One new wrinkle we added
by xChicagoIrish (2018-10-16 15:10:51)

In reply to: Our solution for B11  posted by xChicagoIrish


We're trying to encourage him to save money. I told him that I'd pay him $1 for every $10 he has at the end of each month. If he's saved up $49, I'd give him $4. If he's saved up $50, I'd give $5. Not giving partial amounts has encouraged him to stay away from the frivolous purchases. It doesn't seem like much, but once he realized that $100 could get him an extra $10 per month and that it would compound, he got pretty excited about saving money.