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Getting Teens to Buy In

February 4th, 2009 at 01:33 am

First...Thank you for all of the welcome comments Smile
Am greatly enjoying reading everyone's updates.
So, as noted on my side bar, I am the mom of 3 teenagers and over the last few days, have been talking frankly with them about ways each of us can contribute to improving our finanical position. You know little things that we can each do to help -- like turn lights off when you leave a room, don't dry clothes for 2 days, don't eat 2 entire bags of chips in one sitting (my son is a human garbage disposal!). Anyway, am realizing that "change", for all of is not going to happen overnight, but is rather a gradual process which will hopefully lead up to each of us doing our part to help. While reading Thrifty Ray's Blog a few days ago, saw the Thoreau quote = "The price of anything is the amount of life you exchange for it". This gave me the idea of quantifying our finances in terms of hours of work rather than in dollars in an effort to give my kiddos a different perspective on things. Here is is an exampe of what I printed up for them and hung on our fridge:

***Dollar values where XX's are.
Anyone else ever look at their expenses in terms of hours of work it requires?
What do ya think?

6 Responses to “Getting Teens to Buy In”

  1. oceansluver78 Says:
    1233712020

    I bet my mom can relate, there was five of us growing up! I was very grateful my mom could sew like a pro!, but I sat down with my last pay stub anf figured out how much i worked in hours per all deductions and figured out i worked 55 hours to pay for my work uniforms yikes EEK! but that chart was an awesome idea great job

  2. Lady T Says:
    1233712153

    I love your idea; I think I will make a chart like that!!!

  3. creditcardfree Says:
    1233714217

    That is excellent way of quantifying things!!

  4. whitestripe Says:
    1233715324

    yes i do that a lot, when i am trying to justify buying something!
    things like magazines get me the most! if i pay $9.90 for a magazine, that's half an hour of my life i worked for that. then i spend about 3 hours reading it, so that's 3.5 hours. most of what i read, i find, i either know anyway (magazines are sometimes repeating their stories) or have advertising for more things i could think about buying... which leads to MORE hours of working to buy the things... argh!

  5. shiela Says:
    1233717454

    I do that all the time. I also look at how much XX amount of money will be in 5,10,20years time if I invest it instead of spending it on useless junk today. These way of thinking helps me a lot.
    Yep - time is money.

  6. LuxLiving Says:
    1234304116

    The book "Your Money or Your Life" by Joe Dominguez talks about this quite a bit.

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