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7 Mistakes To Avoid When Teaching Kids About Money
I've read somewhere that the average child makes more than 100 requests of a parent a day! We parents want that whining to stop, so we'll often deflect yet another purchase request by saying, "I don't have enough money on me" or "We can't afford that." If you're lucky, you may get some temporary relief. But these little white lies don't help in the long run. Direct, honest dialogue will get you better results. Try "I can afford that, but we're not going to buy it. It's not a good value at that price." Explaining why you're not making the purchase gets kids thinking about prioritizing their wants, and teaches them to be more aware shoppers in general.
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What if you honestly don't have the money? That's being pretty honest. My kids have both learned not to ask for things.
3/22/2012 03:48:07 PM Report AbuseWhat about a truthful "We don't need that." It can be a good value for the money and still be a bad purchase if it isn't necessary.
3/22/2012 10:39:05 AM Report Abuse