Being one myself, I know how kids can get kind of greedy this time of year. Before you know it, their gift list is as long as your arm and they're expecting Santa to bring them everything their heart desires!
Well, here's how to teach your kids the value of a dollar from the book "Dollars and Sense For Kids"
The first lesson: You earn money, you aren't entitled to it. Most kids start getting an allowance by age 7, but the allowance shouldn't be a gift. You can pay your child to do chores but not ones that benefit him, like cleaning his room. However recycling, washing the dishes and walking the dog are all cash worthy.
The next lesson: It isn't a bargain if you don't need it. How many times have you been walking through a store when your kid comes running up to you with a toy in their hands saying, "but it's on sale! Why can't I have it?" The next time they do this tell them they can have it but they have to pay for it themselves. Hopefully they'll think twice. The book also suggests having your kids pay for their own concessions at the movies. You get the tickets, they buy the popcorn. You'd better bet they'll be looking for the theater that gives free refills on drinks!
And the third money lesson for kids: They're richer than they think. Everyone who lives in this country is wealthy - it's a matter of perspective. If you have food, clothes, a car, and a roof over your head you're better off than a lot of people in other countries. Help your kids understand gratitude, especially this time of year. And tell them being "rich" is having what you need and being around the people you care about.