Teach Your Kids About the Value of Money

17 November 2011 - Which Way to Pay

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Teach Your Kids About the Value of Money

Many of us are not able to spend as much time with our children as we might want to. Working hard to provide your children with everything they need is very important, but it can mean we can indulge them to appease our guilt over not spending enough time with them. Although giving your kids what they want is rewarding in its own way, itís not truly beneficial for them.

In a culture of instant gratification and consumerism, it can be difficult to instil a sense of value of money and a good work ethic. There are easy ways to do this. Give pocket money in return for your children doing certain chores. This will show them that money comes from hard work. You can even introduce reward schemes that give them more cash for doing more jobs, completing a task without being asked or particularly well. You will show them that taking the initiative and doing a good job has its benefits.
 

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