Children and Money: Why Make Money if You Won’t Let Your Kids Spend It?

Money is a tricky concept worldwide. While some think it is the most essential part of life, many feel it is just to exist happily. No matter what your idea of money is, you need it in this world. You need to earn it, save it and also teach your children the importance of it.

Many parents go out of their ways, strain too much, take more than one job to earn more money and save more. Though some parents are comfortable with letting their kids spend money without much restriction, many are reserved when it comes to letting their kids spend their hard earned money.

So the question here is, why earn all that money if you are not going to let your kids spend it? Here are some reasons many parents earn despite not letting their kids spend it all:

  • Money Value – When you let your child spend it all without any restriction, you are teaching your kid it is easy to spend and there are no consequences. Giving a child unlimited money to spend at starwalkkids could make them happy now, but not really teach them great values. Until they learn to earn their own money, they will not know the value for money and this careless spending will also hamper their adulthood as they just don’t know the importance of money.
  • Saving For Future – one can never be certain of the future. In such cases, it is always wise to save up for the unforeseen future. Be it an emergency, education, vacation or just anything in the future. You need money for it all and parents focus on saving up for a stable and good future for their children rather than let them just spend and enjoy the present.
  • Self Satisfaction – Many parents have a plan and idea for both theirs and their children’s lives. These parents have an aim and a target to achieve. Probably a good bank balance, a house, a fund created for the children, etc. Many parents stop their kids from spending too much so that this dream of theirs can be made a reality.

How to Save Money on Groceries – Top 10 Ways to Save

I am a budgeting pro now:

Even a couple of months ago, I did not care to draw any budgets. I never thought they mattered so much as they now do to me. Budgeting has opened my eyes to so many shopping truths that I would have either overlooked or taken for granted.

But I was used to wondering where my thick package vanishes even when I am only in my third week. Sometimes, I have had to borrow payday loans to carry myself to the next month. But man! Budgeting changed all of that and more.

Do you believe me if I tell you that I have more money that can last me through the entire month and in the last few months, thanks to my newly acquired skill, I have been able to carve out savings too!

Here are ten innovative ways to save money on food:

  1. Discount eateries:

I always prefer dining at places that offer steep discounts. Sometimes the offer is on a particular club that you are a member of or a credit card that you pay with can fetch you a good twenty to fifty percent discount. These offers are really not to be missed.

  1. You must carry your own shopping bag:

Shopping with your own recyclable bag is a great idea for your wallet as well as the environment. Go, green folks!

  1. Organic food is good but can be slightly harsh on your bank balance.

The rule of the thumb does not necessarily go for any organic foods that require peeling and eating the fruit that is inside.

  1. Have you started couponing yet?

Log on to the winning coupon site called Couponobox and begin collecting discount coupons for the things that you regularly buy for your pantry. You will save so much that you can easily afford a vacation, believe me!

  1. Small is thrifty. Getting a small shopping cart to shop helps you prioritize your shopping. It works!

  1. Learn the pattern that stores come out with offers on products that you love. You will be surprised that there is indeed a pattern and that you save big!

  1. Get wine by the dozen. Saving is obvious when you buy cases. Now you have another excuse lol

  1. Online coupons can help you save tons of cash if you will stack more than one coupon together. It is a win-win for you and the retailer.

  1. Shop with your loyalty card and earn more points while encashing the previous balance on the card.

  1. Coffee? If you can drink the free office coffee, think of how much you can save in a month’s time, in years?!!