10 Financial Reality Checks To Give Your Kids, Before Life Does - Page 2
- By
MadameNoire
Do not extend the allowance
There will be times when your kids overdo it on the spending. They might be out of money to do fun stuff, and it’s only the second week of the month. At that time, they’ll really want you to give them more money. They’ll beg and plead and give you those big baby eyes. “But everyone else is going to the movies except me!” they’ll complain. Do not give in and give them more money to have fun with. In real life, that won’t happen. If they’re out of money, they’ll just be out of money. They won’t get a bail out. Having to sit out something fun will teach them the value of budgeting out their money better, and being more selective about how they spend their disposable income.
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