Thursday, September 20, 2012
Last Will and Testament
Over the last several days we have been composing our last will and testament. It's strange to think about what would happened if you died. The big question was whether or not we wanted to be cremated. Also with all the insurance money we would leave behind if both of us were gone, trying to split that up among family members and a close friend of ours. We decided that D-boy would have his inheritance but not all at once. Its very specific about how much he would receive if he only graduates high school, if he graduates college, or if he goes to a trade school. It wasn't meant to be upsetting in any way, its just that we've seen too many stories where people win the lottery then they lose all the money within 10 years. I'm hoping we are teaching D-boy the basics on how to earn money, give money, save money and spend.
We bought a kit several months ago for D-boy. He has to do jobs to earn money, cleaning his room is $1, emptying the dish washer $1, putting his clothes away $1, you get the idea. At the end of the week he has a payday and a portion goes in his give envelope, save envelope and spend envelope. We went to a store where we saw a little boy throwing a fit because his mother would not buy him a pair of sunglasses. As D-boy and I walked out he told me "Mommy, I don't think he understands that you have to work to earn money to buy something you want". I was so excited that he had already learned this lesson in just a short time. Now when we go to the store he looks at toys but we don't buy them, he figures out what he needs to save to buy the items himself. He did ask me what jobs I'm doing to earn money. Now that I'm at home its not at easy to answer that question. I made oatmeal cookies the other night, since they were so yummy I should at least get $20. I also made dinner, nothing too fancy so I'll put it on the chore chart at $10. I folded the laundry and put the clothes away, maybe I should charge $5.
Last but not least I cleaned my bathroom which I hate doing, I think I should get a bonus...
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