Kids dressed up as tycoons with fake money
Is it just me, or do our kids get everything these days? I hate to sound old, but when I was a kid, having McDonald’s for dinner was a once-in-awhile special occasion, or paying money to go into a kid activity, like a, happened once a year. My kid has something from a restaurant at least once a week. We’re busy and on the go a lot, so I confess: sometimes, a fast-food cheeseburger makes my life a lot easier.
But in the meantime, I’m dropping $20 here and $40 there on pizza, Timbits, ice cream, trampoline parks, slushies, and more . Life is more expensive than ever – my kid can also polish off an 8 dollar pack of berries in one sitting. Money is flying around everywhere, and I don’t want it to go over my kid’s head.
I feel so very grateful that my husband and I have the means to spoil our son with treats and outings, but it gets to a point where the kids have zero concept of money. Even though we overspend, my husband and I always try and include our son in what we’re spending and what things cost. We talk about finances quite openly. We want to ensure our kiddo goes out in the world one day with an understanding of how to manage his money properly, something I think very few young people know how to do .
We have also shown him certain household bills. How many of us were appalled when we learned that our parents spent money on something as simple as electricity?! It’s an important life lesson to know the price of utilities, what insurance is, and what the price of house and car protection is. As he ages, I’m sure we’ll divulge a little more and talk about salaries and household budgeting.
Now, more than ever, we need to stretch our money as much as possible. In a world where materialism and consumption are higher than ever, we need to ensure our children remain grounded in a financial sense. The cost of living is skyrocketing and it’s so important that our kids understand the value of dollar. By educating our children on all matters money-related today, we can hopefully set them up for a future of financial responsibility and success down the road.
Parenting Advice Saving Money Teaching
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