While we trying to teach him that saving money is a is a matter of course, we also want Junior to have the best childhood possible without unnecessary worries. Therefore, we have given him a Mastercard via Revolut which is linked to my account at Revolut. I get a notis from Revolut as soon as he makes a purchase, making it very easy for me to make sure he always has at least $150 on this Mastercard, whether he spends $1 or $149 per purchase.
Although we have not set any limits on his purchases, Junior has never abused this debit card and uses it almost exclusively to eat school lunch outside of school once or twice a week. This behavior, mainly on my part, means he has never had to learn how to balance a budget.
If he chooses to move from Stockholm when he starts his university studies, I will set up a budget with him starting in January 2026 that he must learn to follow so that he is ready for a possible move.
AI generated image with Grok
No comments:
Post a Comment