My parents started me off with an allowance of 1 penny a week before kindergarten. (A penny could buy something back then.) I was taught to save money. (Mom had a box for me and I could “deposit” my money and get interest on it – I had a little bank book and everything.) My allowance grew as I and my needed did. In junior high school I received somewhere around $3 or $4 a week – I had enough to buy lunch in school every day if I wanted to and still have money left over to spend or I could bring lunch from home (at no charge) and save the money I would have spent on lunch. I brought lunch, saved up and took my parents and sister to see “Fiddler on the Roof” on Broadway (back then maybe $6 or $8 per ticket). I kept saving. I would take my allowance and any gift money I had and ride to the business area to go shopping. Then at the end take it all to the savings and loan and deposit it my (by then, real) bank account. After getting married and living in an apartment, I would save half of the net raises we got. I saved enough so that when we were we had the down payment on a house. I kept saving. I split the net raise amounts – 1/3 to savings, 1/3 towards early payoff of the mortgage, and 1/3 extra to spend.
All because my parents taught me to manage one cent a week.
Templo S.U.D. over 4 years ago
now what job could Gracie have, a tutor?
winston5610 over 4 years ago
Jeopardy Clue crew?
Cameron1988 Premium Member over 4 years ago
Great way to build up your son’s confidence, Sergio
Plods with ...™ over 4 years ago
Well done.
WesTXGrl13 Premium Member over 4 years ago
This just made me HAPPY!!!!!
profesorquijote over 4 years ago
That’s a good dad to encourage his children.
mafastore over 4 years ago
My parents started me off with an allowance of 1 penny a week before kindergarten. (A penny could buy something back then.) I was taught to save money. (Mom had a box for me and I could “deposit” my money and get interest on it – I had a little bank book and everything.) My allowance grew as I and my needed did. In junior high school I received somewhere around $3 or $4 a week – I had enough to buy lunch in school every day if I wanted to and still have money left over to spend or I could bring lunch from home (at no charge) and save the money I would have spent on lunch. I brought lunch, saved up and took my parents and sister to see “Fiddler on the Roof” on Broadway (back then maybe $6 or $8 per ticket). I kept saving. I would take my allowance and any gift money I had and ride to the business area to go shopping. Then at the end take it all to the savings and loan and deposit it my (by then, real) bank account. After getting married and living in an apartment, I would save half of the net raises we got. I saved enough so that when we were we had the down payment on a house. I kept saving. I split the net raise amounts – 1/3 to savings, 1/3 towards early payoff of the mortgage, and 1/3 extra to spend.
All because my parents taught me to manage one cent a week.