Now that we are debt free we are officially instituting a commission policy for our three kids. Over the years we have tried varies ways to pay our children for chores. We’ve tried a straight allowance system, tracking sheets, etc. None of these really ever stuck falling off after a few weeks. Now that isn’t to say we have not given them any spending money at times, we have, when they had plans with friends, things like movies, school dances, etc. We sat down recently with our children and explained the commission system would work. It will be up to them to keep track on a weekly basis of the things they have helped with around the house. The more one does the more they potentially can earn. The totally amount is still a work in progress. We are working the total amount into our monthly budget. Most likely a $30-40 total per week range. This would be divided up among the three. They all agreed to keep track of the items completed and the lists will be kept on the refrigerator.


Commission Item

Here’s the list of items we came up with:

  • Set dinner table
  • Clean dinner table
  • Take out trash
  • Load dishwasher
  • Empty clean dishwasher
  • Mow lawn
  • Yard work
  • Feed Mushu (our dog)
  • Walk Mushu
  • Pick up Mushu’s poo
  • Laundry
  • Fold and put laundry away

The children are free to add an item at any time. We want them to take the initiative to pitch in more around the house. Items like mowing the lawn, yard work and picking up the dog poo will be weighted a bit heavier since they are more involved them the other items. We want to add preparing meals to the list. This is something we are working on.

Commission Week One

Week one went pretty well. $25 was paid out in commission. My daughter and youngest son earned $10, and my oldest son earned $5. My oldest son didn’t do a good job tracking he progress during the week and missed some possible earnings. He tried the old “I didn’t know we started yet” trick but I wasn’t falling for it. He’s been warned and ready for a better week two.

How do you handle allowance in your house? What items do you expect your children to help with? Did you receive an allowance growing up? If so what were you expected to do?

Posted in Budget, Education | Tagged , , | 9 Comments

Financially Savvy Saturdays #60

Welcome to Financially Savvy Saturdays, the savviest personal finance blog
hop on the planet, created specifically for personal finance writers! We
welcome all things money here. Whether you’ve written anything from how to
pay off all your debt to how to be a side hustle superstar, you’re invited
to link-up.

If it ties into personal finance, we want to read it!

Debt Discipline

Tweet about it. You can use #finsavsat when
tweeting about the party!

Concerns about SEO? Recently many bloggers have decided to
stop participating in events such as Carnivals. If you’re worried about how
participating in this link-up could effect your SEO, I’d encourage you to
check out this article.

Interested in co-hosting? Co-hosting is fun AND easy. If
you’re interested, you can email me at brokeGIRLrich (at) with
any questions. Or if you’re ready to take the plunge, you can sign up on this Google doc.

Feature of the Week

As this week’s co-hosts, I got to selected my favorite post from last
week’s blog hop to be one of this week’s feature, Student Loan Debt: 5
Things I’d Tell My Pre-Graduate Self by Sam from FUN on a BUDGET.

Click here to read her post!
here to read her post!

If you submit a post, you could be featured in next week’s party!

We do have a couple of rules for
participation. Those who don’t follow the rules will have their link taken

1. Your post must be written in the past seven days, related to personal
finance and not be solely a giveaway.

2. Be sure to include a link to one of your hosts by copying and pasting
the html in one of the boxes below into your linked up post. You have the
option of the button or a text link.

3. Follow your hosts. You can follow brokeGIRLrich on Google+, Facebook, Twitter, Pinterest, OR by subscribing to her RSS feed. Also, you can follow Debt
Discipline on Twitter, Google+ OR

4. Comment on at least one po4st before and after you that have joined the


Please copy and paste this button into the post you link up:


OR copy and paste this code for a text link:

<em>*Part of Financially Savvy Saturdays on <a href=""
rel="nofollow">brokeGIRLrich</a> and <a href="<"
rel="nofollow">Debt Discipline</a>*</em>

Posted in Guest Post | Tagged , | Leave a comment

Week End Round Up #53

Happy Friday! Welcome to our week end round up #53. Have you checked your calendar yet? We’ve half through October and there are plenty of Holiday posts starting to pop up in the blogosphere. Do you have a plan? Just a little friendly reminder from Debt Discipline to get your Holiday spending plans in order. I was listening to some music on my iPod this week and came across a song called “Waitress” by the band “Live.” Now the lyrics have some profanity in them, so don’t click the link useless you are willing to hear the B word, among others.

come on baby leave some change behind
she was a b***h but good enough
to leave some change,
everybody’s good enough for some change

Keep that in mind the next time you’re are calculating the tip on your restaurant bill.

