Visit FamilyCorner.com for tons of seasonal ideas!
quick link - go to our home page quick link - kid's crafts, family fun, printables, etc quick link - sign up for our free newsletter quick link - holiday crafts, recipes and ideas quick link - gardening, organizing, saving money, decorating and more quick link - our FunBook is filled with lots of quick ideas, tips and crafts quick link - join our bustling community of friendly members


Go Back   FamilyCorner.com Forums > Parenting > Parenting Issues > Kids & Money

Kids & Money Allowance. Chores. Savings accounts. Piggy banks. How do you teach your kids about money? What has worked for you?

Reply
 
Thread Tools Rate Thread
  #1 (permalink)  
Old 12-16-2002, 08:45 AM
nagymom's Avatar
Eight Year Member
FamilyCorner Junkie
 
Join Date: Jan 2002
Location: Hooterville, NC
Posts: 1,525
Teaching kids the value of money

We've debated an allowance for kids--now I would like to know how some of you have gone about teaching your children the value of money. Dh and I raised 3 daughters, 2 of whom are pretty good with money. Oldest dd is finally learning after she recently saved for and bought her first home AS A SINGLE PARENT. Now we are helping oldest dd and middle dd raise their kids since both are divorced. The 2 granddaughters are 7 and 5 (grandson is 19 months) and both are very spoiled when it comes to shopping. It is hard for any of us to say no even when it's a dollar store item. DH/Bapa is firm but he doesn't shop with them much. How did you teach your children that they need to earn and save up for quality items and not blow it on cheap stuff? More importantly how did you teach them to save? My dh and I are savers and tried to teach this to our own daughters and now feel as if we should help instill this in our grandkids but as a grandmother it's hard to say no.

Any suggestions?

Jayne
__________________
The ORIGINALnagymom

Editor of FREE Penny Pincher freebie newsletter:
http://groups.yahoo.com/group/LOLPennyPincher/

Subscribe: LOLPennyPincher-subscribe@yahoogroups.com




Special Member of the Family
Become an Honorary Member

Reply With Quote
  #2 (permalink)  
Old 08-12-2011, 08:30 PM
KSJEn6891's Avatar
Four Year Member
FamilyCorner Groupie
 
Join Date: May 2007
Location: Arizona
Posts: 739
I don't have children, but I do try to guide my nieces & nephews (always have against their parents wishes) about "working" for spare change, and making sure that what they're "saving" up for is worth while. Meaning are you really willing to work hard for that particular item, or just halfing the job and hoping to get "gifts" to afford that item. An example is one of our middle nephews wanted to get some upgrade for his (current) favorite game, and I asked how he planned to earn the money for it, and he said "I Don't know, maybe work for it?." I asked him if he wanted to pull weeds for the price of the upgrade and he lit up and said yeah... he never did the work, and I haven't paid him for it. Another example is our oldest niece wanted to be a stylist and get a certificate/degree at some beauty school..upon her graduation I sent her a check for "your new business." She didn't get her license in the state she's living in right now, and she hasn't cashed her check yet either, but she has taken on a PT job to pay for her licensing in the other state she currently lives in. If they really want something they will find away, and if they really need something, they'll work hard for it. My parents instilled this in my sister and I when we were children... where we thought a quarter was equivalent to a million bucks, cause by the end of the week any chores we didn't do, we didn't get that quarter for candy, junk, and entertainment. It's all about boundaries and logically find a solution to the challenges that life throws us to make us better people. Throw a dog a bone and he'll love you til its gone, show him a filled food bowl and he'll love you forever. In other words if you give children everything they want and not what they need, you aren't helping them to survive when you are no longer alive, you're showing them how to get by, always depend on others for their needs, etc. I wish every parent the best of luck with this...it's a fine line - knowing when to give and why vs when not to and how come.
__________________
LIFE means...
Living
In
Faithful
Endeavors

:pumpki nsg

Reply With Quote
 
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
15 Ways to Teach Kids About Money ajrsmom Kids & Money 0 08-07-2004 10:31 AM
Kids Dig Gardening ajrsmom Gardening With Children 1 02-27-2004 07:49 AM
You Are Here Kids & Family Internet Guide Crafty Amanda Books for Young Adults 0 12-05-2002 02:55 PM

 
Craft Supplies


All times are GMT -8. The time now is 10:33 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.2
Copyright 1997-2010, FamilyCorner.com Magazine, Inc.

POPULAR AREAS OF FAMILYCORNER.COM

Our Family FunBook is packed full of ideas from parents just like you!

Our members say that they have never found a friendlier message board community than ours!

Our kid's craft section is filled with easy ideas for creative little minds.

We have tons of free printable coloring pages to keep your little ones happy.

We offer a wide variety of free newsletters delivered right to your inbox.

Our Household Hints & Tips have a wealth of information on cleaning, organizing, and more!
Go to the funbook Go to forums Go to kid's crafts Go to printables Go to newsletters Go to Hints & Tips

Home || Newsletters || Advertising || Terms of Use || Privacy || Services || Submissions || Contact Us || Media Opportunities || Link To Us || Shop || Feedback || Staff || e-Cards || Reminder Service



FamilyCorner.com® is sponsored in part by...




Visit our friends --> MomsMenu | Main Street Mom | She Knows | Baby University | Personal Fitness Zone | iChef.com

Copyright Notice | Privacy Policy | Terms of Use/Disclaimer