Comments on: Take Advantage of Teachable Moments

By: Personal Finance - Thecreditcardfiles.com » Never Say We Can’t Afford It

Personal Finance - Thecreditcardfiles.com » Never Say We Can’t Afford It — Thu, 04 Jun 2009 02:05:18 +0000

[...] Take Advantage of Teachable Moments at Being Frugal [...]

By: * Never Say We Can’t Afford It

* Never Say We Can’t Afford It — Wed, 27 May 2009 03:37:24 +0000

[...] a few articles you may like:10 ideas to help you teach kids to save money at Gather Little By LittleTake Advantage of Teachable Moments at Being FrugalEasy Conversation Starters About Money with Your Kids at BargaineeringWhat would you [...]

By: turnitupmom

turnitupmom — Fri, 15 May 2009 01:05:30 +0000

My mom always said that "money doesn't grow on trees" and "Who do you think I am? Rockerfeller?" But then she bought it anyway. My goal is to send clear, consistent messages to my daughter about money. I'm just wondering, what's your feeling on an allowance? There are so many conflicting views. Mine is only 18 mo. so I have some time, although it's flying! turnitupmom’s last blog post..Best Buddies

By: Kelly from Almost Frugal

Kelly from Almost Frugal — Thu, 14 May 2009 14:41:11 +0000

This is a great story! We've had a couple of times where my kids have asked me for something after they've already spent their money, but have always accepted 'no' for an answer. However, the teachable moment we've been having lately is about where money comes from (hint: you can't buy it at the bank)and how to get more. So we've been doing a lot of talking about working, and contributing to the family, and society and so on. Kelly from Almost Frugal’s last blog post..College and Money

By: Bob's Occasional Musings

Bob's Occasional Musings — Thu, 14 May 2009 02:30:22 +0000

I'll never forget my first teachable money moment with my daughter. When I told her we didn't have enough money to do something, her answer was.... just go to the ATM. I was able to explain that for the money to come out of the ATM, the money had to get into the bank via the salary I was paid. She was about 8 then and still remembers it now at 23. Bob's Occasional Musings’s last blog post..Winning a Customer By Doing the Right Thing

By: JT Locke -- The Frugal Housewife

JT Locke -- The Frugal Housewife — Wed, 13 May 2009 19:35:57 +0000

This was a great lesson for the child to have learned and hopefully will remember at some point in time when she is older. The patience that was had in teaching this lesson about money was something that was also taught to the child. It would have been hard for me not to have caved but I wouldn't have because the lesson is too important in this situation. JT Locke -- The Frugal Housewife’s last blog post..Wordless Wednesday — Desert Flowers in Arizona

By: CJ McD

CJ McD — Wed, 13 May 2009 15:11:14 +0000

Sooo sad. But only for a short time. Definitely let the lesson be learned early on.

Tell them you have no more money for them, but you have LOTS of hugs to give.

By: marci

marci — Wed, 13 May 2009 14:41:46 +0000

Tough Love is a good thing!

The long term effects of that will far outweigh the short term pleasure.
Lessons have to be learned. And they won’t learn them any younger than right now.

When taking my grands garage saling, I do make sure they 1) earn the money from me for chores, and 2) are reminded along the way that when that’s gone it’s gone, so they’d best save some for the next sale, or save it as long as they want it – ie, there is no pressure from me to spend it on the sales.

By: Emily

Emily — Wed, 13 May 2009 13:54:26 +0000

I ran into a similar situation a few months ago with my stepdaughter. She was given a choice: she could “sell” me one of the items that she already purchased in order to have money for the new item, or she could keep what she’d already bought and not get the new item. I thought about her trading future chores for the item, but I didn’t want to introduce to the idea of working on credit, so to speak.

By: Denise

Denise — Wed, 13 May 2009 13:48:03 +0000

I agree with the path the Coach was taking. It is so hard not to cave in. Like you said, it is just a dollar, but the lesson learned from the no is so much more important. Denise’s last blog post..Bally Total Fitness