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