Chris is a wizard. Did you know that? He’s a money wizard. He took a couple of Excel classes while at IU, and now he applies Excel to everything. He even explored trying to study the Bible with Excel! There are several software programs out there intended to simplify personal finance management. Chris? He created his own with Excel. Yes, that’s right. A wizard. He cares deeply about making wise financial choices for our family, and for that I am more grateful than I can express. Recently, Chris has been excited to explore money with the boys. They have they expressed interest, probably thanks to Christmas cash. So, we took Cole’s money and Max’s money and cashed it into $1 bills. Then, Chris gave each kid three containers and had a private money talk. He simply explained the concepts of giving, saving, and spending, put practical ideas with each idea, and designated a container for each one. Cole and Max individually decided how much of their cash went into each container, with the only rule being that no container could sit empty. Now, whenever they receive money (we’re still talking about the idea of an allowance…), they will head to their money jars. We hope to give them a lot of practice with money while they’re young, when the price tag for messing up is small, so that when they’re older and their choices involve bigger sums of money, they will have lots of experiences upon which to make decisions. A tip from Love & Logic. So they’re both now on the money learning road, and with Chriswizard as their teacher, I have no doubt they are in great hands!
Let me know if you need a good book for the allowance idea. We had one that worked
well for our girls and helped sort out our thoughts on it😊