There's an increasing number of consumerism today despite the national economic crisis. The surprising part of this news is most of the consumers are kids. It is apparent that when it comes to overspending and discipline on shopping, kids are more vulnerable to temptations. They continue to buy without heed of what they might be doing to their parents' savings.
As a parent, it is our responsibility to explain to them all about being a responsible consumer and handling money in a mature and responsible way. If you're looking for some ideas on how to start these money lessons, then here are some tips to show you how it's done.
One good lesson to teach is that money is not something that they can get on a whim. If your child is old enough, you can let him or her get a job, even simple ones. Or if they're creative enough, let them begin a new business for their own, for instance by starting out on Oklahoma craft shows. They tend to be more appreciative of money if they know they worked hard for it.
Teach them how to save. You as a parent can show your kids the great advantages of having some savings. Tell them all about banks and how money can grow from interest in savings accounts. This will sure pique their interest. You can also suggest that they start out a college fund for themselves as early as today. It's never too early to prepare for something like that.
Show them how you handle the household budget and teach them how they can do it for themselves too. A budget is a great way to keep track of expenses and plan out future ones, too. You'll never know what will happen tomorrow so it pays to always be prepared.
There's absolutely no time to lose. You have to make your kids understand the value of money or they'll be losing it all their life. Imagine it as some sort of investment. I'm sure you'll understand.
As a parent, it is our responsibility to explain to them all about being a responsible consumer and handling money in a mature and responsible way. If you're looking for some ideas on how to start these money lessons, then here are some tips to show you how it's done.
One good lesson to teach is that money is not something that they can get on a whim. If your child is old enough, you can let him or her get a job, even simple ones. Or if they're creative enough, let them begin a new business for their own, for instance by starting out on Oklahoma craft shows. They tend to be more appreciative of money if they know they worked hard for it.
Teach them how to save. You as a parent can show your kids the great advantages of having some savings. Tell them all about banks and how money can grow from interest in savings accounts. This will sure pique their interest. You can also suggest that they start out a college fund for themselves as early as today. It's never too early to prepare for something like that.
Show them how you handle the household budget and teach them how they can do it for themselves too. A budget is a great way to keep track of expenses and plan out future ones, too. You'll never know what will happen tomorrow so it pays to always be prepared.
There's absolutely no time to lose. You have to make your kids understand the value of money or they'll be losing it all their life. Imagine it as some sort of investment. I'm sure you'll understand.
About the Author:
Alix Montoya has been writing about festivals in Oklahoma for a long time. You can find out the latest news on craft fairs in OK and join in on the crafting fun.
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