my kids ask for money for things which do not have any value. they dont know how this money is earnt and how carefully it should be used. i can say no also for things but i feel if i have that much money why my kids should not enjoy their life the way i could not coz my parents didnt have this much money to spsre for me. if i give them 100 they will spend it immediately not using it sensibly and saving part of it.
2006-11-30 05:42:18 · 17 answers · asked by kishor s 1 in Pregnancy & Parenting ➔ Parenting
make them work for it.
2006-11-30 05:44:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Make then do chores around the house for money... once they spend it then that is it, kinda like a work allowence, I wouldn't give them a huge wad of cash either, like 5-10 bucks... do this weekly that way if there is something they want that is a huge purchase then they will have to save to get that item...
dont think that your bad for telling them no, its life, they need to learn that its not handed to them on a silver platter, that money handling is a serious thing, you might also think about opening a bank account for them, of course they wouldn't be able to get money out unless you sign for it...
(hope that wasnt confussing)
2006-11-30 05:48:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Try tying some of their spending money to chores- depending on their age, they can do things around the house AND hopefully if they have to work to get the $$$ they may be more reluctant to spend it on junk. You can also with hold some of this money- a %, and open savings accounts for them, and insist they contribute each month.
2006-11-30 05:47:21 · answer #3 · answered by GEEGEE 7 · 0⤊ 0⤋
Give them a small allowance and a bank account. Ask that they devote a small (but consistent) percentage of each allowance to donations/charity, save some, and use the rest to buy things that you will not pay for ("wants" that aren't "needs"). Having the account, watching it grow, reading the statement, etc. can actually be fun for the kids. And, of course, you're still free to spoil them once in awhile.
2006-11-30 05:46:01 · answer #4 · answered by cheeto75 1 · 0⤊ 0⤋
a. decide on a set amount of cash as an allowance each week
b. let them have some of it to do exactly as they wish with
c. only let them have the rest in return for doing chores or something
d. when big items are requested dont agree immediately - insist on considering it for a week or too
e accept that occasionally something will come up where they can make a case for generosity if you can spare it
f. accept that this sort of thing is never easy
2006-11-30 05:49:08 · answer #5 · answered by Tony B 6 · 0⤊ 0⤋
My parents gave me and my siblings a weekly allowance for clothes and an allowance for spending. Although we had chores to do to earn our allowance, we were also required to keep a record of our spending. The record was not severely detailed, but at the end of the week we sat down and reviewed our spending. We were also given an additional match for money we saved.
Good Luck
2006-11-30 05:47:53 · answer #6 · answered by gojester 2 · 0⤊ 0⤋
Next time they ask for something - make them work for it to build up enough money to pay for it. For instance, if washing the dishes is $5 per wash, then they would have to wash the dishes 10 times in order to earn what they want for a $50 purchase. It will work. They will learn that way. Make them earn it!
2006-11-30 05:45:12 · answer #7 · answered by Brooke's Mommy 3 · 0⤊ 0⤋
give them all piggy banks. Explain how much you can get with this much. I would aways explain certain products at the store and take them grocery shopping. Explain why your getting this and not that . Name brand vs cheap brand. weight vs prices etc/etc. I would make them carry calculator during the learning experience! Tell them they can't spend there money in the piggy bank or better open up saving accounts for them.
2006-11-30 05:49:03 · answer #8 · answered by Monet 6 · 0⤊ 0⤋
make them earn there pocket money by doing household chores and helping in the garden etc take them to do the weekly shopping so they see how much things cost and show them the bills for gas electric and explain thats where all your money goes to keep them clean warm and fed
when they ask for money ask why they want it and what it is going to be spent on and then show them they can get stuff cheaper
2006-11-30 05:46:33 · answer #9 · answered by mothertiggy 4 · 0⤊ 0⤋
Don't give them money (unless it's for a necessity) unless they earn it. Have them take out the trash, mow the grass, do household chores. Explain to them that this is how you get your money (on a larger scale) and that if they really want something, then they should be willing to do what it takes to earn it!
2006-11-30 05:45:55 · answer #10 · answered by smellyfoot ™ 7 · 0⤊ 0⤋
make them do chores to get it.. tell them something like, Every dish u clean and put away is $5.. and then keep track of all the money they earned doing chores. then, when u give them the money tell them, this is ur money.. u can buy whatever u want with it but if u spend it and its all gone, ull have to keep working... make them learn that once the money is gone they cnt buy anything. and most importantly... DNT BUY THEM ANYTHING THEY DNT NEED!! like extra toys, clothes they want but dnt need, video games ... etc.
2006-11-30 05:52:30 · answer #11 · answered by bonez 3 · 0⤊ 0⤋