How (And Why) You Should Teach Your Kids to Be Money Smart

When Mom and Dad buy everything, children often don’t even consider the expense involved in buying the things they want. But if the child has to use their own money to make a purchase, they are sure to think more seriously about how much they really want to part with their money. Instead of allowing children to become obsessed with wearing expensive clothing of some popular brand name, take kids clothes shopping at consignment shops and inexpensive department stores like Target or Wal-Mart. Talk to them about how to evaluate and compare the prices of clothes as meander through the shopping racks. It would be wise to explain that there really is no problem with owning some name brand clothing, but filling your entire wardrobe with it is extremely and expensive and not necessary. Bring kids grocery shopping. Have children assist in cutting out coupons and making a grocery list. Giving children excessive http://impulssave.com/how-and-why-you-should-teach-your-kids-to-be-money-smart/