Are you tired of your kids nagging you for an expensive toy that they keep on seeing on television or with their playmates? Are they the kind of kids who think money grows on trees and that they don't really have to value it? It might prove to be very useful if they would learn that this is not true.
As a parent, there are many ways for us to keep our kids from weighing heavily in our pockets. We could strip away their credit card access altogether and banish them to a friend-less, phone-less, Internet-less Amish existence. Although, there is an alternative that wouldn't end up with your kids hating you forever, and here are just a few of them.
You have to show your kids that money doesn't fall magically from the skies, it is earned. If your kids are little, you can try giving them a couple of responsibilities around the house and then reward them for a job well done. If they're a little bit older, you can ask them to find a job or start their own business, I hear Tennessee craft shows are a great way to do that.
Tell them to save some of their money up. By telling them about saving a portion of their allowance or earnings up, you teach them discipline and responsibility. Sit down with your kid and discuss opening up a savings account. Show them how their money can increase due to interest from the bank. Or try to convince them about starting out a college fund which would greatly help them after high school.
Teach them how to keep a budget. Better yet, plan a budget with them. Let them participate in the household budget with you and you can teach them all about the different expenses that they need to look out for. Of course, they wouldn't need to worry about some of the things like mortgage yet, but you can teach them a thing or two about setting aside some money for different things in life.
It's best to teach these things to our kids now, before they choke up our bank accounts with debt. Or you could just do away with their spending privileges, altogether. Whichever works. - 14915
As a parent, there are many ways for us to keep our kids from weighing heavily in our pockets. We could strip away their credit card access altogether and banish them to a friend-less, phone-less, Internet-less Amish existence. Although, there is an alternative that wouldn't end up with your kids hating you forever, and here are just a few of them.
You have to show your kids that money doesn't fall magically from the skies, it is earned. If your kids are little, you can try giving them a couple of responsibilities around the house and then reward them for a job well done. If they're a little bit older, you can ask them to find a job or start their own business, I hear Tennessee craft shows are a great way to do that.
Tell them to save some of their money up. By telling them about saving a portion of their allowance or earnings up, you teach them discipline and responsibility. Sit down with your kid and discuss opening up a savings account. Show them how their money can increase due to interest from the bank. Or try to convince them about starting out a college fund which would greatly help them after high school.
Teach them how to keep a budget. Better yet, plan a budget with them. Let them participate in the household budget with you and you can teach them all about the different expenses that they need to look out for. Of course, they wouldn't need to worry about some of the things like mortgage yet, but you can teach them a thing or two about setting aside some money for different things in life.
It's best to teach these things to our kids now, before they choke up our bank accounts with debt. Or you could just do away with their spending privileges, altogether. Whichever works. - 14915
About the Author:
Alix Montoya has been writing about festivals in Tennessee for a long time. You can find out the latest news on TN craft shows and join in on the crafting fun.
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