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Are your kids spoiled? Do they always want more and more and they are never satisfied with what they have?
Many children today do not know the value of a dollar, and it is up to parents to teach their children how to manage money and manage their time wisely.
According to Lorilee Craker, author of Money Secrets of the Amish: Finding True Abundance in Simplicity, Sharing, and Saving, the Amish people know a few things about raising responsible children.
Amish children, from a young age, are taught to work and to appreciate everything that they have.
How do they go about teaching their children these important life skills? Is it too late for our children? According to Craker it IS possible to “de-spoil” our children now before it is too late.
One important key in teaching your children to manage money wisely is to teach them to be happy with what they have.
Sounds easy, but many adults struggle with this same problem, and if we as adults cannot be happy with what we already have, how can we teach that idea to our children?
Kids have more toys than they could ever need. Help your children sort through their toys and get rid of toys they never play with.
Have them give those toys to charity. In the process of going through and sorting and organizing toys, your children will likely discover toys they forgot they had and become interested in them once again.
Wants vs. Needs
This is another hard one. When kids want something, is it something they really want, or something they really need?
Most often things we want are not truly needs. When your child asks for something talk to them about whether it is something they really need.
Say No to Your Kids
One thing that many parents have a hard time with is saying no to their children. It’s sometimes much easier to say no to the big things than the little things, especially when parents just want their kids to be happy.
If your children pester you for things every time you go to the store, then really try to make an effort to sometimes say no.
Kids need to know that they can’t always have what they want, no matter how small the item is.
If you start pocketing the money you save from telling your kids no, you will be surprised at the money you are saving that could be used for something else.
The concept of delayed gratification is foreign to a lot of people, children and adults alike.
Delayed gratification doesn’t mean you have to deprive yourself or your children, it just means you have to earn it first.
For adults, it means earning the money first and not charging things on your credit cards (children learn this behavior from their parents).
For children, this means instead of parents buying something for their children that the child really wants, the child earns the money to buy the item himself.
Something that is earned has more value than something that is just given to you.
It takes hard work to earn the things we want in life, and this should be taught to children at a young age.
Things in life aren’t just handed to you. Children should be doing chores around the house to help their parents.
When they get older they can get a part time job to help pay for the things they want and need.
If these ideas are taught to children at a young age, they will grow up knowing how to work hard and manage money wisely. It is never too late to de-spoil your kids.
Start today, and watch as your children learn how to work hard and become good stewards of their money. Order your copy of Money Secrets of the Amish from Amazon.
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