Frugal Village Forums banner

Financial Peace Jr arrived ;)

1485 Views 5 Replies 5 Participants Last post by  MrMom
Wife and I have been piecing together the DR plan from the library (no official FPU classes attended) and our 10 yr old has been asking questions and hearing our talks and even has been a part of our decisions envelope wise for food entertainment etc.

I checked into the FPU jr thing and found it on for about $13 i think with shipping and tax it was $16 total, ordered it up for her and it came yesterday.

Wife and I went thru it last night (after we paid off 2 credit cards and made a few more budget adjustments!) and are excited about putting this into action with her.

We had her watch the dvd where DR had his kids explain their roles in saving and whatnot and she's actually pretty good about saving already, she has $141 in her savings acct, and that's decent vs most kids getting $30 for a birthday or something and just blowing it...

She isn't saving for anything in particular at this moment, and she does do some basic chores everyday, but we are going to start that commissions chart for her and give her some goals to work for there (having that on the fridge should be motivating).

And she can feel more part of this whole process we are all learning just on her scale, so by the time she is 18 hopefully she will be a lot smarter than us!

If you have experience with the FPU jr. class with your kids I would love to hear about it!

1 - 1 of 6 Posts
We got the Financial Peace Jr kits for our kids for Christmas. My kids are 9 and 6. It has been working great for them. They love getting money to put in their envelopes and I am amazed at how much they are saving. The envelopes are really nice, they are high quality and easy to use. I also really like the chore chart. It has a place where you can put deductions too. We started taking money away for fighting with your brother, getting in trouble at school (usually for excessive talking!) and not listening. It has worked really well!

We also taught them a really important debt lesson early on. We went to a basketball game and they each wanted to buy a souvenir. We told them we would loan them the money from their allowance but they wouldn't get anything the next 2 weeks. Of course they were fine with that in the heat of the moment. Once it came time to get their money, we handed it all out, then demanded it back. We saw those kids go into gazelle mode right then! They ran around the house looking for coins, grabbing old piggy banks that had a bit of money in them, etc. They got their loans paid off that day and have never asked for an advance again.

I do think that it is geared towards younger kids, especially if you buy the Jr. books. Those I would not have bought, but they were on sale. And actually my kids use them as bases for their lego creations, so I guess they are getting used :)
See less See more
  • Like
Reactions: 1
1 - 1 of 6 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.