This may sound obvious, but it’s difficult to teach your kids to save for a rainy day when you yourself are always spending money at the drop of a hat. Children are very perceptive and watch no one else closer than they watch their parents. Remember this the next time you overextend your credit or write a bad check.
Teaching financial responsibility to kids isn’t always easy. As parents it’s hard for us to deny our children of the things we know they really want. But if we just keep in mind that by making our children work for things instead of handing them everything on a silver platter, we are giving them a gift that will last a lifetime