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Wednesday, August 29, 2007
Should your child be on a budget?
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I know it is hard to refuse a cute face, asking you to buy ice cream and the latest toy in the store every time you go out. If you feel out of control and can't refuse, you might be spending too much on your child. Rest assured, you are not alone, and it might not be too late to teach yourself and your children good budgeting tools.
Consider putting yourself and your child on an allowance. Also make a budget and allocate the expenses to help you see how your money is spent. If your children are older, you might want to pay them for taking out the trash, or doing their homework; it will teach them the value of responsibility and they can earn money at the same time! It will also make your trip to the mall more enjoyable.
Remember to check your budget frequently. You may find that this year having your 4-year olds birthday party at the park for a barbecue is more reasonable at that time compared to hiring a magician and a clown...but still a ton fun!
Wendy, BSc, DTR
Nutrition Specialist
“Vision without action is a daydream. Action without vision is a nightmare.”
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