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I haven't started with my daughter yet but with my son I used to make him write out his own monthly financial statements. Basic Balance sheet and income statement. Didn't take long at all as there wasn't much to write. He might get some money for doing choirs or as a gift that would fall under income and maybe he would buy flowers for mom for mother's day that would be expense. Then we would track the value of his assets. Bitcoin, a couple silver and gold coins and I had a small stock market account for him but have since sold that and he just holds Bitcoin now.

this is a great idea actually, never thought of doing a balance sheet. going to implement this, i think it will be quite good for my youngest who is much more of a spender as compared to the eldest who is a saver

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Are his chores denominated in bitcoin?

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He doesn't get paid for chores anymore (turning 16 this year) but when he was younger he started on a fiat standard but was moved to a bitcoin standard when I was comfortable with him having his own wallets (hot and cold).

I will start this soon with my daughter.

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