Teaching Children To Manage Money

When you take your children to the grocery store,
give them a certain amount of money to spend
instead of you buying the things they like. Explain
that when they use up their allotment, that's all
there is, but they can put something back if they
would rather have something else, etc.

This teaches them several things: how to manage
money, why you buy some things and not others,
and the fact that there is a limit to funds.

Tips courtesy of FamilyCorner.com Magazine -- http://familycorner.com

May be printed for personal and educational purposes only.
Copyright © 2005, FamilyCorner.com Magazine, Inc. All Rights Reserved




Click to return to the tip