Thanks for voting!Did your mom ever tell you that money doesn’t grow on trees? Of course she did. And much to your dismay, you’ve probably passed along the cliché many times over without even batting an eye. But guess what? No matter how often you say it, the next generation of consumers (no matter how young an age), needs to learn that money doesn’t magically appear. Or disappear. Frugal Dad gives us an age-specific plan to help guide today’s kids on money basics, skills, responsibilities and more.
But it doesn’t stop there. Kids live what they learn at an early age. And it’s important that we – as moms/dads, grandparents or role models – start teaching and reinforcing money concepts as they enter each stage of life. Oh, and hold their interest, be ready to shift gears quickly and do it all without sounding like a broken record. If all goes well, the steady climb to money maturity will help groom a growing army of responsible savers and spenders. They may actually thank you for it.
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It is very difficult to teach children to save, especially since they are faced with so many TOYS at every location. I’m 36, but I still remember going to the grocery store (no Wal-Mart around), and all they had for “toys” were silly putty and plastic cars around the register. Kinda cool the first time you see them, but after the 20th time, you really don’t care.
Anyway, the best way I can find to help my kids save is to let them see me not buying something I want, and telling them why even though I feel like I want that particular something, I really don’t need it, and would rather save my money. That seems to help in our house.