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