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  1. #1
    Anggie Thompson

    Default Mom as credit agency

    Frugal baby, but not so frugal 13 year old. I'm trying to teach both my boys to
    be frugal. Any money they get, they keep 1/2 and 1/2 goes to the bank with few
    exceptions. My 13 year old wants "his" money from the bank whenever he wants
    anything. I am trying to also not loan them money or let them buy anything on
    "credit" (with me being the credit agency). I always hear "I have money at
    home" or "I'll pay you back".
    Does anyone else do that and does it work for you?

    [Non-text portions of this message have been removed]

  2. #2
    Cindy Beat

    Default Re:Mom as credit agency

    I have a 7 and 8 year old. I do not loan them any money because when it comes
    time to pay up the amount always changes, they already paid, or they don't
    figure on tax. Or whatever other excuse they can think of so I do not loan
    If we are at a store and there is a great sale, I buy it and if they have the
    money they can buy it from me when we get home other wise it is a gift saved for
    an occasion. They have learned that if they have not saved enough money when
    that great secondhand item is for sale, Mom's price might be higher because she
    had money saved up and didn't waste it on candy.
    Cindy in AL

    [Non-text portions of this message have been removed]



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