Monday, August 30, 2010

Life Lessons...

Awhile ago, I published this post about Allowance and the strategies that work for our family.  The system was test this past weekend, when Connar bounced a check!

Ok, ok, he's 11 and doesn't really have a checking account...

Typically, when the boys want to spend their money, they need to have their wallet with them.  This way, they know how much they have and money can change hands in the moment.  I made an exception on Saturday.  We had been out all day at a Football Jamboree and were stopping at a toy store on the way home.  The boys had just done their weekly jobs and knew how much money they had.  So I made an exception.

When we got home, I asked them to pay me back before they played with the new toys.  Connar opened his wallet and had nothing.  He teared up.  He over reacted.  He cried.

When he calmed down, he remembered that he's spent some money previously.  He didn't remember putting money into savings - which surprised me.  I said, "So it looks like you bounced a check.  You promised a payment with money that you didn't have.  How would you like to solve this problem?"  I expected him to say he'd pay for it out of savings, he had plenty in his account.  After a couple I don't know's, Connar asked if he could pay me back with extra jobs and next week's allowance.  So, we went with Repossession and Repayment.  

His new toy is sitting on top of the refrigerator, and there is a sticky note on the refrigerator door.  He's already done $2.00 worth of extra jobs and he scrounged $1.48 out of his bedroom.  I declined to accept the free chalupa coupon as payment.

I wonder how long it will take him to pay back the remaining $9.15?


  1. Oh no... I can hear it now. Bless him, he's such a sweetie. Great life lessons to teach him, J!!

  2. When will he learn the "I'm good for it" lesson?


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