The "Store"

There was a suggestion made today on one of my e-groups. Some parents do a store in their home and every evening their kids get like 15 cents and get to choose candy and such from the “store”. They are teaching their kids about money, budgeting and more. I talked this over with my husband this evening and we might take that idea and expand on it. Our oldest is 12 so we we’re thinking of giving him a “pay check” for doing his chores and such and take out a tiny but for taxes, ss & medicade. To start teaching him what it will be like to have a job in a few years. We also thought we could create some fake money or get some off Amazon, and they can use the money at the “store” to purchase items such as candy, sodas, ice cream, books, ds games, movies, cd’s and more. We are still working out the details but it might be a cute idea and a great learning tool!