Greetings from London! I’ll be away until July 1. In the meantime, please enjoy the following guest post from illustrator and writer Colleen on her insecurities with money. Perhaps you have some financial insecurities as well you’d like to share in the comments section.
I was going to write a post about kids allowances. How much do people give their kids these days? Do they tie allowances to doing household chores? Are kids allowed to spend their cash on whatever they want? That’s what I was going to write about, except I was bored before I even began typing.
When I surveyed some friends on Facebook, nobody would say what the going rate for allowance was in their household. People just ignored that first question and moved on to tell me that they don’t tie allowance to chores because they want to teach their kids the intrinsic value of pitching in to take care of the home together (a few found payment for chores more effective—you gotta admit picking up dog poo IS a nasty job worth at least 50 cents).
I wanted to know how much people paid their kids. Surely that’s not a touchy subject like asking individual ADULTS how much they make at their jobs. But the ten people who responded to my survey either did not or would not say. I figured I’d start asking my son’s friends, feeling a little sneaky about getting the answer from the horses’ mouths, but the first friend deftly dodged the question (I asked her twice), so I figured maybe it wasn’t such a great idea being a nosy body, especially when I wasn’t all that interested. I did learn about a three-jar system some folks use to teach their kids money management: a jar to keep cash for Saving, a jar of cash for Spending, and a jar of cash for Giving. I never heard of that before, so I did find THAT interesting.
Cash, dough, bread, greenbacks, cabbage, moola. All these names, but talking money is a big fat taboo. Why? I’m curious about the salaries of friends and acquaintances, but I will never ask the specific number. The question is not meant to be asked. But if we can agree that money does not define who we are, and a salary figure is only one factoid among many that describe us, then why is the subject of personal finance so loaded? Wait, let me take off these rose-colored glasses… Despite the niceties, we know society is still judgmental, and we are insecure about our self-worth. We don’t want to be judged. Not only that, we don’t want to be taken advantage of.
How do we judge thee by thy money? Let me count the ways. In fact let’s use the three-jar system for fun. I’m going to fill each jar with common hangups, neuroses, and prejudices that surround the the topics of Savings, Spending, and Giving.