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Our Kids Save Better Than We Do!

June 20th, 2007 at 07:32 am

Not sure how it happened, but our kids are better savers than their parents. I've never been good at saving money. I'm pretty good at buckling down and paying off debt, but not putting money away in a savings. It's like I only respond when I'm under pressure instead of planning ahead. Hubby isn't any better than I am.

Anyway, our oldest 3 have (on their own) saved over $2,000, $10,000 and $4,000, respectively. None of them are 18 yet. They will spend a little, but they have goals and are pretty good at not spending much on extras.

For example, our oldest (daughter) has a goal of having enough money to be able to purchase 2 plane tickets, in the event we do move to China. Our 2nd oldest (son) has been saving since he was 10 for a truck. He is very specific in what he wants in the truck, but is holding off purchasing a vehicle until we see if we're moving overseas or not. He also has an amount in mind that he wants to have added to his savings by the end of the year. Our 3rd oldest (son) doesn't really have a specific use for his money, just knows how much he wants in there by the end of the year.

Again, I don't know where they learned this, because we're terrible savers. Maybe they're learning from our mistakes. I'm just glad that they're doing better than we are!

5 Responses to “Our Kids Save Better Than We Do!”

  1. Brooklyn girl Says:

    Just curious, why are you moving to China?

  2. Ima saver Says:

    That is great!

  3. carol Says:

    Impressive! Be very glad that the kids are doing so well in the saving area.

  4. littlegopher Says:

    Good for your kids; and good for you in teaching them!

  5. Nic Says:

    Give yourselves more credit. They picked up their good habits from you and hubby.

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