Comments on: Learning to Say “No” to Your Kids http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Sat, 11 Feb 2012 19:58:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: heaps! http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-31871 heaps! Mon, 18 Oct 2010 21:58:55 +0000 http://moneyning.com/?p=5306#comment-31871 Wow I can't believe that kids are actually discussing whose parents rent or own their houses. What happened to the carefree days? It is important to teach your children about money but also not to compare themselves to others (easier said then done.). I think saying no is also important, they have to realize that they can't have everything and if they want something they have to work for it. Wow I can’t believe that kids are actually discussing whose parents rent or own their houses. What happened to the carefree days? It is important to teach your children about money but also not to compare themselves to others (easier said then done.). I think saying no is also important, they have to realize that they can’t have everything and if they want something they have to work for it.

]]> By: Denise http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28745 Denise Mon, 26 Jul 2010 21:28:07 +0000 http://moneyning.com/?p=5306#comment-28745 Saying no teaches money values as well. Saying no teaches money values as well.

]]> By: heaps! http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28577 heaps! Thu, 22 Jul 2010 03:40:45 +0000 http://moneyning.com/?p=5306#comment-28577 It is difficult, raising kids is a challenge. When I was 6 or 7 my parents had this 'points system'. If my brother or I wanted something, we would have to "earn" it by doing chores and helping out around the house. Whenever we did a chore, it was awarded a certain amount of points and once we reached the targeted amount of points we were allowed to buy what we had our heart set on. This actually worked out quite well because earning the total amount of needed points took some time, which meant that if we wanted it, we REALLY wanted it, it wasn't just an impulse desire from seeing something in a store. I remember another family had so much stuff in their house, whenever we went over we were excited to play with new things, but the kids who owned it all were so bored of it, toys were so quickly neglected and tossed everywhere, it was like a sea of plastic. My parents also made sure that anything we no longer wanted was donated. I heard a great quote, "Material luxuries are best enjoyed in small doses." So true. It is difficult, raising kids is a challenge. When I was 6 or 7 my parents had this ‘points system’. If my brother or I wanted something, we would have to “earn” it by doing chores and helping out around the house. Whenever we did a chore, it was awarded a certain amount of points and once we reached the targeted amount of points we were allowed to buy what we had our heart set on. This actually worked out quite well because earning the total amount of needed points took some time, which meant that if we wanted it, we REALLY wanted it, it wasn’t just an impulse desire from seeing something in a store.

I remember another family had so much stuff in their house, whenever we went over we were excited to play with new things, but the kids who owned it all were so bored of it, toys were so quickly neglected and tossed everywhere, it was like a sea of plastic. My parents also made sure that anything we no longer wanted was donated.

I heard a great quote, “Material luxuries are best enjoyed in small doses.” So true.

]]> By: IC http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28570 IC Thu, 22 Jul 2010 02:32:30 +0000 http://moneyning.com/?p=5306#comment-28570 I also experienced that “renting vs. owning” kid stuff myself but a harsher version. I was visiting a favorite cousin of mine after being away for 5 years. I was amazed to know she’s now the owner of 4 fast food chains. She left me for a while at the living room with her 3-year old daughter watching TV. The kiddo was so snobbish. I just ignored her coz hey, I’m her aunt. She then approached me and asked “Are you wealthy?” then added “Coz you know I am.”Oh my, I was so shocked. I was 18 back then. Now with my own kid, I understood why my niece acted that way. Kids really have a clear view of things around them. My own 3-year old already knows what shirt is better to wear. Anyway, that’s so much for these tips. Like Cath, I also treat my kid that way. I work hard and give him whatever he likes. I know it's not too late to learn to say no. I also experienced that “renting vs. owning” kid stuff myself but a harsher version. I was visiting a favorite cousin of mine after being away for 5 years. I was amazed to know she’s now the owner of 4 fast food chains. She left me for a while at the living room with her 3-year old daughter watching TV. The kiddo was so snobbish. I just ignored her coz hey, I’m her aunt. She then approached me and asked “Are you wealthy?” then added “Coz you know I am.”Oh my, I was so shocked.

I was 18 back then. Now with my own kid, I understood why my niece acted that way. Kids really have a clear view of things around them. My own 3-year old already knows what shirt is better to wear. Anyway, that’s so much for these tips. Like Cath, I also treat my kid that way. I work hard and give him whatever he likes. I know it’s not too late to learn to say no.

