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Old 10-02-2009, 06:27 AM
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Teaching Your Kids to be Frugal

What strategies do you use to teach your children to be frugal? This includes: shopping tips, saving tips, "good use of resources" tips, whatever!
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Old 10-02-2009, 06:30 AM
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Yesterday I heard a radio-show host describe what he does when he takes the kids shopping and they want to buy gum or candy, but didn't bring their money along ("I'll pay you back later, dad!") These are children 12 and under.
He tells his kids that if they didn't plan to make the purchase, then the purchase is probably not worth making. He wants to help them learn that impulse buys are usually not a good idea.
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Old 10-02-2009, 07:35 AM
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DD1 cracks me up at times she will roll her eyes at my coupon usage but then will turn around and ask if there are coupons for whatever she wants to get.

DD2 will ask me if something is cheap or expensive as she knows our money if every tight but I try to relay that she doesn't need to worry about it.

My kids know there is nothing wrong with shopping second hand first and take to garage sales as a treasure hunt. They know they can still get clothes that they like and that fit but get a couple of outfits for the price of one top retail.

Roberta
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Old 10-03-2009, 03:16 PM
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When DD's need clothes and I take them shopping, I set up a fixed amount ahead of time and bring that much cash with me. I find that when I do this, they are much more careful about hunting down bargains. DD1 almost always searches the clearance racks first. We also have several good consignment shops here. They will bring old clothes that they don't want anymore and sell them there. Then they turn right around and use that money to buy stuff there.

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Old 10-04-2009, 02:41 PM
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I think talking to your kids is the key! Explaining ideas to them. They will also learn from watching what we do. My youngest two are very thrifty but my oldest is a spendthrift.
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Old 10-05-2009, 03:19 AM
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We also have been thinking about things we already have that would work instead of getting something new.

Roberta
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Old 10-06-2009, 05:59 AM
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My 3 ( G-20, B-19, G-10 )have earned money from working at young ages and b-day or christmas money. I went shopping with them when they want (not needed) clothes. It only took a little while to figure out how many COOL clothes they could afford. The girls especially learned to pick versatile pieces they could mix and match. The older two still use our frugle practices and good will rocks!!! The 10 yr old is just starting thru the process but is figuring it out fast!!!
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Old 06-13-2010, 04:26 AM
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My kids know how to take advantage of offers stores have like the Family Video end of the school year special for each A on the grade card they get a free movie rental.

Roberta
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Old 06-13-2010, 10:54 AM
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Quote:
Originally Posted by RobertaD View Post
My kids know how to take advantage of offers stores have like the Family Video end of the school year special for each A on the grade card they get a free movie rental.

Roberta

My son is already waiting for this one. lol! They get their report cards at the end of this coming week.

My kids also know how to search through GoodWill for good clothes and shoe bargains. My daughter LOVES shoes and has found so many "new" pairs of shoes at GoodWill.
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Old 11-11-2010, 08:52 PM
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You know we all have our frugal ways and try to pass them onto our kids, half the time you'd swear that it goes in one ear and out the other .............. ds1 has been living with 2 others now for 4 months and I hear that some times his frugalness annoys the heck out of them, he tells me all the bargains he finds groc shopping and in other ways too ............. like I said you'd swear that they aren't listening but it turns out they are and to be honest I thought he'd never learn .... there is hope! LOL
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