| Children should learn the value of | | | | will find out very quickly just how bad |
| money. Too many times parents simply | | | | they wanted that item. |
| give their kids money to go to the | | | | There are numerous chores that a child |
| movies or to buy the latest gizmo | | | | can do around the house to raise money. |
| without the child understanding that the | | | | Have older kids rake the leaves or cut |
| cash did not just get pulled out of thin | | | | the grass. Younger kids can straighten |
| air. Kids will learn quickly if they can | | | | up the magazines or run out and get the |
| get something for nothing. It is far | | | | paper in the driveway every day. The |
| better for the child to learn that money | | | | point is they should earn the right to |
| has to be earned. | | | | purchase the item they covet so badly. |
| Parents are not teaching their children | | | | Kids should tell their parents that they |
| how to earn money at a young age. They | | | | are working towards buying something. |
| give the child a toy just to spoil them | | | | Parents can then set monetary values on |
| and wonder why the item is only played | | | | the different chores the child will do. |
| with for a couple of days and now | | | | If the child wants to buy a $50 video |
| remains in the corner of the room | | | | game, it does no one any good if they |
| gathering dust. The child did not really | | | | were to pay them $50 simply to sweep out |
| want that toy. All they wanted was for | | | | the garage. The child should be made to |
| somebody to buy them something. This | | | | work and save. |
| cycle continues until the parents are | | | | Ideally for older children it would be |
| willing to stop buying the stuff and | | | | great if they were to find extra work to |
| start allowing the child to value what | | | | perform at a neighbor's house. You will |
| they are given. | | | | find that when kids really want |
| Everyone knows that the things that you | | | | something they will be constantly asking |
| buy for yourself are those items that | | | | if there is anything they can do to make |
| you will take good care of. Spending | | | | some money. Parents should view this as |
| your own money that you have saved, then | | | | both a way to instill some financial |
| buying that treasured item, makes it | | | | values in their children as well as |
| that much more important to you. You | | | | making the child a functioning member of |
| know that you wanted that item and you | | | | the family. |
| will take care of it. | | | | Making the children more financially |
| It should be no different for your | | | | accountable will help free the parents |
| children. Really, at any age when they | | | | from having to perform all the household |
| start demanding things to make | | | | chores. In turn, the children will |
| themselves happy, they should start | | | | understand the value of money and learn |
| working for that item. You and the child | | | | how to set and accomplish their goals. |