So my 16 year old daughter just got her first paycheck from her first real job! She landed an awesome gig for $8 per hour and 12 hours a week right after school at the library shelving books! She's awesome!! Anyway, she got her first paycheck today and is so excited to start her own budget spreadsheet! She has peaked over my shoulder and seen my fancy colorful custom budget for years and always wanted to play with it, so she is delighted to have her own now! She doesn't have any bills, but she pays for half of her guitar lessons and some of her snack money for school, and now money for movies with her friends will be on her (she picked $20 per month). She budgeted for an electric guitar she has her eye on ($10 per week until May 2015), she budget for saving for college books/education, and then she budgeted all of the rest, $120 per month, towards RETIREMENT!!!! (Almost brought a tear to my eye... Snif :`) so her paycheck is about $85 per week and she has $60 going to savings :)
I feel I have effectively started the journey of passing the torch!
I am bragging..... But I'm just so proud!!!
