𝐍𝐨𝐰 𝐢𝐬 𝐲𝐨𝐮𝐫 𝐜𝐡𝐚𝐧𝐜𝐞 𝐭𝐨 𝐢𝐧𝐬𝐭𝐢𝐥𝐥 𝐠𝐨𝐨𝐝 𝐬𝐚𝐯𝐢𝐧𝐠 𝐡𝐚𝐛𝐢𝐭𝐬 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐤𝐢𝐝𝐬. 𝐎𝐮𝐫 𝐭𝐢𝐩 𝐚𝐛𝐨𝐮𝐭 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐩𝐚𝐢𝐝 𝐟𝐨𝐫 𝐞𝐱𝐭𝐫𝐚 𝐰𝐨𝐫𝐤 𝐰𝐢𝐥𝐥 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮𝐫 𝐤𝐢𝐝𝐬 𝐠𝐚𝐢𝐧 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐩𝐨𝐜𝐤𝐞𝐭 𝐦𝐨𝐧𝐞𝐲 𝐟𝐨𝐫 𝐜𝐡𝐨𝐫𝐞𝐬, 𝐛𝐮𝐭 𝐚𝐥𝐬𝐨 𝐢𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬.
It is important to give them a meaningful level of financial independence – even for those children who are natural spenders. The consequences of these habits – in the form of much lower savings than their siblings – will soon become apparent. By ‘feeling the burn’ now and getting used to getting rewarded for their work, they might just reform their ways ahead of their entrée into the big wide world.