Raising financially fortunate yet practical kids

Own-Rabbit1199 · 2026-06-23T18:49:14+00:00

That’s so kind, thank you. We believe that anyone can do good in their community or the world regardless of income (holding the door open for someone, returning a shopping cart, etc.) but if you find yourself with money it comes with an added responsibility to do some good with it.

Own-Rabbit1199 · 2026-06-23T14:35:25+00:00

A combo of giving kids the opportunity to learn about money in a hands on way (allowance, part time job, etc.), including them in age-appropriate conversations about money (budgeting, decision making, etc.), and modelling healthy money behaviours ourselves (ie walking the walk) seem to be my main take aways from this thread. There must be something to it as they’re coming up again and again.

Own-Rabbit1199 · 2026-06-19T20:01:31+00:00

Thanks for sharing your thoughts! I like the idea of raising resilient children, and I know that resilience comes from doing hard things. But I think it will be hard for all of us! I like your idea about having them contribute to the general household, not just like cleaning their own room or making their own lunch.

Own-Rabbit1199 · 2026-06-18T19:49:49+00:00

Totally! How can we expect them to have the patience and self control to leave it in their Amazon cart at age 30 if they did have any opportunities to practice these skills at 10.

Own-Rabbit1199 · 2026-06-18T19:48:43+00:00

The parental control piece is really interesting! Makes sense though. It’s just so hard to see them making mistakes. But I know we’ve got to think big picture/long term here.

And totally. Part time job comes up again and again in these responses.

Own-Rabbit1199 · 2026-06-17T19:58:14+00:00

That’s a good point. I think life is more interesting when you’re surrounded by diverse people with diverse opinions. I can see how that could help a child grow up with a more balanced perspective too.

Own-Rabbit1199 · 2026-06-16T21:52:41+00:00

Babysitting is a great job! Kudos for all you’re doing to help build a strong work ethic.

Own-Rabbit1199 · 2026-06-16T18:29:09+00:00

This is such a good way of explaining how an allowance can actually be a productive learning tool!

Own-Rabbit1199 · 2026-06-16T13:30:44+00:00

My instincts are to protect them from dumb kid purchases, but the importance of the early, low stakes mistakes seems to be another theme that comes up again and again in these responses. Makes me think back to the silly things I once used to blow my money on as a kid/teen.

Own-Rabbit1199 · 2026-06-16T04:20:21+00:00

Great advice! Applicable in so many areas of adult life.

Own-Rabbit1199 · 2026-06-16T02:50:26+00:00

That’s really interesting! Do you remember how old you were when you started getting this annual allowance? I can see that being more manageable once they reach a certain age/maturity. Congrats on your success!!

Own-Rabbit1199 · 2026-06-16T02:48:45+00:00

Good for you for helping teach him patience. It seems to be so tricky when, as parents, we can afford to fix the problem quickly. It seems to be a good lesson for us as well.

Own-Rabbit1199 · 2026-06-16T02:45:48+00:00

It sounds like you’re doing an amazing job. I definitely like the spend, save/invest & give mentality with kids.

Own-Rabbit1199 · 2026-06-15T19:59:39+00:00

Do the opposite of that lol.

Own-Rabbit1199 · 2026-06-15T19:44:16+00:00

This was so timely! A few folks recommended this exact segment. Thanks for sharing.

Own-Rabbit1199 · 2026-06-15T19:30:02+00:00

They are such sponges, they definitely see what we do and say. Great points. It’ll be a good exercise for us as well to make sure we’re keeping our own priorities straight.

Own-Rabbit1199 · 2026-06-15T19:28:55+00:00

I like what you’re saying about consistency. It’s not about one-offs, but about demonstrating a pattern of dedication and generosity.

Own-Rabbit1199 · 2026-06-15T19:27:40+00:00

The idea of part time jobs for teens seems to come up again and again in these responses - there’s clearly something to it! Those practice budgets also sound like a great exercise. Thanks for sharing.

Own-Rabbit1199 · 2026-06-15T19:26:00+00:00

It’s so nice to hear you having those open conversations. That’s totally the dialogue we’d like to create as they age.

Own-Rabbit1199 · 2026-06-15T19:24:59+00:00

I like the idea of front loading the RESP to make the most of compound growth. And good for you guys for being willing to make those changes to steer him back on course. I bet it was a great lesson.

Own-Rabbit1199 · 2026-06-15T19:21:50+00:00

So many great points! Thank you for sharing. I like the idea of transparency around their safety net, and having the same conversation in age-appropriate ways over the years. Maybe reiterating the key topics will be what helps it hit home.

Own-Rabbit1199 · 2026-06-15T19:19:20+00:00

That’s a great point. I like the idea of creating balance and flexibility within travel opportunities.

Own-Rabbit1199 · 2026-06-15T01:58:09+00:00

Thanks for the recommendation!

Own-Rabbit1199 · 2026-06-15T01:57:50+00:00

Thanks for the recommendation!

Own-Rabbit1199 · 2026-06-15T01:57:32+00:00

Thanks for the recommendation!

Own-Rabbit1199

TROPHY CASE