Our traditional summer student jobs go from May 1 to end of August here in our neck of the woods. That's when the Uni kids are done and home and ready to work. The gov't jobs and municipal jobs gets snatched up then.
DS1 didn't get home until the end of the first week of June. Tougher to find jobs at this point that are above minimum wage. Min wage is currently $10.20 here in SK. For those interested, here is a link of Min wage across Canada (as of June 1/15)
The night he came home, a buddy of his popped over to welcome him home. Somewhere during their catch up time, DS asked him if he could think of anyone hiring at this point for a job. The buddy said there might be one at his work, and to get his resume there the next day. Grunt work, sweeping and loading/unloading grain cars, but good money, relatively speaking...$17 an hour
DS got the job. Thank you buddy!
He gets paid every two weeks. He was pretty frugal ( I think) with his money while he was down in the States, but he was spending a lot since he got home. Mama decided he needed help tucking money away.
We ( the royal we) decided that he wanted to have $1000 in his account when he left. We did this last year and that gave him money when he came home at Christmas, and some to survive when he gets home in June, before a theoretical paycheck. Then he needed to save $ for college.
So we are leaving enough in his account to pay for two weeks of expenses....Gas...gym fees...his ball hockey group he is in...hockey in the city once a week etc. He has to stay in shape or they will send him home in Sept. The rest I am transferring into my savings account and holding for him.
He didn't put up a fuss about it, so that means he trusts me to see the bigger picture. woo hoo!
Just in: picked up the mail and found that DS1 is now receiving the GST rebate check. I haven't had one of these in forever. Kinda forget they exist. He gets $128 x 4 over the next year. That will help him add to his savings.
Tuesday, Nice weekend!
1 day ago
2 comments:
I'm really curious how you keep his money separate from yours if it's in your savings account? When I was saving for college I had my own savings account, separate from my own spending (chequing account). Once I was 18, my mom no longer had access o any of my money. We talked about it, and planned for things, and I could choose to share, but I didn't have to.
Good question. Our main accounts are at BMO. Checking, savings, the boys' accounts, and mortgage. The savings I have here is tiny. The bulk of my long term savings gets moved to the Credit Union. I have a sticky note on my computer that shows the 'categories' for the savings balance. Ex - I put money each month into here for salon, for membership fees (Costco, CAA, my drivers, etc) and now DS1's balance. It makes it easy to transfer it back into his account when it's time.
He had the option to make it open to him alone when he graduated. Since he was going to college in the US he opted to keep it open so I could move money in and out when he asked me to. His theory was, as soon as he was paying for everything himself, he'd close it.
Post a Comment