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RE: My 8 year old son has a budget!
You have your son set up to become a bright young man. I really admire you for putting retirement on their too. I've never seen anyone do that before. Do you actually do anything (or plan to when it has grown) with that money?
Thanks for stopping by and the kind word @frugallady :)
For now we not investing the retirement money as yet (it's just too little) but I want him to learn that 10% of his salary (technically 20% if I include the tithing) is never his - he can't use it in his planning. Just this principle alone is gold!!
Later on when we up his allowance a bit then we'll start doing something with his retirement money :)
It really is. Both my husband and I were taught the value of saving from our parents and it has been such a great help.
Definitely one of the best lessons your parents could have taught you guys!! Good on you :)