While your parents may have thrown you a few coins each week for an allowance, kids these days certainly seem to be making out pretty well. According to RoosterMoney, an app that tracks kids’ allowance and chores, 69%% of parents say they gave their kids an allowance last year, with the average weekly amount being $9.06, or $471 a year.
Now it may suck for kids to have to do chores to get some of that dough, but it sure sounds like they are getting paid well. The report notes the top earning chore is washing the car, which can earn them $4.60, followed by gardening, $4.34 and cleaning their bedroom $2.71
And it turns out not all of those kids are running to spend their money as soon as they get it. In fact, kids are likely to save 42% of the money they’ve earned, which is better than the average adult, who tends to only save about 2.4% of their income. As for what they're saving it for, phones are the top items, followed by LEGO and when it comes to spending, candy is the most popular purchase, followed by presents.
Top Things Kids Save Their Allowance For
- Nintendo Switch
- Nerf toys
Top Things Kids Spend Their Allowance On
- Roblox (New entry)
Source: Yahoo Finance
It certainly isn’t a secret that most people do not like to talk about money, but it is a little surprising just how much they hate conversations on the subject. In fact, a new survey reveals all the things folks would rather do than deal with their finances, and some of them may shock you.
- 32% of people would rather go to DMV than work through a detailed financial plan
- 20% would even be willing to spend an hour in jail rather than build a five-year financial plan
- 34% would rather spend an hour in traffic than review their money mistakes with a financial advisor
- 47% would rather drink orange juice after brushing their teeth than spill money secrets to a friend
- 34% would rather share an embarrassing photo of themselves on social media than a screenshot of their account balances
- 16% would rather watch a steamy sex scene with their parents then admit their biggest financial mistake
With all these revelations, it isn’t surprising to note that 56% of people say talking about their personal finances with someone else makes them uncomfortable. When they do talk finances, 67% are more comfortable talking to their partner or parent, as opposed to a professional advisor (17%).
- ONE MORE THING! When it comes to folks and their relationship with their bank, it seems a lot of people don’t have good ones. In fact, 17% of people think it’d be easier to break up with their partner than change their bank, while 27% of folks who’d rather get stung by a bee than move their money to a new bank.
Source: SWNS Digital
After working for 10 years in big city emergency departments and ICUs, Christine Burke traded night shifts for being a school nurse, so her schedule worked better for her kids in elementary school. It was more challenging than she expected and there are things she and her fellow school nurses wish parents understood more fully. Here’s what they want moms and dads to know to make taking care of their kids during the school day easier.
- Medical forms are crucial. Fill them out - In an emergency, every second counts, so having a parent’s updated cell phone and work numbers is crucial. It’s a pain to fill out those forms every year for each child, but when your kid needs an ambulance, you’ll be glad the school had your correct contact information.
- Lice is not a big deal. Yes, really - Parents tend to freak out if anyone even mentions lice, so if their kids get it, they really lose it. But if your kid is found to have lice nits, take a deep breath, it’s not that bad. Nits can’t jump from head to head and can’t survive without a human. Plus, lice affect all socioeconomic classes and it happens to all kinds of kids, so relax, you can handle it.
- If they call to say your kid is too sick for school, they mean it - No parent wants to see a call from the school clinic on their phone because it may mean their whole day is going to be derailed, but school nurses only call when they need to. Their job is to keep the entire school healthy, so if your kid has a fever or is throwing up, don’t give the nurse a hard time for asking you to do your part and take your kid home to get well.
- Elementary schools take donations of gently used clothing and underwear - In elementary school, accidents are going to happen. From not being able to get to the bathroom on time, to splitting their pants at P.E., young kids may need a change of clothes at times and school clinics like to keep fresh undies or pants on hand, just in case.
- A “thank you” goes a long way - School nurses tend to be forgotten, unless there’s an emergency. But that person is working hard every day, taking care of your kid and everyone else’s, so pop in and offer your thanks sometime. And don’t forget School Nurses Day, which is May 8th, 2019.
If you’re dealing with the January blues, a nice coffee drink could help boost your mood. These days, Pumpkin Spice Lattes are just a faint memory, but Starbucks has a new beverage to get us through the winter. The Cinnamon Shortbread Latte is here and some are saying it tastes just like cookie butter in a cup! And they had us at cookie butter.
The drink is made with espresso and milk, flavored with “notes of brown butter and vanilla,” and it’s finished off with cinnamon and nutmeg. You can get a Cinnamon Shortbread Latte hot, iced, or as a Frappuccino, so you can take your pick. They’re available now, but only for a limited time, so don’t miss out on this sweet treat.
Source: The Daily Meal