Do you teach your children to live frugal life?

@Ayuriny (5144)
Denpasar, Indonesia
October 18, 2016 6:55pm CST
My parents often told me to live frugally. They taught me to save some of my pocket money when I was a kid. Now, sometimes I ask my young relatives to live frugal life. At school, I suggest my students to do so. How about you? Do you get your children used to live frugally? Image taken from pixabay
7 people like this
9 responses
Yuki
@yukimori (10192)
• United States
19 Oct 16
There really isn't any other way to do it. My parents never bothered teaching me about managing money. Figuring it out on my own hasn't been fun, so I'm making sure that our kids don't have to worry about that problem.
3 people like this
Yuki
@yukimori (10192)
• United States
19 Oct 16
@Ayuriny They could, but I'm not going to neglect that part of their education like my parents did. My kids are already learning how to manage their money. Even the 2-year-old knows the difference between the 'spend' and 'save' slots in her piggy bank, and how to tell if she has enough to buy a treat.
2 people like this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
Ok. I'm sure your kids can learn by themselves to manage their money, too.
Jim stewart
@saulgoodman (2643)
• Dundee, Scotland
19 Oct 16
Learning the hard way is never fun I know many people my age who have mountains of debt because they never learned to manage money. I havent got a big bank balance but I have no debt.
3 people like this
Laurel (L_B)
@Happy2BeMe (99353)
• Canada
19 Oct 16
I brought up much children this way and they are both doing well financially in their lives. They do not love beyond their means and they both have large saving accounts. I went through a divorce after many years of marriage and pretty much lost everything and had to start over so I am doing better now. I know how to stretch my money and get the most out of it.
2 people like this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
You're a successful mom, I guess. You can raise your children accordingly and the result is that they live well financially, and even have large savings. You did it, L_B.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
1 person likes this
Laurel (L_B)
@Happy2BeMe (99353)
• Canada
19 Oct 16
@Ayuriny thank you. They make me very proud.
1 person likes this
Curlann
@annierose (21977)
• United States
19 Oct 16
It is a good thing to teach children the proper way of living. They will carry it until they grow old. Inculcating in their young mind the beauty of simple living with produce a ripple effect. To answer your question, it is a yes. I teach my students to live frugally as much as I can.
1 person likes this
Curlann
@annierose (21977)
• United States
19 Oct 16
@Ayuriny By the way, did you start already the school year in your country?
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
You're definately right. That's one thing we should teach to the youngers.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
@annierose Sure. The school year already started last 2 months. Where do you teach?
1 person likes this
Jaymie Suh
@cherriefic (10399)
• Philippines
20 Oct 16
I am teaching my kids how to manage their money and get the most out of it.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
20 Oct 16
Yeah, I think that 's what we should do to our kids.
John Roberts
@JohnRoberts (109841)
• Los Angeles, California
19 Oct 16
Yes. Children need to learn discipline concerning spending and the value of saving.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
That's true. But I notice some parents pamper their children by giving them lots of pocket money and fulfil everything they want. I wonder if they realize how important of living frugally is.
1 person likes this
John Roberts
@JohnRoberts (109841)
• Los Angeles, California
19 Oct 16
@Ayuriny It's now a perpetual issues. Parents who were indulged are now indulging their kids and a bad cycle continues.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
@JohnRoberts Agree on that.
Manisha
@ms1864 (6882)
• Bangalore, India
19 Oct 16
I have no one to advice....but i have been taught to live like that.
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
You're great! It's ok if currently you don't have one to teach, but at least you can be the model for others surrounding you.
1 person likes this
Shiva
@Shiva49 (28407)
• Singapore
19 Oct 16
We should live within our income but are also entitled to some splurging at times. During all my years working, I have saved every year and that gives a comfortable feeling and security - siva
1 person likes this
Ayuriny
@Ayuriny (5144)
• Denpasar, Indonesia
19 Oct 16
Yes, I'm totally agree with you.
1 person likes this
RM
@RitzzView (3041)
• India
19 Oct 16
I was automatically that.. My parents gave complete freedom on what I wanted.. But I was a saver of money.. And still am
Jim stewart
@saulgoodman (2643)
• Dundee, Scotland
19 Oct 16
Being Scottish its in our blood to be frugal. We depart the womb already having a frugal imprint. Our kids know. Just like we knew. It needs no teaching from us.