I'm not a parent (yet I love watching your videos!) and a thought that came to me when you talked about step 5. Growth is sitting them in front of a compound interest calculator. They're so young, and they clearly have an excellent foundation of understanding. Seeing how the numbers increase and what interest can look like when they're in their late twenties just by leaving money alone might be a wonderful, tangible illustration for some!
Great video! My parents taught me a lot when i was a kid and i think its really important! Now, as a shop owner, i always help kids and try to teach them about money. Lovely Beck! He's my favourite ❤
It really does work! My father was a financial advisor and would have me calculate the tips of tabs at restaurants when we were done. My favorite topic also happened to be math so I loved it 😅😂 But things like that I’ll always hold true to my heart, I usually think of small things like that when remembering him ❤
Didn’t you say the kids have to split up their allowance between tithing, saving, spending? So, really, your child would have to save money for four or five weeks just to buy the dip-n-dots. I agree with teaching children the value of a dollar, but this seems overboard. A fun day out with mom gets turned into anxiety-ridden decision making over how to spend money, because it takes them so long just to afford a small treat. Especially since their weekly allowance has not changed to match the economy.. Healthy balance is important. Fun outings can be just that, fun. Money that is spent on our children simply to enjoy time with them and see their excitement and joy. Otherwise, I could see this backfiring big time and kids with this type of mentality going overboard in spending once they are adults and have more financial freedom (Or unable to make sound financial decisions because they will second guess it every time).
If she only gets to spend 20% of $4/ week, she can only spend $0.80. It will take 8.75 weeks for the treat. Also, on Instagram, jordan said that the passes to the park were from a company she is an influencer. So she covered the $0 to get into the park but won't buy a year.
@@Belle5- , unfortunately, the math isn’t mathing in the child’s favor. Definitely not realistic. Especially since it’s the children that are the content for the video. I would think a portion of the proceeds could go towards treats. If nothing else, as a form of “payment” for being in the video.
My kids have their own money but when we do days out etc food treats we pay for my eldest is 12 and clothes are getting more pricey if they want a standard white t shirt that's costly because it has a logo they buy it but I agree an ice cream etc shouldn't get put on them. If we go on holiday we cover all that stuff and we usually say you have so much for arcade or sovereign/toy. We did Disney last year and popped in shops throughout stay but didn't purchase till last day so they could think what they really wanted from what we said we would give them x
@@AubreyL-35seems your goal here is to make rude comments about Jordan’s content and her parenting rather than learn from what she’s educating parents on, that would help their children as well.
When I was a teen, my dad shared a lesson from the book, “your money or your life”. I wanted to buy a $40 shirt. He asked how many hours at my $5/hr job would I have to work, minus tax deduction. I decided that shirt was not worth ALL weekend of working.
My 4 yr old when she was like 3 or so she would point out her lucky charms and tell me if it has the sale stickers. She loves scanning groceries at self checkouts.
Thanks for sharing your knowledge on how to teach your kids how to understand the use of money. I really appreciate the tips. I have 3 kids so the fact that you can do this with yours is very helpful for me. ❤ The critics have nothing useful to say so ignore them. 😊
Jordan, you were talking about buying stuff your kids need versus them buying something they want. I have only 1 "kid" who's 19 and still lives at home. He works with his dad and gets paid for the job (my hubby owns his own business) we pay for stuff like car pay and insurance, and toiletries, if he needs socks and underwear. But if our son wants something else like a shirt or guitar strings, then he has to use his own money. When we have the time, we are going to have him open a bank account so he's not carrying around a bunch of cash.
Love all your videos! I’ve learned so much from you. I have a question, On the Greenlight card Is their a fee when you withdraw the money from the savings?
I am confused you said that if your kids are with their parents, you pay for everything. Yet when you were at the amusement park you told your kids they had to pay for snacks and souvenirs. Wouldn't that be considered everything? Why would they need to pay for that stuff? Shouldn't that be covered by mom and dad, especially when it is sponsored content or free passes that you got because of them?
I believe she meant she paid for the amusement park tickets, food, parking, etc. but if the kids want “extras” like ice cream or a stuffed animal, or whatever, then they should pay for it.
She paid for the park pass and the food but dip n dots at an amusement park is an “extra unnecessary treat” that’s also expensive. So if they really wanted it they would use their allowance if they thought it was worth it
I know you've talked about screens before, but how do you handle screen time with your kids who work for a RU-vidr? Considering you're on social media yourself, you're probably on your phone a lot (or am I assuming too much)? How do you model good behavior when it comes to social media? I mean, you have to be on it for your job. I also work for myself and know you can work many hours.
Jordan, can you do an updated video on what is a good base line to look for when it comes to sales. Years ago you said to buy meat when it was $1.99 a pound or less and to buy produce at .99 a pound or less. I know those prices are very rare to see now. What do you look for in a sale?
I think so many problems we have as Americans are that we are not teaching kids at all about money. The game cash flow is a great way to teach them about money as well!
Hi Jordan, at what age do you recommend a child gets a job? I have a 5 year old. She does lots of chores around the house and earnes allowance for those chores and savs the dollars into a piggy bank to purchase something later when she has earned enough. She also helps me to buy food at the grocery store that we drop off at an anonymous shame free, free little food pantry for those in need. What more should we be doing? I believe your twins are around athe same or so, give or take 1 year? What do you do with them at that age range specifically? Thank you!
For the non-religious: I practice “tithing” by a form of giving. As an act of gratitude for the resources I have after I pay bills, I practice “generosity”. Contributing to others in whatever form it comes in.
This might sound like a dumb question.. but I’m still learning to budget and be wise with my money. Is it ok to teach my kids along with me? I don’t want to seem like I’m this money expert when I suck at money too 😂😂
Do you pay or tip your children for providing media/RU-vid content? Do they charge you for using their time on your videos? I am assuming you are "one the job" when you are recording...do they work with you or are is this all free participation?
I love your videos, but i've just watched an IG reel in which you spent 80$ for a Taylor Swift sweater. I thought about your latest allowence video, you made your kids pay for every little want and you splurge so much on yourself? I've started thinking that you are cheap just when it comes to your kids, it's ok to teach kids the value of money and to save for what they want, but without them to be stressed or work super hard for every 5$ purchase.
I work with people with disabilities. Green lite is excellent for them because they have control over their money. It’s different when someone isn’t mentally competent to handle large amounts of money, but still need control over smaller amounts. Parents & other people can control the larger amounts like tracking the spending while the person still has autonomy over their finances.
@@sonyaberry9805 I don’t have disabilities I just like furthering education in anyway possible, I feel there’s never a way of being too aware with things like this
It really does work! My father was a financial advisor and would have me calculate the tips of tabs at restaurants when we were done. My favorite topic also happened to be math so I loved it 😅😂 But things like that I’ll always hold true to my heart, I usually think of small things like that when remembering him ❤
