Helping your children learn the value of money - household spending

Do your children understand the value of money? Do you buy your children everything they want? Most parents do this because they love their children and want to give them everything they can. However, in the long term, this strategy is potentially harmful to your children. Children who are used to getting everything they want will have a hard time valuing money and understanding the concept of budgeting, earning and saving for the things they want in life. This can lead to over spending, over use of credit cards and a lifetime of money problems.

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