Hey, Bill here. As always, thank you for the nice mentions on social media.
Sometimes asking mom and dad for extra money is just a little too easy. Not that kids are nefarious or anything, but harried parents are a pretty easy con.
“Ugh, I’m in a rush, so I’ll just flip him a 5.”
“Did I just give her 10 bucks on Monday, or was that last week? Man, I’m losing it!”
“I wonder if he already hit Mom up for that...”
“Did I ever get change back from that 20 bucks I doled out last week?”
Any of that sound familiar?
There’s a simple solution for putting the brakes on impulsive, redundant, or (dare I say?) exploitative money requests from the kids.
Force your kids to write it down. Make’em maintain a little money request journal.
Columns can include:
- the Date,
- the Requested Amount,
- a Justification,
- the actual Approved Amount, along with some
- Comments from you about your approval, partial approval or even total rejection,
- an Adjusted Amount (just in case some change was actually returned),
- and a Running Total so everyone can clearly see the money stacking up.
By the way, If you want to ditch the pen and paper and go New School, you could use a shared Google Docs sheet or an app instead.
Now, to get money out of you, kids have to take the time to fill out a new entry and seek your formal approval.
It’s amazing how a little thought, a little transparency, a little history, and, yes, even a little red tape can put some big brakes on impulsive spending.
With a money request journal, duping Mom and Dad out of extra dollars just got a whole lot harder.
Like this tip? Get the next one in your inbox by subscribing here.
Want to turn these tips into action? Check out FamZoo.com.