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Teaching Kids the Value of Money

My husband and I have a 12-year-old daughterYou have to figure out what works for you.
who wanted to go to a winter retreat with herYou may have to teach each child
church youth group last year. Price of trip -individually, because each is motivated
$45. I told her I'd talk to her dad about it.differently. If your children cheerfully hand
"HOW much is it?" he asked, "didn't she justover their allowance every time they don't
go somewhere with the youth group?" "Yes," Itake out the garbage, you should take some
replied, "and also to two friends' birthdayother  privilege  away.
parties. Another one is coming up this
weekend." We both agreed that was a lot ofResist the urge to give your children too
money for us to spend for our daughter tomuch allowance. Don't buy them things that
have  fun  with  her  friends.they can save money for themselves, like
designer clothes, CD's, magazines, make up,
But the retreat was a church activity. So wevideo games, etc. Even young children can be
should have forked out the money for her go,taught to save for small things. Almost
right? Well, maybe. In the past year or sonothing makes me more sad than seeing
our daughter had made a lot of new friendschildren who take their allowances for
and had been asked to be involved in a lot ofgranted and never have to work for it.
new social activities. Last summer was theParents aren't doing their children any
first year we could afford to let her go tofavors by teaching them to expect everything
summer camp for a week. It pleased me moreto be handed to them. We sacrifice, and they
than  anything  to  tell  her  she  could go.don't appreciate it. Why should they? They
don't  have  anything  to  lose.
The more we've let our daughter go do things
with her friends, the more she takes thoseSo did our daughter get to go on her retreat?
things for granted, and expects more. SheWe decided she could go if she paid $20 of
then resents doing something so menial as herthe $45. She was not happy about it. She only
household chores. So now we make sure hergets $3 a week allowance, and she was saving
chores are done before she goes anywhere.her money for a new CD. She stewed about it
"Room's not clean, laundry not started?for awhile, and then forked over what money
Better hurry and do them before you go doshe had. We worked out a payment schedule for
something with your friends. Don't have time?her to come up with the rest of the money
Then I guess you're out of luck." But thatbefore the weekend of the retreat, and we let
was only the start. Whenever the attitudeher do extra chores to earn a few more
starts in she's given a warning and thendollars. Are we guilty of child abuse? Our
privileges start being taken away, one bydaughter thinks so, but her dad and I know
one.better.



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