Teaching Teens the Importance of Saving vs Spending

Like many parents, you worry about your child’s future, everything from their grades to extra activities that will look good on a resume. However, it is equally important to build their financial skills as well, since they’ll need to know what to do with their money once they have it; saving vs spending.

Why Can’t I Spend It?

It’s difficult for teens to be patient. They are still in an impulsive phase of their development so seeing and wanting something usually equates to buying it. Dave Ramsey recommends teaching your teen how to create and stick to a budget. This not only helps them prepare to save their money for future “big ticket” items but it also helps them manage the practical aspects such as monthly bills.

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How to Teach Your Kids About Responsibility

It is the hope of every parent that their children will grow up to be responsible adults, but this is not something that will happen by itself. School will teach them a great deal about being responsible, but it is also down to the parent to show them the way, and this can be done in many different ways. Encouraging your kid to be responsible from a young age by giving them more responsibilities can have a huge impact on not only their independence but also their self-esteem and view of the world around them. Non-profit educational experiences can be a great way to introduce your children to the importance of responsibility, for example, as this article will mention. Read on for a few ways to reach your kids about responsibility.

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5 Ways to Give Your Children More Responsibility

Everyone loves being around responsible adults, but sometimes it is hard to imagine that your crazy little toddler or your moody teenager will ever grow into that type of adult. How can you possibly teach your children responsibility from a young age when it only seems to make more work for you? Here are five tips for molding that kind of behavior and for helping your little ones understand that they have a vital part in society.

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