“How to Manage Your Money”
Though I could say that I have an entrepreneurial spirit, I admit that I suck at managing money. No matter how much I earn, I always, ALWAYS end up with less or worse, balance is below zero. It happens all the time. But life is good, it always is. I learned my lesson the hard way and I am slowly recovering. I am now listing all expenditures and relieving myself from ‘retail therapy’. You see, this kind of therapy will not, in a way, treat your problem but instead works like a band-aid — and you know how band-aid works: it only conceals the wound AKA debt.
Rising from the debt pit is hellish. It is a scenario that I don’t want my kids to experience someday. I want to instill financial literacy on them as early as now. Enter Dave Ramsey’s Financial Peace Junior kit!
As you all know, Dave Ramsey has pulled thousands of Americans from the debt pit before, during and after the recession period. I am a fan of his envelope system and I firmly believe that if it worked for them, why won’t it work on me? In all honesty, I tried it when I was working full time and studying part-time for my B.S. degree. It worked for 2 years, it did. I just do not know why it won’t work now. Wait, I know, the D word! I lack discipline now because perhaps I have other people to consider like husband and kids? Probably.
But anyhoo, let’s move on to this post’s topic: Dave Ramsey’s Financial Peace Junior
I got mine from a fellow homeschooler, the whole kit costs P700 here though it is being sold only for $14.39 (P604.39) on Amazon — plus shipping to the Philippines, customs taxes and all, my… P700 was a steal!
The Dave Ramsey Financial Peace Junior is advertised for kids 3 to 12 years old. I should have bought two for my 9 and 3 year old kids BUT I don’t think we can afford 2 kits these days so I only bought one. Let’s see if we can work around on one kit for the two of them otherwise, I’ll improvise, improvise, improvise. That’s the gift given to us moms, right?
- Battle of the Chores audio book
- Quick start guide
- Parent guide — a must read!
- Give, Save and Spend plastic envelopes
- Dry-erase chore chart with pre-printed chore labels
- Dry-erase marker
- Five refrigerator magnets and a magnet frame
- Junior’s Activity Book with age appropriate activities and lessons
This financial lesson is part of our third term lessons so I hope that the kids will learn something from this not just for school but for life. This is something that I wish my parents have taught me when I was younger.
Kids these days are so lucky to have readily available materials for lessons like this. Walang ganito noon! They’re colorful, unlike the Johnson and Johnson alkansiya noon. I personally believe that life skills are far more important than any academic lesson they’ll learn in school hence this financial literacy lesson. We will post our review on our homeschooling blog.
Hope this works!