Do you think that a 4 year old is too young to get an allowance in exchange for his help aroud the house? Of course for a four year old, that would be cleaning up after himself, putting his dirty clothes in his basket, grabbing his plate/bowl/utensils/placemat for meal time, etc.
He can now count up to 30 and I'd like him to understand how money works. I read somewhere that a good allowance guide is $1 for every year. I'm thinking about it so he understands that we have an unlimited amount of money. I'd like him to understand that he has to save his money if he wants something and he needs to decide what is more important to him, that $2 hot wheel today or the $30 lego set in a few weeks. I think that I'm going to start this this week and let you know how it goes. He's already paid me back this week for something this week that he wanted from the toy store, he had some money stashed away from a few easter eggs. I hope that he learns the value of money early on in life.

I just received some unexpected money from work and we've decided to pay off 3 credit card accounts currently on a debt management plan. Wohoo! That'll be nice to see that we've completed the program and get our credit score up. Plus. The husband and I have opened up ROTH IRA accounts through ING with automatic monthly deductions. I figure it's time to finally do that. We're now in our 30s and I imagine that it will grow and grow over the next 30 years until we're ready to use it.