Teaching Your Kids to Save During Recession
Economic recession is taking its
toll. A lot of Americans right now are feeling the heat of the tight
times as more and more people are losing their jobs and losing their
homes. High prices of gas and basic commodities are also making it
harder for American families to survive without additional income.
Economic Recession: A
Wake Up Call
Economic Recessions Are Normal
How To Survive In An Economic Recession
Tips To Deal With Economic Recession
What Economic Recession Is All About
Teaching Your Kids To Save During Recession
Causes Of Economic Recession
Effects Of Economic Recession On Employment
What Economic Recession Can Do To You
Far-Reaching Economic Recession
How Can Your Business Survive An Economic Recession
How To Save In Times Of Economic Recession
Effects Of Economic Recession On The Youth
How Can You Survive During An Economic Recession
The History Of The American Economic Recession
Economic Recession: What You Should Do To Prevail
How To Deal With Economic Recession
Effects Of Economic Recession On Women
What To Watch Out For During Economic Recession
Suicide And Economic Recession
Defining An Economic Recession
What Is An Economic Recession
How To Survive The Economic Recession
Signs Of Economic Recession
|1. Explain to them
You may not realize it but kids do know what is going on and when you explain the situation to them clearly and with examples that they can relate to, they will be able to understand you. Some will even help out on their own volition without you telling them what they have to do.
Telling them why they should do something is more effective than telling them outright what they should do. The latter will sometimes antagonize them or will cause them to rebel as they feel that you are ordering them about without any reason. Kids, as you well know, do not want to be bossed about.
2. Give them piggy banks.
Having coin banks may seem outdated in this digital age but it is nevertheless still effective in teaching kids how to save up. Tell them that saving up will allow them to have some money should they need to buy something that they want. A portion of their lunch money, for instance a quarter or two, is a good way to start.
Of course, do not discourage them to buy food when they need to eat but tell them though that if they are not hungry, they can save the money so that they can use more for the next day.
3. Get what they need
Controlling what they put on their plates during dinner will help control the urge to get more than they can use. Ask them to clean their plates every time. That way, they will only get the food that they will be able to eat. This will teach them about saving and buying only the things that they need. This is a great training in the future so that they will not grow up with maxed out credit cards, buying things that they do not really need in the first place.
4. Being a role model
Face it. Whatever your child does is only a reflection of what you yourself are doing at home. So if you want the kids to start saving up, make sure that you are also doing your part in saving in this times of economic recession.