Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Thursday, May 1, 2008

Cost Benefit Analysis....by Acountant Jane


Jane brought home some work she had completed at school and I was so excited to see she gets the concept of money. Here's what she seems to understand:

Sould I get a horse?

Benefits (Pros)
  • fun riding
  • Have party with it.
  • If don't have car...ride horse.
  • having races
  • something to play with.
Costs (Cons)
  • Pay taxs
  • Have to get money for buying food.
  • Somewere for it to stay
  • money for it.
In Second Grade they are doing a unit on Needs vs. Wants and Money. I love this because we have always tried to teach our children to be responsible with their money. Last year Jane and I discovered that if you own a horse (or any livestock in Missouri) you have to pay property taxes on them. After much consideration Jane has decided she wants a bird.