Teaching Children the Value of a Dollar
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Many high school students complain that they have friends who are really spoiled. Not just because their parents are rich but because they get whatever they want. No matter what the cost, their parents just fork over the cash. And, if there is a dispute over an expensive item, these teens throw temper tantrums until their parents give in. No 15-year-old needs a $400 purse. Surely Louis Vuitton replica handbags or Balenciaga replica handbags at discount prices will accomplish the same goal. Instead of being concerned about spending responsibly, girls seem to be more interested in status and competing to get the most expensive clothes in order to impress others.
An inordinate amount energy is spent as girls do everything possible to look wealthy. Many get weekly manicures, have their hair colored and spend hundreds of dollars at day spas. To top it off, they think they automatically deserve all this pampering. As much as our excessive society and the worship of celebrities are to blame, parents must be good financial role models for their children. If parents are constantly showering themselves with extravagant things like designer clothing and expensive cars, then children think they are entitled to that type of lifestyle as well, whether they can afford it or not. Instead, parents can show their children the value of a dollar, demonstrate how to shop carefully and make them earn their spending money.
It can feel like a great accomplishment to find amazing clothes off the clearance racks, especially at the more expensive stores. Anyone can find inspiration to create their own style on a tight budget. Plenty of brand-name and trendy items may be found at designer label discount stores. Spend money on accessories like belts and fashion jewelry instead of buying major pieces. It is simply wasteful to buy retail when everything ends up on sale eventually.
Parents must teach their children early on to be happy with only what they truly need. Some savvy parents give a monthly allowance that children can spend at their own discretion on things like clothing, cell phones, gas and entertainment. However, when the money runs out, the kids are on their own. This is a good method of teaching how to budget ones money. Kids will quickly learn ways how to buy more with less. If parents are patient, they can watch them figure out how to have money left over and start a savings account or donate to a charity.
Encouraging teenagers to work part-time will get across the value of doing an honest days work. While children are too young to flip hamburgers, babysit or mow lawns, they can certainly help with chores around the house or do small errands for neighbors. Parents can discuss how money doesn't buy happiness. There are certainly plenty of cautionary tales to refer to in the newspapers and television. come to think of it, it might be most beneficial if children were taught some good old fashioned manners, kindness, respect and humility. We are too selfish these days and and as a result, we have done a great disservice to our young people. Its time to end the overindulgence and focus on others instead of ourselves.
Article Source: Articlelogy.com
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