Freight bill factoring Tips For Parents Of Kids Who Spend Too Much
Saturday, November 13, 2010 12:24:58 AM
I'm sure you've noticed how tighter our budget has become. Prices of goods are skyrocketing into colossal proportions and there's pretty much nothing we can do about it but just pull up our belt a notch tighter, endure, and hope for better days. Unfortunately, the younger population seem to be completely oblivious to these events and we need to show them how to become more responsible about finances before it's completely too late.
Parents have the number one responsibility of teaching their children all about spending wisely. However, not a lot of parents out there dare to stand up or even completely forget all these completely. Some would even claim they don't know how. So if you're stuck clueless on money matter lessons, then here are a few useful tips to get your lessons started.
Get a job. Not for you, for your kids. If they're old enough, you might want to consider asking them to have a job. Teenagers are more likely to give more value to money especially if they worked hard for it. Working also teaches them diligence and discipline. But you have to make sure this doesn't mess around with their other responsibilities like chores or school.
Tell them to save up. That's right. Sit them down and talk to them about having bank account and all the jolly good things that come with it. Tell them all about interests and how this increases their savings. Or you could also try and get them to start a college fund for their future. It might surprise what they can do with it.
Keep a budget. And what better way to teach them about this than by letting them join in on the fun while you're doing your own budgeting. You are doing your own budgeting, right? Well, if you're not, do it with them. It's a good way to lead by example.
Teaching them responsibility when it comes to handling money is one of the best things that you, as a parent, can teach your child. Believe me, it's going to save you and your future adult kids a lot of trouble if you did.
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