Debt Free at Age 5

Miss Love owed her daddy some money.

Because she did not take care of his stuff, something expensive got broken.   based on the circumstances, we decided that Miss Love needed $25 to pay daddy back.

$25 is a huge amount of money for her.

This was money that was not going to come out of her Long Term Savings, and it wasn’t just going to come out of Xmas or Birthday Money (Although she did get a $2 bill for Xmas that I let count, because what else is she going to do with it.  Daddy kind of collects them and we are not starting that with Miss Love, but more on that in the future.) This was money that she was going to have to earn.

We have a list of jobs that can be done, and whenever I think of something new I ask her if she wants a job.  It’s not the same as chores.  She can say no if she wants.  At Nana’s house over the holidays she did some work.  They pay more for washing windows than I do, but like Papa said, their windows were bigger, and probably dirtier.  She did a collection of odd jobs, windows, floors, bathrooms, etc. to collect dimes and quarters to pay off her debt.

It took her a couple of months, but today we counted up the money.  And she had earned $23.  I was really proud of her.  When we first agreed on the repayment plan, I was worried that it was too much for her.  She is only 5.  But I think she has felt good about making this right.  She has worked hard and had to give up things that she wanted to buy.  But I don’t think we could have come up with a more powerful lesson on many if we had tried.

But she was still $2 short.

So we made a plan.  We looked at the jobs that she could do, and how much money she would earn doing them.  She chose enough jobs so that she could earn the money (minus tithe) to pay Daddy back today.  She was actually quite giddy when she was dusting the stairs.

I joked that she could call in to Dave Ramsey and yell, “I’m Debt Free!…”

She just looked at me.

I think I am going to have to learn to love that look.

I think she has learned that having debt sucks (can I say that here?)

More to check out:

Leave me a comment.  Tell me you stopped by.  And do you think I am a terrible mother for making my five-year old earn $25?


Getting Paid in Chocolate

Last weekend I gave all my time to our local schools BIG fundraiser: The Silent Auction.  We made it even better.  We added a Chocolate Extravaganza. 

That’s right.  A sampling of all things chocolate.  All night. And it was Valentines Day. And everything turned out beautiful.

Unfortunately I was working the event, so it wasn’t as romantic or relaxing as it could have been.

It was all just volunteer time.  Hours.  But when the night was through, I got to take it home with me.  That’s right I got paid in chocolate. A lot. Of Delicious. Chocolate.

Do I have to claim that on my taxes?

And as much as I would love to share it with you, I just don’t think it would mail good….

So instead I am giving away a Soothing Spa Tonic Facial, so you can sit back, relax, close your eyes and dream of chocolate.

To win this Give Away you just have to leave me a comment. And you can get a bonus entry if you can tell me how to set up followers on WordPress. And don’t forget to check out Job vs. Chore vs. Hobby , Whistle While You Work, and Charlotte’s Web for the Give Aways that will be open all week.

This has been linked in with Finer Things Friday.