|New Winter Coats|
They want some cash.
Mallory....will do anything for money, is a good saver and knows what a quarter, dime, nickel and penny are.
Alex....doesn't like to work for money, loses it before he can save it and can't correctly identify a coin. He also thinks that Obama is on the one dollar bill.
We recently decided that it's time for the kids to start learning about money, saving, budgeting and the government. We want to raise them to be good little Republicans so we don't have to watch them holding signs on TV someday.
We've come up with a list of chores for them to do and they will be paid at the end of each month. They will receive a paycheck with an explanation of the taxes that we took out and then we'll take them to the bank to cash it. They will be required to save a portion of each check.
Side note: on April 15th we'll gather the taxes we've collected and let them watch as we flush the money down the toilet.
A few days ago, Mallory ended up with $2 and it was burning a whole in her pocket! She needed to spend that money so I took her to JoAnn's craft store to see if she could find something. I also gave her a 40% off coupon.
She bought a wooden birdhouse and 6 little pots of paint.
Mallory did the entire transaction all by herself and she was thrilled that she got .27 cents back! But then she was mad at Daniel (the cashier) because her receipt says that she saved .40 cents. I explained that she had to pay .13 cents in taxes on her purchases. Now she's pissed at the State of Colorado!
And now she wants MORE DOLLARS!!