Monday, August 16, 2010
Fashion your technique around corporate strategies – many companies reward their employees for self initiative (losing weight, quitting smoking and 401(K)s) provide incentives. Saving is tough; develop a model that works for you. I reward my kids with a dollar-for-dollar match. I love this lesson, it promotes saving through encouraging incentive and still rewards their hard work through occasional spending. Help them manage their money – if you are a notorious payment skipper, set up a savings account tied to a debit card at your local bank. That way you can transfer money on a scheduled basis. It teaches them structure and paying bills on time. As hard as it is, allowing our children to make mistakes and live with them builds character. Don’t bail them out! Children much like adults need to learn - I’m living proof of that. Have a wonderful week everyone, love and blessings.
Images: We Heart It