Loading ...Teaching Budgets to Pre-teens
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I was reading through the frugal village forums and found this post to be one example of a way a parent can teach frugality to their kids.
My own parents did this with me as well. I was given a set amount of money for the school period and I had to spend it wisely or do without if I ran out of money. I really appreciated what it taught me, the most important was about waiting for a better deal or determining if I really needed an item or not.
Used with permission from lovestolaugh:
Okay, so I am trying to instill frugalness into my two preteens.
Overall, they do very well with watching the cost of things when spending their own money. It’s when they want to spend my money that they forget to watch for a good deal!!! So, I came up with a solution to this.
Every season they both need new clothes. I have always just gone out and purchased what they needed but this year I decided to do it a bit differently! I told my kids that they would each be given a certain amount of $ that I deemed appropriate for their clothing needs. We would go through their closets together and decide what is needed. I will then take them shopping for their new clothes. They will each be allowed to keep whatever money they don’t spend as long as they get everything on the list and it passes my (modesty) inspection. They seem real excited to do this.
My daughter asked if she could get at least one pair of shorts and a shirt from Limited Too. I told her that as long as she gets everything on her list and she has enough money to shop at Limited Too then sure, she can! She got the funniest expression on her face and she said that she would just wait for their end of season sale and that their clothes weren’t that cute!!!!!! I think she is finally getting it!!!!!!
Another little success story too! They both went to Gamestop and purchased used older games for $5 each. They are both thrilled with them and can’t believe how cheap they were!!!! They are finally learning!!!!Thanks for listening!
It’s a great feeling when your children seem to be maturing. Thanks for posting this
January 24th, 2008 at 7:21 am