What’s your weekend plans?

Now on to some of my favorite reads from the week:

Debt Free at Last: Our Debt of £41K Has Been Paid Off! @ Disease Called Debt

Why You’ll Never Be Happy keeping Up With the Joneses @ the Frugal Farmer

Is Assuming the Worst Keeping You From Saving Money? @ The Broke and Beautiful Life

The Difference Between jealousy and Envy @ Club Thrifty

Here are some of my favorite blogs:

Messy Money
Frankly Frugal Finance
The Frugal Farmer
Debt Debs
Enemy Of Debt
Disease Call Debt
The Broke and Beautiful Life
Club Thrifty

I continue to featuring Interviews of fellow Personal Finance Bloggers, please consider participating.

Please e-mail me for more details.

Have a great weekend!

Posted in Personal Finance, Week End | Tagged | 3 Comments

What Comic Con taught me about Personal Finance

I attended the New York Comic Con this past weekend with my three children. We had a great time. My daughter and youngest son got into the spirit and cosplayed, and I saved some cash by attending on Sunday which had the cheapest tickets. Roughly 150,000 people attended the four-day event and unofficially is the largest crowd to attend an event like this. San Diego hosts a similar event each year which the goal of promoting the appreciation of comics and pop culture. I’ve been a super hero fan as long as I can remember. I grew up on Adam West’s Batman and Spiderman has always been my favorite. My first taste of a big New York City comic book show was back in 1984 with a childhood friend. We went into the city to spend some time with his grandparents and saw Ghostbusters and hit a NY Comic book show. Talk about an awesome weekend! I don’t believe it was called comic con back then, but was my first experience at a big show. I have been to a number of local shows over the years that used to be hosted at random hotels ballrooms on weekends. I still have a bounty of about 500 comics that I’m saving for retirement. Don’t worry I have other retirement plans and don’t track my comics as part of my net worth. Today I’m here to share what Comic Con taught me about Personal Finance.

comic con

Side Hustling

One of the main features of comic con is the show floor which features of series of exhibitors or to more exact vendor booths selling merchandise. Some are big names, Marvel, DC, Chevrolet, but many are small business booths. We saw re-sellers of merchandise, but many had taken comic related items and put their spin on them and created unique t-shirts or art work and had them for sale. One example is an artist Josh Siegel and his modHero art work. He had prints for sale for $20. Check out his work I really like it. There were tons of booths featuring original art work, comics, t-shirts etc. all I’m sure was not their main source of income, but for these four days was a nice source of side hustle income.

comic con

Residual Income

For many celebrities conventions like this act as a big source of potential residual income earnings, based on their previous work they can command anywhere between $20-50 for autographs and photos with fans. If you have never seen the classic William Shatner SNL skit portraying a Star Trek convention, now might be a good time to check it out. Ralph Macchio was one of the celebrities at this year’s convention. Now I know Ralph from the original Karate Kid and My Cousin Vinny movies. I had to explain to my kids who he was, but he was still able to command $20 per autograph. We shelled out $60 for autographs and photos for two voice actors. The first was for Veronica Taylor the voice of Ash from the Pokémon series and second for Vic Mignogna a voice actor in a number of animated series. My kids were extremely excited for the opportunity.

comic con


There was a ton of creativity on display at the show. Whether it was original art, writing, design, etc. a convention like this showcases artist big and small. Once of the big forms of creativity is Cosplay. Cosplay short for costume play is a performance art where people dress up to represent their favorite characters. If not familiar with this art form its big business. The Syfy channel has a dedicated weekly show called Heroes of Cosplay and model Yaya Han has built a career around cosplay. Most conventions have cosplay contests for prizes. The NY comic con features a $1500 prize for the winner. My daughter and youngest son both cosplayed as their favorite characters, my daughter as Grell and my son as Brendan a pokemon trainer. They have already begun to brainstorm on costumes for next year and I believe they have almost talked their older brother into cosplaying too.

comic con

Overall we had a great time attending comic con this year. As you can see there is a lot of money to be made and be spent at a convention like this. We stayed within the budget of $100 per child for the day. My oldest son spent $25 and banked $75 for another day. My daughter and youngest son spent their full $100, but were very aware of their spending during the day. There first priority was autographs and after accomplishing that move on to other things. We are looking forward to attending next year. Who knows maybe I’ll don a costume.

Have you ever attended a comic con or cosplayed?

Posted in Money, Personal Finance | Tagged , | 29 Comments