Beachkid23
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- Oct 26, 2013
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I just wanted to throw this out here that I'm selling my kids on eBay! Now that we got that out-of-the-way for those who ask if that's what I was going to do....
For the last six months I have been doing this with my children and it has worked very well.. And I wanted to share. My oldest daughter is nine and my son is seven. My other daughters three and she gets whatever she wants anyways so none of this applies to her.. But the older two always want money for something else or to go with their friends or for a candy bar at the store.
So as long as they do their chores and their homework for the week on Friday or Saturday morning they can give me one or two dollars max. I don't pay them for chores during the week because I believe they should do what they're told and help out the family. But when they give me their money on the weekend I use it to take garage sailing.
So here's how this works. If they give me a dollar or two and I buy something for them that I will sell on eBay. . Toys or a piece of jewelry or whatever but the max is two dollars. When the item sells eBay fees and PayPal plus shipping or whatever else is taken out of whatever it sold for. Half of the money they get goes into their savings account no questions asked. The other half they get to keep. Now with the half they get to keep they have a choice of either keeping all of it or if they put it into their savings account. Whatever they decide to put into their savings I match it.
So I just wanted to throw this out there in case anyone was deciding they are trying to figure out how to save money for the kids or just an easier way, this has worked for us we tried it for the last couple of months. The biggest benefit is they are smart so they do put money into their savings which I do match. They love going to the bank to deposit it themselves. And the biggest bonus is when we go out somewhere they're not begging in line for stuff for at the store they're not screaming and hollering or crying because they want something and I'm not buying it for them. They can decide if they want to spend their money or not. But if they do not do their chores for the week or get a bad grade on their tests at school or argue and talk back they don't have the option of giving me the money to spend at the end of the month. Thanks for reading all this and have a good night.
For the last six months I have been doing this with my children and it has worked very well.. And I wanted to share. My oldest daughter is nine and my son is seven. My other daughters three and she gets whatever she wants anyways so none of this applies to her.. But the older two always want money for something else or to go with their friends or for a candy bar at the store.
So as long as they do their chores and their homework for the week on Friday or Saturday morning they can give me one or two dollars max. I don't pay them for chores during the week because I believe they should do what they're told and help out the family. But when they give me their money on the weekend I use it to take garage sailing.
So here's how this works. If they give me a dollar or two and I buy something for them that I will sell on eBay. . Toys or a piece of jewelry or whatever but the max is two dollars. When the item sells eBay fees and PayPal plus shipping or whatever else is taken out of whatever it sold for. Half of the money they get goes into their savings account no questions asked. The other half they get to keep. Now with the half they get to keep they have a choice of either keeping all of it or if they put it into their savings account. Whatever they decide to put into their savings I match it.
So I just wanted to throw this out there in case anyone was deciding they are trying to figure out how to save money for the kids or just an easier way, this has worked for us we tried it for the last couple of months. The biggest benefit is they are smart so they do put money into their savings which I do match. They love going to the bank to deposit it themselves. And the biggest bonus is when we go out somewhere they're not begging in line for stuff for at the store they're not screaming and hollering or crying because they want something and I'm not buying it for them. They can decide if they want to spend their money or not. But if they do not do their chores for the week or get a bad grade on their tests at school or argue and talk back they don't have the option of giving me the money to spend at the end of the month. Thanks for reading all this and have a good night.
