Teaching Your Children About the Value of Money

Written by Gregory Thomas

Continued from page 1

You should also be sure and makerepparttar jobs/chores age appropriate. A twelve year old will be able to do more than a seven year old, so take this into account when thinking of chores.

Now don't confuse allowance, withrepparttar 149377 basics. What arerepparttar 149378 basics? Keeping their room clean. Doing their homework. These are jobs that should be done without question. Period.

Once You Start

When your children earn their allowance forrepparttar 149379 first few times, they will want to immediately go and spend it. Fear not. This should be expected. Here is where you can start to teach your children.

Sit down with your children and talk aboutrepparttar 149380 "things" they want to buy. Have them prioritize their items on a list, in order of importance. This list can be considered their "Goal Sheet" -repparttar 149381 reason they are saving their money.

Have them keep this list in their wallet/purse/piggybank, so they will always be able to look and see what they are saving for. You should also keep a copy of this list just in case they lose it, or want to purchase something that's not on it.

The next time you are in a store, and your children want to use their money to buy something, first ask them: "Do you have your wallet/purse that hasrepparttar 149382 money you've been saving?".You can then ask them if that particular item they want to buy is on their list.

Asking these questions will get them thinking aboutrepparttar 149383 items importance. Is it more important thanrepparttar 149384 other items on their list? Let your child makerepparttar 149385 decision whether to buy or not.

Regardless of what you say, more than likely your children will makerepparttar 149386 purchase even ifrepparttar 149387 item is junk. That's ok! This is a lesson your child must learn. Only whenrepparttar 149388 initial thrill ofrepparttar 149389 toy wears off, or when your child realizes thatrepparttar 149390 other items on his/her list were more important, will they begin to understandrepparttar 149391 value of their money.


These are only some ofrepparttar 149392 possibilities you might want to look into. Regardless of what you can take from this article, adapt it so it fits into your family lifestyle.

Money management is a learned skill that comes from real experiences. It is very important that children learnrepparttar 149393 value of money andrepparttar 149394 role that it plays in our lives. Teach them how to make smart, educated buying decisions. Stressrepparttar 149395 importance of setting priorities and working to achieve that goal.

Once your child achieves one of his or her goals, they will understand what it takes to be successful. They will know how to budget their money and limit unnecessary spending in order to buy what they REALLY want or need.

Gregory Thomas has been writing money-saving articles for SavingSecrets.com now for over 6 years. Hop on over to their website and you'll find FREE money-saving articles, a monthly newsletter, and even a FREE Ebook download just for stopping by! http://www.SavingSecrets.com

The Cheapest Christmas Ever!

Written by Ann Scaling Tucker

Continued from page 1

When buying clothes out of season, buy them a little larger for next year. Also if you find a really good buy but it is a little large get it anyway. If it will save you money whenrepparttar child gets a little larger, it is worthrepparttar 149376 storage. Bed spreads; comforters and sheets are always found at sales. This is a good buy if you find your color or design. Used sheets, etc., are also great to send off to college, camp or in kids rooms.

Educational toys abound at garage sales. Be sure and ask if they work, even better carry a couple of batteries with you and try them out. Dead batteries are usuallyrepparttar 149377 reason toys don't work. If you need to find baby things, go to neighborhoods that tend to have younger families. Older neighborhoods with older homes will have more things since they have had longer to collect. Older or middle aged families will also have good children's furniture such as playpens, high chairs, etc., since they usually have grandchildren who have outgrown these items.

My family did this several years ago andrepparttar 149378 floor was covered with gifts, hundreds of them. What fun you can have opening something silly or watchingrepparttar 149379 face of a family member as they unwrap a collectible. The people in your family who are crafty can present everyone with a beautiful handmade item that they will treasure for many years. The year we did this we had absolutely NO BILLS, NO CREDIT CARD DEBT or empty bank accounts. Try it one year and you will probably be hooked plus you will be amazed how nice it is to not have to worry about paying for itrepparttar 149380 rest ofrepparttar 149381 year.

About the Author: Elizabeth Ann Scaling Tucker is a retired grandmother of 5. She retired after 35 1/2 years with the Department of Defense. In her retirement years, she is a grandchild sitter and an assistant webmaster for family websites. You can see one of the websites at http://www.zoinkies.com/free-stuff/

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