Teach your kids to save Months after it hit the country, the economic recession still has not given families time to breath.
As some people continue to lose their jobs, others are finding it almost impossible to find a new one.
New problems and concerns arise as the price of gasoline and other basic needs continue to get higher.
For the families affected, it is certainly a need and advantage if they can find an additional source of income.
Providing for the children is always top priority.
So families are always looking for ways to save and divert some of their cash flow to the more important things like school and food.
During this desperate time, every member of the family must learn how to contribute to everyone's well being.
The economic recession is a very serious matter so children must be made to understand that their parents need their help too.
The kids must be taught that no matter how small their efforts are, it can already help the family in a big way.
These lessons that are shared to them during hard times will not only add to the efforts of the family, it will also serve as great example for them.
So when they grow up and face similar problems, they are already well equipped from their parent's teachings.
One simple, and very doable task that your kids can do to help, is to learn how to save.
Read about different tips on teaching your kids how to save, to help them understand the situation better.
Help them understand Kids know more than they are given credit for.
When difficult situations like these arrive, parents must explain to their kids clearly to make them understand the situation better.
If they can comprehend what is happening, they will be able to relate to you better.
Some of them may even choose to help without being told to do so.
You must remember that kids hate it when they are told to do something but are not told the reason as to why.
They trust the adults to know what is right but, they also expect to be trusted in the same way.
If they are just bossed around for no reason, they will most likely rebel.
Piggy Banks The children of the digital age may no longer value the use of the old fashioned piggy bank.
Nevertheless, show them that these are still useful items that can effectively teach them the value of saving.
Tell them they can start by saving up a portion of their allowance so they could buy the items that they want.
Quarters or pennies, it doesn't matter how much they put in as long as they start saving.
In the end when everything is added up, that penny or quarter will eventually become a dollar.
Get only what is necessary Teaching your children the wisdom of saving and then buying only what they need is a tricky task.
But, if they are successfully taught this important value they'll grow up into responsible adults who will not max out credit cards on unnecessary things.
You can even start teaching them by asking them not to waste food.
Tell them that they must not leave leftovers so that they will learn to take only what is necessary for them.
Practice what you preach Children mirror what the adults around them are doing.
This is a given fact so make sure that you set a good example.
If you ask them to contribute in their own little way you must show them that you acknowledge their efforts by also doing the right thing.