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Tweens and Teens
Reply to "Affluent parents -how do you handle money and your kids?"
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[quote=Anonymous]We are in a similar situation as OP. Our strategy is to teach budgeting. For example, on vacation, kids get a $20 budget for souvenirs, they have to shop and choose wisely. When they get older, I plan on giving them a seasonal soothing budget. If they want to blow the whole season on a monclear vest, they best make sure they have pants and shoes that will last them until the next paycheck! One of the reasons husband chose the job he chose is so we could go on nice vacations and enjoy some of the nicer things in life. Acting like you don't have money won't solve your problem. Teaching positive money management will. [/quote]
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