]]> By: Ken http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28498 Ken Wed, 21 Jul 2010 12:59:25 +0000 http://moneyning.com/?p=5306#comment-28498 Good topic. We just spent over 200 dollars on my 9 yr old's birthday....I never had anything close to that at his age.....I'm concerned that we're setting unhealthy patterns. We need to have more talks with him about money and start some chores for him. Money and kids is a big issue. Good topic. We just spent over 200 dollars on my 9 yr old’s birthday….I never had anything close to that at his age…..I’m concerned that we’re setting unhealthy patterns. We need to have more talks with him about money and start some chores for him. Money and kids is a big issue.

]]> By: Jerry http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28307 Jerry Fri, 16 Jul 2010 09:39:22 +0000 http://moneyning.com/?p=5306#comment-28307 Limits are so important. They are critical. They are your insurance policy for having well-adjusted kids, in my opinion. My parents were upper middle class and I never wanted for things but I also knew the value of work and I certainly never got something just because I asked for it. I didn't have most things that my friends had. I think that kind of discipline leads to kids who appreciate the things they already have instead of wanting more. Limits are so important. They are critical. They are your insurance policy for having well-adjusted kids, in my opinion. My parents were upper middle class and I never wanted for things but I also knew the value of work and I certainly never got something just because I asked for it. I didn’t have most things that my friends had. I think that kind of discipline leads to kids who appreciate the things they already have instead of wanting more.

]]> By: Cash Saving Mum http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28232 Cash Saving Mum Wed, 14 Jul 2010 05:50:08 +0000 http://moneyning.com/?p=5306#comment-28232 I completely agree, kids are expensive, even before they are born. One trick I learnt to save money on them was to reduce the portion sizes of our families meals, this way there is generally no food wasted at the end of each meal. If the kids want seconds, they can always go back for more, which is more than fine. This is a habit you can teach your children from a young age and in turn you will save food and money. I completely agree, kids are expensive, even before they are born.

One trick I learnt to save money on them was to reduce the portion sizes of our families meals, this way there is generally no food wasted at the end of each meal. If the kids want seconds, they can always go back for more, which is more than fine.

This is a habit you can teach your children from a young age and in turn you will save food and money.

]]> By: Rebecca http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28081 Rebecca Thu, 08 Jul 2010 16:04:09 +0000 http://moneyning.com/?p=5306#comment-28081 I love this article. I try my best to mitigate the materialism that bombards my nieces (which sometimes even involves going against some of their own partents' values.). I try to show them the ricness in sharing art, culture, music, and face-to-face stories as opposed to the packaged and unoriginal tripe that they are constantly subjected to on the tv, that encourages buying to fill that bottomless materialism pit. Hopefully some of my influence will take hold. I love your idea about the charity. Really teaches them how lucky they are and puts their own needs into perspective. Thanks for that idea. I will add it to my arsenal and continue to fight the good fight. I love this article. I try my best to mitigate the materialism that bombards my nieces (which sometimes even involves going against some of their own partents’ values.). I try to show them the ricness in sharing art, culture, music, and face-to-face stories as opposed to the packaged and unoriginal tripe that they are constantly subjected to on the tv, that encourages buying to fill that bottomless materialism pit. Hopefully some of my influence will take hold.

I love your idea about the charity. Really teaches them how lucky they are and puts their own needs into perspective. Thanks for that idea. I will add it to my arsenal and continue to fight the good fight.

]]> By: Monroe on a Budget http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-28036 Monroe on a Budget Wed, 07 Jul 2010 04:36:52 +0000 http://moneyning.com/?p=5306#comment-28036 Amazing story about rental vs. buying a home. Anyway, on topic, the concept of having the kids help budget their personal expenses regardless of the formula that is used really does work well. My parents expected us to put half our money in a savings account to use for big ticket items such as summer camp expenses. And I settled on sending my daughter out to buy her own clothes (or encouraging aunties to take her shopping as their birthday gift) because I was annoyed with standing around in the waiting room. Amazing story about rental vs. buying a home. Anyway, on topic, the concept of having the kids help budget their personal expenses regardless of the formula that is used really does work well. My parents expected us to put half our money in a savings account to use for big ticket items such as summer camp expenses. And I settled on sending my daughter out to buy her own clothes (or encouraging aunties to take her shopping as their birthday gift) because I was annoyed with standing around in the waiting room.

]]> By: Andy http://moneyning.com/kids-and-money/learning-to-say-no-to-your-kids/comment-page-1/#comment-27905 Andy Sat, 03 Jul 2010 02:03:28 +0000 http://moneyning.com/?p=5306#comment-27905 Great post and yes teaching them constraint at an early age will actually do them a lot of good in the future. Great post and yes teaching them constraint at an early age will actually do them a lot of good in the future.

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