Spending money wisely is challenging, but the benefits are priceless. Make them aware of the value of saving and budgeting everywhere you go. When they are young, don't yield to the begging for candy and toys. As they grow, use every spending venture as a teaching tool.
At the restaurant, show them how much you save if everyone drinks water instead of soft drinks. At retail stores wait until clothes are on sale and then show how waiting saved a large percentage. Bring a calculator and show how percentages work. When shopping for groceries, show your children the budget and then let them calculate products as you put them in the basket. If they see consistently that you watch your money, they will begin to understand how to spend money wisely.
Posted By: SIE aka george simons
Thursday, August 25th 2005 at 3:23PM
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