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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!

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Bill, What do you think of the Dave Jr. as a whole?

Do you think it's too young for your 10 yr old? Or is it right in line with what she's able to do? <snip>
You know I think this is just right for her in terms of age and ability to do it, she seems motivated and I think the nicer board and envelope makes it more real and official (vs our basic white envelopes).

It was onsale at with cheap shipping so figured let's grab it and give it a try, she seems very motivated by her new dry erase savings and commissions boards and her fun new envelopes.

I do feel a bit bad as we haven't sat down with her to go over commission stuff yet, just been crazy busy this last few weeks with taxes life etc, but it is on our plan here to get things really rolling for her as she has a summer trip coming up and that too will be motivation for her to save up for that to have spending money etc.

Seems pretty straight forward you could do the basics of it without their fancy envelopes and the dry erase boards, just wanted something kinda official for her figured it might help her focus more on it, but I love the domino or poker chip ideas based on the same principals!!!!!!

Either way we are raising our kids with better methods of money management so we all win on that one!!!!!!

Bill :)
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