A proud mom… one of our members shared a great story about the residual effects of MoneyMinding that’s worth sharing with everyone.
“My daughter has started to work and now has some freedom to go shopping and spend her money the way she wants. We started the MoneyMinding allocation of earnings a few years ago and she is very good about putting her money in different compartments: spending, giving, saving and investing. She is always writing down the things she sees that she likes at the mall, then comes home and decides if she really wants that item or if she’d rather put her money towards something else. It’s fabulous to see her so methodical about her purchases and so careful with her money. She works hard, and doesn’t sacrifice on what she likes, she simply takes her time and plans out what she’s going to spend and when. The other day, she was looking at an inexpensive T-shirt on sale that she really liked. It was good value and good quality, but her comment was what made me so proud. She said she really liked it, but would rather put the $7 towards the name brand coat she has been looking at. She didn’t feel she was sacrificing at all – she was focused on what was important to her, had her written goals, and chose which she wanted more.”
This story is a great reminder of good ideas for kids, that are also good ideas for adults. Thank you for sharing – it’s important that we pass on little tips like this because it just might have the ability to change someone’s life in very positive ways.
