The kid’s ABCs of finance, waking up

Family Man

I told my wife we had to let our son try and fail, even if it made us nuts.

When our son entered middle school and started getting letter grades, my wife and I decided to pay him for what he earned.

We’d give him $20 for an A, $10 for a B and nothing for a C. If he got a D he’d owe us $10, and if he got an F he’d have to fork over $20.

Since implementing the system, the kid’s received only A’s.

We’re teaching him to take control of his education and manage his money, which he’s been ...

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