Managing Mini’s Money-Madness
Posted on December 27th, 2009 by Thomas Brock
Mini was recently giving me a run-down of her day and mentioned that her mother needed to visit an ATM because “she still owes me my allowance.”
I didn’t like that particular sentiment. I’ve worked very hard to keep Mini from developing a sense of entitlement, especially in regards to money, and especially if it’s money from her parents/family/friends or anyone that she’s not employed by.
Mini and her mother have some sort of arrangement that is supposed to help her learn to manage money. The deal is that Mini does chores around the house and is provided an allowance for it. Then, out of this allowance, Mini has to pay back to her mother an amount for “rent”, “utilities”, etc. It all sounds like the episode of The Cosby Show wherein the Cosby parents try to teach Theo about money by making him pay for rent, food, furniture, etc. with Monopoly money. And it’s not something I’m necessarily against, though I remember Mini being quite upset about the whole deal at the beginning because she thought her mother would evict her if she didn’t pay.
I try to teach Mini money management in (what I feel is) a less direct way. AM and I will let Mini choose a meal or recipe to prepare for breakfast, lunch or dinner and we’ll help her figure out what ingredients we have and which ones we need to buy. Mini will have a budget to purchase the ingredients and helps to pick and buy them. The budget comes from AM or myself, not some arbitrary “wage” paid.
I think Mini has learned that she’s not “owed” any money, not even as allowance. It was a frustrating telephone conversation, especially since I was at work at the time, but I kept my cool and explained to her that when it comes to money, as a 9-year old, nobody “owes” her any. I also explained that, even as I’m 31 years old, no one “owes” me money, either.
How do you handle money concerns with your tweenager? Share ideas, make suggestions or ask questions in the comments.






Since the girls are on their extended Christmas break, I have been thinking of ways to keep them from “vegging” out during their break. I don’t want the first week back in school to be an absolutely nightmarish battle so here’s what I’ve come up with so far.

Well, my husband finally deployed. Since August it’s been up and down; we’re going here, we’re going there, we’re not going anywhere (that sounds a little Dr. Seussish, lol). Finally though, he left. This time hasn’t been easy.