Category Archives: Money

From Uncomfortable to Comfortable

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What are you uncomfortable talking about with your kid?

Sex was the one I knew I’d struggle the most with, and while we’ve had several conversations with our boys, and I’ve tried to get more comfortable, I haven’t reached a point where I’m at ease with the topic. I am committed to continue working on it. ☺️

As my boys enter adulthood, finding out who they are and trying new things, I know they will experience vulnerability and may make choices they don’t feel good about (even regret), but that’s part of growing up — making mistakes and learning from them.

I happed to be watching a show on escaping a cult, and it reminded me how no one sets out to join a cult, or abuse prescription drugs, or become an alcoholic. It’s something that can happen gradually and can happen to anyone regardless of your background or circumstances. We discussed the show and my thoughts over dinner. I was more comfortable having this conversation, because I had been recruited to join a multi-level marketing scheme when I was a little older than my oldest is now; and have experienced friends and family members who’ve suffered with addiction, including dying from it.

The reason I have experience with cults (or cult-like) was when I was a young adult I was at my parents house my dad found out I was going to a meeting. He inquired what the meeting was about, I told him and he said, “No, you’re not going.” It surprised me because he’d never done that before and took me aback because I could see how serious he was. I heard my dad out, and he shared how the same thing had happened to him when he was my age and it was some good luck that helped him out of the situation. He shared what I was in for if I went. I agreed not to go and am grateful. I’ve heard horror stories from others who got sucked in to this organization. In my situation what was disappointing was the “recruiters” had been a good friend from high school and his parents, who were well-respected in the small town I lived in.

My kids have heard these stories before so I didn’t rehash them. Instead I tested them on what they remembered about our previous talks. “What’s a sign of a cult?” My oldest looked at me quizzically. I prompted him. “They ask you for…” He responded, “money.” I acknowledged he’d got it right. My husband chimed in, “if they try to separate you from your loved ones, that’s a sign too.” We discussed various ways you can get recruited including the lure of self-help or finding love, maybe even offering free courses for a period of time. The big thing I wanted the boys to be aware of was that this could happen, and there is probably recruiting methods that we’re not even aware of, but if they got themselves in a situation where it didn’t feel right — being in a group that might be a cult, noticing the desire to drink or do drugs or other things that might not be best for them — not to get caught in the trap of feeling embarrassed or ashamed, but talking to us about it, or a trusted friend or other adult.

My kids will absolutely make mistakes (I still do at my age, grrrr), but I’m determined to let them know we are here for them, and are a safe space, mistakes and all. It isn’t comfortable having discussions on certain topics, but avoiding them isn’t an option.

What uncomfortable conversations do you struggle with? Which are you getting more comfortable with?

Pay Day

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What questions come up in your family about money?

When our kids were young, my husband and I agreed we wanted to teach our kids about money, saving, investing, and planning for their futures.

A Scout merit badge helped us educate our sons during a summer trip to Yosemite. But that was one conversation, and we all know that to learn and really comprehend something you have to either hear it over and over, or experience it for yourself.

My youngest is starting to think about work and what he might due to earn money while he’s still in high school. After talking about places he might like to work, the conversation turned to how frequently you get paid. That started a conversation we haven’t had in a while. Our oldest is an hourly worker and gets paid weekly. My husband and I have different pay schedules (bi-weekly and monthly). The kids were very interested in the salaried jobs (you get the same amount of money whether you work 40 hours or 60?!?), and overtime (they like the thought of more $$$). It was an unexpected conversation but a good and needed one. Knowledge is power, right?

How are you teaching your child about earning, saving, and planning for their future?

Movers Wanted

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What jobs have you had family or friends help with?

Moving, particularly when I was younger, involved soliciting the help of family and friends. I never liked asking, but always appreciated the help.

My sons aunt and uncle were in need of help moving from a rental back to their home. They were in a pinch and asked for my sons help a few days before they needed it. Both boys said “of course,” as they love their aunt, uncle, and cousins and wanted to be off assistance. When they found out they would also get some money for doing it they were beyond thrilled.

After they helped them move, my husband and I asked them how it went. “It was nice,” my youngest shared, “it was nice just spending time with them alone. We had fun.” We realized our kids hadn’t spent much alone time with their aunt and uncle, we (my husband or I) always seemed to be around at the same time. I was happy that had this experience and shared memory with other family members. My oldest piped in, “Yea, they said that might want our help again in another week.” He was excited by the prospect.

