December 30th, 2008 | 
Author: Are you tired of your kids nagging you for an expensive toy that they keep on seeing on television or with their playmates? Are they the kind of kids who think money grows on trees and that they don’t really have to value it? It might prove to be very useful if they would learn that this is not true.
You are definitely in a whole lot of trouble if your kids are like this. So what exactly do you do? Luckily for you, you are their parent and they would do well for few lessons on responsible financial handling from you. So here are a few tips on how to get them started being more responsible in handling cash.
Earning money can teach your child to appreciate it more. They tend to value money greater if they actually worked hard for it. If you have younger kids, try to give them some household responsibilities and reward them for a job well done. If your children are a little bit older, you can try letting them hold a job or start a business on their own, perhaps from their hobbies in Tennessee craft shows.
Tell them to save up. Saving isn’t an act of deprivation and you need to convince them how important it is to have some cash handy when it comes to sticky financial situations in the future. Discuss opening up a savings account in a local bank or setting up a college fund. Of course, you have to point out the advantages or these kids won’t pay attention.
Teach them how to keep a budget. Better yet, plan a budget with them. Let them participate in the household budget with you and you can teach them all about the different expenses that they need to look out for. Of course, they wouldn’t need to worry about some of the things like mortgage yet, but you can teach them a thing or two about setting aside some money for different things in life.
There are still other useful ideas out there which you can use in order to make money lessons more memorable for your kids. You have to make sure that these lessons are as fun as playtime otherwise, they probably won’t show any interest in it.
Posted in Kids | 
Tags: arts and crafts, budget, cash, children, crafts, economy, family, family activities, family budget, finances, fun, home budget, kids, money, parenting, tennessee
May 12th, 2009 4:34 pm
[...] The Real Problem With Kids And Cash (jaysdad.com) [...]
August 29th, 2010 7:09 am
I wanted to thank you for this interesting I definitely loved every little bit of it. I have you bookmarked your site to check out the latest stuff you post.