Timeline for How to teach personal accounting to an 8-year-old
Current License: CC BY-SA 3.0
17 events
| when toggle format | what | by | license | comment | |
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| Jun 1, 2020 at 9:23 | answer | added | learn everything | timeline score: 1 | |
| Apr 6, 2018 at 9:05 | comment | added | Spehro 'speff' Pefhany | I know you said "not computer" but consider a simple spreadsheet. It's got the feel of paper without the paper, and you can't learn that stuff too early. | |
| Apr 5, 2018 at 13:53 | comment | added | mbork | @Agent_L: I considered parenting SE, but I think more people here have children than people there know a bit about accounting. Also, I am very much opposed to the banking system in general and non-cash payments in particular (for quite a few reasons). While I do have a debit card (but no credit card), I (almost) only use it to take cash out of ATMs. I don't think cash is going away anytime soon anyway (that would be a disaster on so many levels...). On the contrary, I'm afraid that the current system might not be sustainable in the long run. | |
| Apr 5, 2018 at 7:50 | comment | added | ssn | @ashleedawg Depending on where you live a decade may even be too much. In the Nordics already now people don’t use cash very often. Personally I haven’t used cash in many years - only when traveling. Guess it differ from country to country how easy it is to live without cash, if all stores/shops etc accept electronic payments. | |
| Apr 5, 2018 at 4:00 | comment | added | ashleedawg |
I think this is an excellent idea. My mother had a rule that "money is no business of the child". (I ended up financially ruined a few years later!) However, you said I think that the haptic feeling of "real" money (as opposed to virtual "money" in a bank) is important ...note that you think that. In a decade, the eight year old will rarely be touching cash, and there's a good chance society will become fully cashless during her lifetime. Might be better to prepare her for reality. I was just talking with a 25yr old and I was surprised to learn that she'd never "not had the internet".
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| Apr 4, 2018 at 16:52 | comment | added | NKCampbell | Like @Agent_L suggests, an account w/ a debit card is a good way to go - look into Current.com - no age limit on the Visa debit card you get, you can setup recurring payments, supports giving and savings accounting as well, and you can use the card anywhere. Very cool service | |
| Apr 4, 2018 at 16:30 | comment | added | Agent_L | I wanted to suggest doing something exactly opposite: ditch the physical tokens and use a bank account with a debit card. It keeps track itself. Sadly, often there is minimum age requirement of 13. Sounds more fit for parenting SE. | |
| Apr 4, 2018 at 16:06 | answer | added | Dragonel | timeline score: 5 | |
| Apr 3, 2018 at 19:23 | comment | added | fred_dot_u | If you consider personal accounting to include managing a budget, I would suggest that the envelope method may also be of some value in this example. | |
| Apr 3, 2018 at 15:25 | answer | added | Dan | timeline score: 27 | |
| Apr 3, 2018 at 15:05 | history | tweeted | twitter.com/StackFinance/status/981186011286917122 | ||
| Apr 3, 2018 at 13:03 | review | Close votes | |||
| Apr 3, 2018 at 22:58 | |||||
| Apr 3, 2018 at 12:03 | history | edited | Ben Miller | CC BY-SA 3.0 |
edited title
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| Apr 3, 2018 at 11:52 | answer | added | Pete B. | timeline score: 42 | |
| Apr 3, 2018 at 11:51 | answer | added | Daniel | timeline score: 25 | |
| Apr 3, 2018 at 11:42 | review | First posts | |||
| Apr 3, 2018 at 12:44 | |||||
| Apr 3, 2018 at 11:40 | history | asked | mbork | CC BY-SA 3.0 |