Wednesday, May 7, 2008

Entreprenuer

Last year at the tender age of 10 Joy #2 started a small lawn mowing service. He started with a couple of regular lawns and then monitored the neighborhood looking for houses with tall grass that might need his assistance. My yard was mowed pro bono because let's face it, I'm his mama. He would average anywhere from $30-$80 a week. Mostly $30 but there were at least 2 $80 weeks. I made him separate his money into save, spend, & give envelopes and we did pretty well the first couple of weeks. He is not a saver by nature and really struggled with the concept. As in, I forced him to use the envelopes and any chance he had of circumventing the system he did.

Lawn Service Flyers




This year he is at it again. He has 4 lawns set up to mow regularly. I am now a paying customer (my choice) and we have new save, give, spend envelopes ready. I bought the Financial Peace Jr. at the Dave Ramsey live event and last night we did the lessons. He is now on commission for some home chores and he has his savings goal.

Riptstick of Doom

We listened together to Dave Ramsey's podcast after doing the financial peace Jr. He thought Dave was awesome. Maybe the key to getting him to become a saver is repetition, repetition, repetition. Well, listen together tonight too.

Random Knitting Projects: Curly Purly Soaker & a monkey sock.






2 comments:

Wool Winder said...

It's good to teach your son to save. He might not fully appreciate it now, but he will when he's older.

The soaker looks great!

cinnamongirl93 said...

What a wise mother! How important to teach your children the importance of saving. I am also impressed by your son's hard work ethic. That is very commendable!
The soaker looks great!