Friday finances

iVillage Member
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: 02-20-2013
Fri, 03-22-2013 - 11:28am

How often are you/your DH paid

I don't know. DH pays the bills and handles our investments. Occasionally I'll make a suggestion (Disney stock after it tanked after 9/11), but I let him handle it. 

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

Sure. DH is a financial advisor. In an age-appropriate manner. The kids don't know details (income or net worth) but we regularly discuss the importance of investing, saving and charitable giving. 

Are you a spender or a saver

A little of both. I spend on some things, save on others. DH is a saver. 

On Wednesdays we wear pink.

iVillage Member
Registered: 12-07-2003
Fri, 03-22-2013 - 11:31am

lifespeachy wrote:
Are you a spender or a saver</strong><br />Both.  Hubby and I tend to save, on our own, but we are "bad for eachother" in that together, we tend to spend more.

This is us, too.  It's always a bad idea for us to go to a bookstore or a kitchen gadget store together without a very strict plan, and sometimes it's bad even then.

iVillage Member
Registered: 01-08-2009
Fri, 03-22-2013 - 11:39am
Our local newspaper publishes our salaries every year, so our kids have known our salaries ever since they have been able to read. They found out about investment income much later, but they see the monthly statements lying around before we file them, so they could access our net worth if they really wanted to.
iVillage Member
Registered: 02-20-2013
Fri, 03-22-2013 - 11:51am

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>

I find this to be an interesting statement. One of the main reasons my parents talked me out of majoring in Education as an undergrad was b/c of the money factor. As a business major, my earning potential (and eventual starting salary) was much higher than a teacher's. Likewise, when I subbed a decade ago, I made $75/day. It was easy money but I think there was one year that I broke 10K for the year subbing. I don't exactly consider that good money. Then again, I wasn't doing it for the money, I was doing it b/c I was bored and genuinely enjoyed working w/the kids.

When I consider what my teacher friends make relative to their experience and education level, I don't think they make good money at all. 

I guess it depends on your definition of good money. How do the rest of you define that?

On Wednesdays we wear pink.

iVillage Member
Registered: 05-27-1998
Fri, 03-22-2013 - 1:01pm

My kids used to love to read the annual report from our old town, so they could see how much their teachers made. They'd complain that Teacher X, whom NO ONE liked, made more than sweet Teacher Y, who deserved twice as much, or that the director of music made almost as much as the principal, who has a MUCH HARDER job, mom.

iVillage Member
Registered: 07-12-2005
Fri, 03-22-2013 - 1:22pm
DH is paid monthly. I am paid every other week. We do talk to our kids about finances. Quite openly. My 7-year-old has an unusually strong interest in the subject. He loves the game Monopoly, and asks a ton of questions about how work=money, what costs how much, how to make more money. He is also a big saver and we found a sheet where he was writing down how much money he had and adding amounts he received for gifts and allowances. He will also hand us money if he asks for something and we say it's not in the budget. He always offers us half. It's both amusing and disturbing. He has also informed us he wants to be a business owner when he grows up so he can give lots of people jobs. We have no idea where this comes from. I am a bit of a spender, but DH is a saver, and my spending tends to be on things like entertaining, experiences, gifts, and charitable giving, not stuff, so DH is pretty understanding about it.
Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Fri, 03-22-2013 - 1:30pm

"I guess it depends on your definition of good money. How do the rest of you define that?"

I think it is almost impossible to put a dollar amount on this, since it depends quite a bit on where you live, especially in terms of housing costs.

"Good money" means (to me) that you are able to provide for a family of 4, have a decent roof over your head, adequate health coverage, braces for the brats, schooling and extra-curriculars for the kids, adequate savings (college, retirement and emergency) and that you are able to enjoy yourself, whatever that means to you.

iVillage Member
Registered: 02-20-2013
Fri, 03-22-2013 - 1:47pm

rollmops2009 wrote:
<p>"<span>I guess it depends on your definition of good money. How do the rest of you define that?"</span></p><p><span>I think it is almost impossible to put a dollar amount on this, since it depends quite a bit on where you live, especially in terms of housing costs.</span></p><p><span>"Good money" means (to me) that you are able to provide for a family of 4, have a decent roof over your head, adequate health coverage, braces for the brats, schooling and extra-curriculars for the kids, adequate savings (college, retirement and emergency) and that you are able to enjoy yourself, whatever that means to you.</span></p>

I think a dollar amt. is hard to define because of COL variances. But I've never thought of teachers making bank or that teaching is a lucrative profession. I certainly don't know anyone who has gotten into teaching for the money--DD's Godmother had a pay freeze for like five years. Not so much as a COL increase b/c the district just couldn't afford it. Does education have other perks (spring break, etc)? Sure. But unlike the OP, I've never looked at my teacher friends and though--oh yeah, they're pulling in the big bucks. I'm usually more inclined to think "You don't make nearly enough for dealing with all the crap you have to deal with..."

On Wednesdays we wear pink.

iVillage Member
Registered: 10-10-2011
Fri, 03-22-2013 - 1:49pm
"I guess it depends on your definition of good money. How do the rest of you define that?" Teachers in my area start at $55,000/year and then need to take classes to get raises. Many teachers who have been working for 20 years and principals are making $100,000 or more. I think "good money" is all relative on your lifestyle and how you want to live it. The money we make wouldn't be able to be enough for someone with a larger home and 2 new cars, college bills, etc.
Avatar for savcal2011
iVillage Member
Registered: 10-06-2010
Fri, 03-22-2013 - 1:52pm

reginageorge2005 wrote:
I guess it depends on your definition of good money. How do the rest of you define that?</p>

To me, it's like pornography. I can't define it, but I'll know it when I see it.

"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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