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The Money Messenger -- February Follow Throughs
February 05, 2009
Welcome to Issue #13 of The Money Messenger!
The Money Messenger brings you the latest on your kids and money.
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Keeping the new year going strong This month's articles focus on teen chores and on allowance basics. These two things can be the strong foundation for teaching kids about work and money (even if they are not tied together in your house). But they can also be challenging if you hit a few stumbling blocks along the way. These articles have some suggestions on how to deal with those speed bumps and stay (or get back!) on course.
A reader's question on the how to keep the chores balanced among kids of different ages in the same house
This month's newsletter focuses on staying on track with your goals for 2009 - especially those around chores and allowances. There continues to be so much in the media about the economic issues in the U.S. - and so little that we seem to be able to do about it. But there is something we can do. We can make sure our kids and families have the right money education and foundation to be successful - no matter what the bigger economy is doing.
Chores and allowances are excellent ways to build that foundation.
I've delayed the kid and teen entrepreneur focus issue for a bit. There are couple of reasons for this. First, February is THE month that resolutions and goals set for the new year are most likely to start getting derailed. With that in mind, I wanted to give you some chore and allowance tips to help stay on track. Second, the entrepreneur subject really deserves its own special issue. And that is exactly what it is going to get! Be watching your mailbox in the next several weeks for a special edition of The Money Messenger on kid and teen entrepreneurs.
I still need YOUR help with is to get your stories. Everyone wants to hear more from each other! Personally, reader stories are my favorite part of any newsletter or magazine so I can't wait to make this addition. But I need your help! Please drop me a note at firstname.lastname@example.org to tell me your story (and you can remain anonymous if you like).
Teen Chore Contract Add-On Option
If you've been using (or even just considering) a teen chore contract, you may have come across times when there are some seasonal or occasional chores that need to be done that just don't fit well into the overall chore contract. These could be snow shoveling or one kid filling in for another due to a sledding injury.
In either situation, it can seem like redoing the teen chore contract isn't quite the right thing. These new chores are ones that won't last - and the rewards aren't likely to be ongoing either. That makes rewriting the contract that also covers the ongoing chores a little tricky.
That's where a supplement to the teen chore contract can help. This is simply an add-on to the original contract and covers only the seasonal or exception chores. It can written to cover a certain time period only with an expiration date or it can be a little more open-ended. That will really depend on what types of chore you are including.
Another advantage of the contract add-on is that you could have more than one add-on going at one time. While this may not be the best way to manage chores (since too many of these can make it hard to manage - for everyone), you may find that certain seasonal chores overlap between seasons. For instance, the yard may still need to mowed as leaves are falling.
To see how a teen chore contract supplement might work for you,
check out this page.
It also includes a blank contract add-on plus a completed sample.
2009 Money Resolutions: Allowance Program Basics
Do your goals for this year include learning more about money? It does for plenty of people - money and weight loss goals always seem to top the list.
But what does this mean for you and your family?
If it means starting an allowance program (or getting one on track), here are some basic steps to get started:
For more allowance basics,
check this out.
Carla wants to start a chore program for her 3 kids - ages 12, 9 and 5. What is the best way to have chores that fit each child but don't become a nightmare to manage? Here's the advice:
Yep. Having a chore program for 3 kids could get to a part-time job on its own. That is not the goal, of course, so here are some ideas on how to keep it manageable:
Do you have several kids that you are managing a chore program for? Let me - and all the other readers - know how you are doing it and what ideas you have for making it successful
by dropping me a note at email@example.com.
the next issue of The Money Messenger
The next issue will be a special edition focusing on kid and teen entrepreneurs. We'll be looking at balancing their passion with not spending lots of money on the start-up. Plus, there will be a feature article on how to balance an allowance with earnings from a job.
March's issue will focus on the transition to spring with ideas on jobs and chores that fit the season.
Talk to you soon!
If you have any comments or suggestions for future newsletters, please let me know. I want to be sure that this newsletter meets your needs. Feel free to provide your comments using this contact form.
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