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2023-10-08 23:29:04

π•„π„Ξœπ”Όβ“’ 𝔼𝔩αŽ₯ŀ𝐞 on Nostr: Small scale version of this with the kids 9 & 12 They receive a % of chore/pocket ...

Small scale version of this with the kids 9 & 12
They receive a % of chore/pocket money into a lightning wallet.

The eldest splits the payment into additional wallets for saving / spending / specific event-or purchase wallets.

When goals are reached we procure the items with them if vendors are not btc enabled, they transfer funds to our lightning wallets.

If out and about and they find something to purchase, same deal we assist the fiat payment as needed and they pay realtime in lightning.

Simpler than a bank account, they can see funds in & out and how savings are working.

Start early, encourage budgeting, make it simple.
The #Lightning Network has the potential of being a great budgeting tool in the future.

A channel for the amount of rent with your landlords node
A channel with the amount of groceries you buy bi weekly with your fav grocery store.
A channel with your car dealership
etc.

And you don't open a channel with your employer, once your salary hits, all your channels reset.
Author Public Key
npub1gke42gwrz2ja5np9tpcr449785hx6zxgzf2329x8584h4d06puzqg33xp3