Pay Day

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?

Needs, Wants, and Priorities

When did your child last tell you they had a need that really wasn’t one?

My oldest loves sports, and has been excited to start training for the upcoming Fall season with his team in advance of school starting. He also is in Scouts and has had a outing planned that overlapped with practice. You can imagine what happened.

Because of COVID and the uncertainty of what play would be allowed and when, there was little communication to the families around practice and when it would take place. My son’s troop had booked their Summer trip in the Spring allowing for everyone to get vaccinated before the trip. The troop was very successful in 2020 selling pumpkins and Christmas trees, so they could afford to fly to their destination (which is a big deal. They’ve always driven before). My son was excited for the trip, but hated that it would overlap with his practice. “I’m letting my team down,” he said one evening. “Would you feel like another team member was letting the team down if they went on a scheduled trip and couldn’t go to practice?” I asked. “Yes, I would,” he said, paused then responded, “okay, no I wouldn’t.” He grimaced (he really doesn’t like it when my husband or I are right, or make a good point). 😊

As the trip neared, his desire to not let his team down (real or perceived) amplified. As the departure date neared following one practice he expressed his angst. “I’m just starting to get the rust off and playing good again. I want to stay for the entire practice before I leave but I can’t because the troop has to get to the airport four hours before the flight leaves. It’s ridiculous.” I asked, “have you talked to the Scout Master to see if we can bring you to the airport to meet them?” “I did,” he said, “but I got a ‘why don’t you just leave practice early’ response.” He continued. “I mean, the Scout Master just doesn’t get it. I have needs. I need to practice and be with my team, why can’t he think about my needs?” I had to suppress a chuckle. I gave him a minute to calm down. “You know the Scout Master has to coordinate everything for all you kids. There are a lot of logistics involved and if he starts bending to various needs it makes his job a whole lot harder. I get that you don’t want to miss practice, but your needs don’t go in front of what’s best for the troop. Everyone worked hard to go, practice will be there. You’ll get caught up. You should be looking forward to this. You were until practice started.” He sighed, “yea, l guess you’re right.” We drove in silence the rest of the way home.

Your wants and needs can feel intense when you’re a teen. You want your wants or needs met now, not later. Later is forever away. Helping our son understand true priorities and what matters is the opportunity my husband and I found in this experience. Knowing what is truly important, will have the greater impact (on you and others), and making choices/decisions you feel good about down the road.

Before my son left I tried to help him reframe the situation. “You won’t remember every practice, they’ll blend together, but you will remember taking this trip. It’s something special and will be memorable.” He shook his head in agreement. It also helped that he happened to twist his ankle in practice the day he had to leave early to catch his flight, and was going to need to rest it for a few days (coincidence or fate?) . 😊

What does your kid see as a need you disagree with? How are you helping them figure out what are their true priorities?

I’ll be away next week to spend time with friends and family for Labor Day and will be back in September.