It's not about how much money you give someone,,, it should be about what they spend it on.

The girls in my family at Takhmau have always received a weekly allowance, but they have to write it in their diary book every day. I never check to see what they spend it on ,only to make sure they fill it in every day. The 8 year old gets 5,000 r per day, but does not have a book until she is ten , then her allowance goes up to 10,000 r
The 10 year old get 10,000 r per day, and the 18 yo gets $3 per day
The 20 yo that lives with me, has a job and only gets free board, elc, water and internet, but still fills out her book ,,, sometimes.
Their mother is bloody hopeless with money and I now refuse to give her anything.

I would suggest any one giving money to girlfriends / wife's and even do this your self,,, lead by example. Write everything in a diary book as if running your life like you are like running a business.

I can go back 15 or more years and show, on that day ???? that Month ,,, That year,,, I started the day with XXX amount of dollars in my pocket, and spent XXXXX dollars that day and ended up with XXXXX dollars for the next day.

$0

When you get serious you just have a joint account.

I'm here cause I lived in PhnomPenh.
Now I live in Marrakech, Morocco.
I swear it's the same, exactly the same, when it comes to covering expenses

Duncan wrote:It's not about how much money you give someone,,, it should be about what they spend it on.

The girls in my family at Takhmau have always received a weekly allowance, but they have to write it in their diary book every day. I never check to see what they spend it on ,only to make sure they fill it in every day. The 8 year old gets 5,000 r per day, but does not have a book until she is ten , then her allowance goes up to 10,000 r
The 10 year old get 10,000 r per day, and the 18 yo gets $3 per day
The 20 yo that lives with me, has a job and only gets free board, elc, water and internet, but still fills out her book ,,, sometimes.
Their mother is bloody hopeless with money and I now refuse to give her anything.

I would suggest any one giving money to girlfriends / wife's and even do this your self,,, lead by example. Write everything in a diary book as if running your life like you are like running a business.

I can go back 15 or more years and show, on that day ???? that Month ,,, That year,,, I started the day with XXX amount of dollars in my pocket, and spent XXXXX dollars that day and ended up with XXXXX dollars for the next day.

That's a great thing you're doing Duncan. I've kept meticulous track of my daily expenses for over ten years now, and it's great. I've got a spreadsheet that goes back all the way. I tried to get my lady to do it a few times, but she can't keep it up.

A few months ago, when we first talked about increasing the food stipend (or whatever you want to call it) as she said she was spending a lot of her own money on it, my first point was that I wasn't against it at all, but she should keep track for a month so we cout see where the money was going (I knew exactly how much is spent on food). She'll do it for five days or so, but then forgets a day or two, and then it falls apart as she hasn't been able to make it a habit. It's a great habit to instill in young children. So many people can't manage money because they can't do this simple task.

I explain it to the kids and all the family like this. Go to the market and you will see lots of poor villagers selling things. Mostly they are poor because they dont keep a record of what they sell or what they spend.

Now compare that to rich businesses , like banks . Do they give you money without writing it down . If you give the bank money , do you expect them to write it down in your bank account.

When we go to Lucky or Bayon Supermarket ,,, they give you a receipt to show what you paid .


That is why they are rich , because they write it all down.

OK , kids today's lessons are over .

Duncan wrote: ↑Fri Apr 10, 2020 11:51 am Mostly they are poor because they dont keep a record of what they sell or what they spend.

Yeah, Cambodian coconut sellers aren't poor because they were raised in a developing country and are poorly educated and no marketable skills. It's because they don't keep records of the coconut sales.