Teaching Your Kids to Save During Recession
During these times, people are thinking of ways on how to save up. This is especially true with families that support one or two or more children. Between feeding them and sending them all to school, these families will surely have to scrimp on some areas in order to survive.
But parents should not be the only ones who should be scrimping. When it comes to saving money during economic recession, their children can also play important roles. In fact, they can use these tight times to teach them children about saving for the future and saving money. This will help them deal with tighter times in the future should they experience it when they have families of their own. Below are some of the ways that you can teach your children about saving up.
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Having coin banks may seem outdated in this digital age but it is nevertheless still effective in teaching kids how to save up.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.
Comments
Menu
My Articles
Economic Recession: What You Should Do To PrevailHow To Survive The Economic Recession
Defining An Economic Recession
What Is An Economic Recession
Economic Recessions Are Normal
Economic Recession And What It Can Do To You
Teaching Your Kids To Save During Recession
The History Of The American Economic Recession
Young And Jobless: The Effects Of Economic Recession On The Youth
Far-Reaching Economic Recession
Economic Recession: A Wake Up Call
How To Save In Times Of Economic Recession
How Can You Survive During An Economic Recession
Redundant Women: The Effects Of Economic Recession On Women
Road Sign Ahead: Signs Of Economic Recession
What To Watch Out For During Economic Recession
On The Dole: The Effects Of Economic Recession On Employment
Behind The Hitch: The Causes Of Economic Recession
Collateral Damage: Suicide And Economic Recession
How To Survive In An Economic Recession
Economic Recession, Tips To Deal With It
How Can Your Business Survive An Economic Recession
Economic Recession And How To Deal With It
What Economic Recession Is All About
Related Sites | My Articles How To Survive In An Economic Recession A country's economy is a cycle. Sometimes it's at the top and.. Benefits Of An Economic Recession A lot of people think that an economic recession is bad. While that.. The History Of The American Economic Recession This year, there have been murmurs that the United States is entering, again,.. Economic Recession: A Wake Up Call Economic recession is an event that nobody seems to be happy hearing. Every.. |
|
|
Related News:
|