Comments on: Keep Your Word to Children About Money

By: Personal Finance Blogger Spotlight by Money Crashers

Personal Finance Blogger Spotlight by Money Crashers — Fri, 17 Jul 2009 16:26:24 +0000

[...] Keep Your Word To Your Children About Money [...]

By: Pecuniary Links & Pecuniarities Update ~ July 2009 #1 | Pecuniarities

Pecuniary Links & Pecuniarities Update ~ July 2009 #1 | Pecuniarities — Sat, 04 Jul 2009 22:39:07 +0000

[...] At Mrs. Micah, the missus shares a cute childhood story, which bears an important message: Keep Your Word to Children About Money. [...]

By: MLR

MLR — Fri, 26 Jun 2009 06:51:04 +0000

I remember I shoveled a neighbors driveway in a blizzard. It took me and a friend 3 hours. When we were done the neighbor came out, gave us a dollar, and said "Don't spend it all in one place!" Pft, that guy had snow back on his driveway later that night. /brat MLR’s last blog post: Cash for Clunkers: Is It Worth It?

By: J. Money

J. Money — Thu, 25 Jun 2009 20:58:38 +0000

I’d just like to USE your service if at all possible Maybe you two should bring it back? I could pay in beer!

By: Dad

Dad — Thu, 25 Jun 2009 16:43:29 +0000

One thing we must not overlook. The clients weren’t trying to ‘weasel out of paying’. As MrsMicah accurately state in her resolve “I will not assume that I can replace their promised payment (be it money or something else) with something I think is better.” I’m sure they thought what they got was better. But the story tells us not to assume we know better in such deals. What the child values may be entirely different than what we value. The children in this case were cheated but the adults were unaware that it looked that way to the child.

By: mrsmicah

mrsmicah — Thu, 25 Jun 2009 02:08:25 +0000

@Christine I feel like you should have seen them at some point. Like your take on it.

@asandford sounds like you’re being a great aunt. I agree that circumstances may prevent us from fully keeping our word, but we should do our best.

@Miranda amen.

@Joe you’ve got a smart little girl there! Sounds like you all made a good decision regarding the money too–both honoring your wife’s word but also making it practical.

@shadox lol, I hear ya!

mrsmicah’s last blog post: Keep Your Word to Children About Money

By: shadox

shadox — Thu, 25 Jun 2009 01:54:37 +0000

If something like that ever happened to my kids I hope they would get me involved so I could kick the ass of anyone who took advantage of them. What cheap idiots. shadox’s last blog post: The Tangible (but Limited) Benefits of Positive Thinking

By: JoeTaxpayer

JoeTaxpayer — Wed, 24 Jun 2009 14:49:43 +0000

A few months ago, my 10 year old comes running to me screaming she just won $100 from her mother. My daughter mentioned something to mom that I had told her recently and when my wife doubted her she said "how much do you wanna bet"? Lesson for my daughter? Always take the winning side of a sucker bet. Make the amount reasonable enough so you'll collect. Lesson for my wife, don't bet with the kid, she'll take you every time. Yes, we paid up, it went in to her account, saving for a laptop when she turns 13. JoeTaxpayer’s last blog post: Swapping Mutual Funds For ETFs

By: Miranda

Miranda — Wed, 24 Jun 2009 13:31:10 +0000

Just because they're kids, doesn't mean that it's right to weasel out of promises. A promise is a promise. And, if circumstances change and you can't fulfill the terms, you should explain why and try to make it up to them. Miranda’s last blog post: Tax Break for Buying an Annuity?

By: asandford

asandford — Wed, 24 Jun 2009 13:14:49 +0000

I agree! I did a lot of cat sitting when I was a tween. The family also wanted me to spend time in the house so the kitties (4) wouldn’t get lonely, so I “clocked in” by writing down when I arrived and left. They were very generous.

I think it stands that you should always keep your word to kids, and if you can’t, then sit down and explain to them why. A few years ago I offered to take my niece to Hershey Park in PA. We live in MN so it would be quite a road trip. I wasn’t able to do it last year, and I’m barely going to be able to afford it this year, but I promised and I refuse to go back on my word. Now I’m having fun trying to do the trip as inexpensively as possible!