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How To Get Your Children To Help You Save Money

When it comes to needing to save money on things such as the utility bills and additional random expenses, it is easier when the whole family is involved. Many parents feel as though it is not the child's place to understand the family budget and financial troubles, but there is a big benefit to teaching your child about how the real world works. Of course, you will want to be careful on the type and amount of information that you give depending on the age and maturity of the child.

Seven year olds do not need to be taught about foreclosure because they will most likely have nightmares about being homeless. Teaching them about how much money the electric in the home really costs is another story. There are a few good reasons why you should teach your children about saving money and the expense of everything. To start with, it will allow them to actively help you save money. It will also help them understand that the world is not an easy place to live in. The fact that they learn about how things really work will encourage the children to not want to grow up too fast and it will help them see how a college education would benefit them.

Actions Children Can Take

The best way to start your children off is to sit them down and explain to them the cost of the bills and how the bills are calculated. Have them help by keeping the lights off during the day. Open the curtains and let some of that free light in. Keep the air conditioners off and run a few fans instead. And when the lights are needed during the night hours, make sure that they are being turned off when the room is being left empty. Turning off the water while brushing their teeth and taking shorter showers and baths is a great way to save on the water bill.

Younger kids need to be taught that they do not have to ask for every toy that comes out with a cool commercial. While you are the adult and the ultimate decision is yours, it can be hard to say no to the children you love so much. So, it is much easier when the children simply refrain from asking for so much. For older children who are capable of working, they can cut the grass instead of hiring a lawn care service to do it. The same goes for families that live in areas where ice and snow can be a problem during the winter. Instead of hiring someone to clean the walkway and driveway, have the teenagers do it.

Talk about disconnecting the cable television during the summer months when the weather is the nicest. This will encourage the children to play outside or play more creative things inside. Not only does this save the family a lot of money every month but it encourages the children to do something better with their time. While these are just simple suggestions as to what can be done to get the children involved, there are many more things that you can have them do.

Take Precautions

You will want to be careful though as this is a touchy thing to do. If done correctly, the child can grow from the experience and be better prepared for the future. The child can feel as though he or she truly helped the parents and the feeling of accomplishment that comes along with that simply cannot be beat. There is a downside though if this is implemented wrong. If too much pressure or too much information is given to a child, then the child can be thrown into overload. You certainly would not want your child to grow up to resent you once he or she is into adulthood.

Just be careful with what you do, what you say, and how much you put on the shoulders of the child and everything will be all right. This is a situation that everyone can benefit from so start talking to your children. You never know, they may have suggestions on ways to save money that you never thought of.