Fredericksburg Parent

September2012

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Raising Budget-Savvy Kids continued from pg 21 Keep the Change While it is easy to swipe a credit card for purchases, CHILDCARE YOU CAN TRUST 3-STAR RATED PRESCHOOL BEFORE & AFTER SCHOOL ENRICHMENT CHILDCARE HOLIDAY BREAK CAMPS SUMMER DAY CAMP KIDZ ZONE it is important for me to buy things with cash. Using cash is a conscious decision that shows money in and money out, and when it's gone, it's gone. My son gets to keep the change from our errands, reminding me to use cash because he asks for the coins. I now realize that most of my weekly cash allowance is spent on food the little guy! So whether it is cutting coupons, buying second hand or doing without, maintaining the family budget and entertaining wire balancing act. We are a frugal family that toes the line and if we misstep, we have our savings as our safety net. is like a high to say no to my son. I would love to buy him everything he wants now, but what does that teach him? By participating at the register and earning rewards, I am helping him to understand there is just so much money (in the budget), a little bit of patience, and mommy is not made of money. As a parent I hate budget savvy mom who lives Nikki Ducas where 3-year is respect money. old-son how to teaches her a in Fredericksburg she Practical Ways to Teach Kids to Save. Try These Earn Your Keep Creating a task list gets your around the house. They can earn money for tasks completed rather than given an allowance. feeling good about accomplishments as children they help Envelope System Having an envelope marked "to spend," "to save," to give" shows children where their money goes and makes them want to save. Keep the Change Allowing children to keep the coins from purchases gets them interested in money and forces you to use cash. MASSAD FAMILY YMCA 212 Butler Rd. Falmouth, VA 22405 540-371-9622 www.family-ymca.org 22 Fredericksburg Parent and Family • September 2012

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