We’ve all been there, our eyes glaze over as one kid starts to explain that they too need the new and latest tablet.
Start the year off right by deciding that you are not going to just shell out money to your kids anymore. When they come to looking for money, let them know that they will have to work for it.
Piggy Banks are a bad way to teach kids about money. That’s right, take that piggy bank and smash it or throw it away. Long gone are the days when we should be teaching our kids about money by dropping coins into a bank that looks like a pig, jar or favorite sports team mascot.
This is a perfect opportunity for you to sit down and teach your children about how much things cost, especially things that they seem to think they are entitled to for some reason. This is also a great time to discuss the things that they can do around the house to earn the money to help pay that bill.
Set up a matching program for your kids. They save a dollar and you match that dollar. Yes, 100% return. Sit down and determine what they would like to save for and then set out to accomplish it together.