All About The Benjamins

Ok.... My name is GlmrGrl98, and I like to shop... First step is admitting I have a problem... No, really I DONT have a shopping problem. I like to shop, but what I like even more is saving money.
No, really, do you ever think about saving money and putting it into an account that will grow your money? And what do you teach children about money and saving?
I am open with my children about money and how their relationship with it can shape their future as adults.
When they are given money as gifts from family or my husband or myself, I encourage them to save. They each have a bank account and they can put half of the money into the account, no matter how big or small.I tell them this is a way of paying themselves first. Then they can use the rest of the money for whatever they want. Another idea is to have them do the monthly bills with you. This shows them the expenditures that occur every month. Sacrifice something in the household.... No, not the family pet.!!.. But something like cable tv. We have not had satellite/cable tv in almost 3 yrs. And guess what? They dont miss it!! And I save almost $150 per month!! So, Im not trying to tell anyone what or how to run their household. Im just giving suggestions on how you can be resourceful so that when you do decide to purchase a high ticket item, (ie: that Louis Vuitton Neverfull MM bag), then the funds are there at your disposal. This also helps to grow a generation of financially responsible adults. Till next time my lovelies! Xoxo