Children and money

My mother would so agree with this, and me being a teen, i have to agree as well. But in our defense, we put it out of our heads how much we ask for money. I know i ask my mom for too much sometimes and she hates it, but lately i have been making my own money and helping her out. She made me get a job and now i hardly have time to spend the money i make, but it is still good to have it. Also, i am earning some on here as well. I think kids who get allowances and still as are asking for too much, but i did not get the privilege of allowance but i still asked for too much. At least i will admit it, ha ha. Good topic.

As soon as my children were old enough I let them manage the family budget for a month or two. This brought home to them just how much money there was and how far it had to go. Now you can't do this with very small children, but they can be given a sum and asked to manage it. This allowance is given to cover certain expenses and not as earnings. I never paid my kids to do things or get good grades, these were their responsibilities as part of the family. I did have occasion to ask my grown son if he remembered having to mange the family money and he said no, so it was not a big deal to him, but he learned about finances even if he doesn't remember. At 50 maybe his memory is starting to go?

Oh yeah, you are speaking my language. Lately it seems like everytime I ask my son to do something his first question is "What do I get for it?" I've come up with all sorts of come backs for that one. One time I told him that if he was lucky he'd get to survive another day. LOL. Good thing he knows when I'm joking. I've also come back with "You get to avoid an early bedtime." or "You get to have that pudding you wanted before bed." My kids seem to understand the overall fact that we don't have alot of money for the expensive things but they don't grasp that I can't just pull $2 out of my back pocket everytime they want to go swimming. "It's OOONNNLLLYYY $2!"

No, never had that problem with either of my sons. They told us what they'd like but didnt assume that they'd always get it and didnt get stroppy about it. Maybe kids just weren't as demanding then? Whilst they both had student loans at university, neither of them ran up overdrafts. They lived according to their means and continue to do so. I think a lot of the pressure on parents stems from the media and other people's children! We live in a "gimmie" society.

And they think these plastic cards also dish out money endlessly. I think it is a matter of how often they see parents buy stuff and go shopping. Also a matter of how they are taught the significance of money and saving. As they get older, with proper guidance, they will indeed start to understand better. After all, they will not get that thing they wanted so much since they don't have enough saved up to buy it, right?

Yes, that's true. They should not be dealt in a wrong way.

oh most definitely. i think they think that even more so now because they are innindated with stuff. they see stuff on tv, on the computer, see their friends wearing it or playing with it and they want it. i find my two daughters have really no concept of money, paying bills etc.

Sure, they think all I have to do is go to the magic money wall and I can just get as much cash as I want. If only...

yes my 3 older boys do but my daughter is to younge to think about money she is only 1 but as for the boys i give them things to do so they can earn there own money to by things so they can see that money does not grow on trees