I have read the Entitlement Trap a few months ago, and plan to begin the system with my daughter…
My question is – she recently began a paper route and will be earning her own money for delivering papers twice a week. Does it still make sense to have this family income system or should the paper route replace that?
You can cater it to your family’s needs, but I would say the paper route should replace the earning money for
things at home (unless you want to supplement with that to give her more motivation). No matter how she earns her money though, I would so strongly recommend the 10-20-70 program. I think it’s SO important to teach kids how to deal with money. Not only how to spend it, but how to save it for the future and how to give it from their hearts. I’m just so grateful that this program was so ingrained in me growing up!
I’ve been trying to update some more things on the new house blog over HERE if you’re interested. I also added a button like this on my side-bar so it’s not so hard to find.
We are off to a couple Halloween parties…how is it already that time of year???