fri, 03-22-2013 - 8:46am

bordwithyou wrote:
Jamblessed, have you thought about giving your daughter a clothing allowance and letting her buy her own clothes with it? We started doing that with my older one when he wanted new this that and the other thing every few weeks. We just gave him a quarterly allowance and let him decide just how important that new jacket or pair of shoes really was.

She doesn't suffer and when she shops she does get to select what she wants, I determine what price point I won't go over.   I'm a little more generous about jackets/coats but those likely become presents if there's a real need - she got an insulated jacket last Christmas.

 


 


Avatar for BeaArthurisMyReligion
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Registered: 02-20-2013
Fri, 03-22-2013 - 8:56am

How often are you/your DH paid -- my wife and I are each paid every other week so about twice a year we have a rare three pay check month...

Do you discuss finances with your children?  To what extent? Yes, we talk about expenses, what things like utitilies,  and insurance cost as well as the extras like her dance classes and voice lessons...  she gets an allowance which is tied to specific chores being done.. WITH A GOOD ATTITUDE.. if they are done pouting and suliking the allowance diminishes or goes away.  So far she's quite a little saver.  She is going to Washington with her class in April and she saved enough to pay 1/3 of the costs of the trip as well as spending money for the trip.  When she has a stake in something she really knuckles down.   She knows I will pay for clothing necessities but her trips to the mall with friends, movies etc.. are all on her own out of her own money.  

Are you a spender or a saver  I try to be a saver but dn't really succeed in the way I would like but am getting much better.. we're not lavish spenders but it seems thinks like furnaces breaking down and cars needing repair always show up to tap the reserve.  But we do ok.. I think we're probably pretty typical.

Avatar for savcal2011
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Registered: 10-06-2010
Fri, 03-22-2013 - 9:00am

How often are you/your DH paid -- monthly.  The Girl is paid weekly.

Do you discuss finances with your children? To what extent? -- Yes. We've always been very open with our children about finances.  We don't generally use specific dollar figures, but it's not a taboo subject.   It aids us in teaching them to become financially responsible.

Are you a spender or a saver - I'd say we have a pretty healthy balance between the two. 

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

Avatar for savcal2011
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Registered: 10-06-2010
Fri, 03-22-2013 - 9:03am

bordwithyou wrote:
Jamblessed, have you thought about giving your daughter a clothing allowance and letting her buy her own clothes with it? We started doing that with my older one when he wanted new this that and the other thing every few weeks. We just gave him a quarterly allowance and let him decide just how important that new jacket or pair of shoes really was.

We do this.  It's still our money they are spending, but it's money they have control over. Which has lead them to determine that they really don't need another pair of skinny jeans or another Wii game.  They tend to only buy thing they really want now, instead of just every time they get a whim.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

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