Helping others can be so fulfilling. Helping others and getting paid, especially if you’re young and want/need to make money — near utopia (at least for my kids). 😊

How do you model family and friends helping in times of need? How does your child view helping others?

Can We Talk About It?

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When your child asks you for something (they need, want, etc.) what do you do?

When my boys need something (school supplies, clothes) it’s pretty easy. For non-essentials, I typically weigh the pros and cons, we discuss as a family if pricey (can we afford, is this a good use of our money—often turns into financial discussions/teaching moments with kids, etc.), and then we decide.

My oldest found a sports camp he wants to go to. It’s a single-day camp and pricey (not crazy pricey, but enough to make you at least weigh the pros and the cons). I knew how much he wants to go to the camp. My husband and I discussed the cost and agreed we’d let him go. By the time my husband and I connected on this we were full into our workdays and my son school, so I decided to text him to share the good news , he could go to camp but with some conditions. “Your father and I discussed and you can go to the camp. In return I’ll take a daily hug, you need to make sure all the dishes are done before you go to bed, and lessen the sass towards mom.” I said all of this ending with a smiley face 😊 to let my son know I was serious, but also that it was coming from a place of love.

I expected his response to be “great” or “thanks,” instead he responded with the following in rapid fire: are you sure? I can pay for it? Can we talk about this before you sign me up? Was my son ‘adulting’ on me? I texted him back, “We can cover — is hugging me really that bad? 😊 We’ll discuss tonight before we register you.” He responded “Thanks.” It seemed like he was being very pragmatic and he got me thinking. Does he not want to go? Is there something about the camp that worries him? What’s prompting this desire to part with money? My son rarely spends money, he’s always saving it which made me think am I missing an opportunity for my son to feel good about spending his hard earn money in a way that feels good to him?

That night we talked about it. My husband and I explained that we would cover the cost for this camp, but other specialty camps he might want to do over the summer he could cover. My son was excited, and we felt like we’d found a happy medium. Reflecting on the situation I realize my son is getting closer to adulthood daily and I need to start leaning into that more (vs holding onto the vision of him being young and more dependent). It may be uncomfortable for me, but the more I practice it the easier it will become.

How are you helping your child make money choices? How are you helping them prepare to be independent?

Easy Come Easy Go

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When was the last time your child did something that surprised you?

This last happened to me a few days after Christmas. My oldest has been asking for an iPad for a while. We have never invested in a gaming system for our kids, and my son likes to use my iPad (which is very old) to play Madden. My iPad is so old, it no longer can support any of the latest versions of Madden so, as far as my son is concerned, it’s useless. 😊 My husband and my response is always the same when our son tells us he wants this, “Do you understand how expensive iPads are?” Communicating that we understand he wants it, but it’s not going to happen. We said if he wanted an iPad so badly, he should ask for money from his grandparents, and other family for Christmas.

I was in need of a new smartphone earlier in the year after the screen on my previous phone shattered. When buying the phone they had a buy one get one free offer so I decided to pick up an iPhone for my son. My husband and I had been talking about upgrading him from his flip phone to an iPhone but still had concerns over him having such a device (particularly with all the content that’s available). Thank goodness for parental controls. Being able to restrict his usage as night, limiting what sites he can access made us feel more comfortable giving it to him as his Christmas gift. It was one of the few times I’ve seen my son get a gift and be almost overwhelmed with gratitude.

A few days after the holidays my son came to me and said, “Mom, you know that money I was saving for the iPad? Well, I no longer need it since I have my iPhone. I want to give it to #TeamTrees.” My son learned of this organization (teamtrees.org) while watching YouTube. They were getting a lot of press and buy-in from other YouTube and non-YouTube celebrities helping them achieve their goal of planting 20 million trees. My son was caught up in the hype and wanted to contribute his savings that day. While I loved that my son wanted to donate his money I wanted to make sure he was really thinking through where his money was going, and taking the steps to educate himself on the cause, charity, and feeling good about where his money went (e.g., what about the cause speaks to, or resonates with you?). My husband and I asked him to do some research, sleep on it and we could figure it out in the following days. Once we learned #TeamTrees had exceeded their goal, my son was more willing to look into other charities. We had him look up charity ratings, and after doing some research he decided to donate his savings to the ArborDay Foundation. I was proud and surprised at how easily my son was letting go of the money he’d been saving up for almost a year. He could have easily bought something for himself, but felt compelled (maybe influenced by the YouTube community?) to give his money away.

I’ll take this kind of surprise from one of my children any day.

When was the last time your child surprised you in a good way?