{"id":77,"date":"2008-05-04T16:07:00","date_gmt":"2008-05-04T21:07:00","guid":{"rendered":"http:\/\/teachingchildrenaboutmoney.com\/blog\/77\/how-can-you-avoid-spoiling-your-kids\/"},"modified":"2011-02-20T17:11:14","modified_gmt":"2011-02-20T22:11:14","slug":"how-can-you-avoid-spoiling-your-kids","status":"publish","type":"post","link":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/77\/how-can-you-avoid-spoiling-your-kids\/","title":{"rendered":"How Can You Avoid Spoiling Your Kids?"},"content":{"rendered":"<p><span style=\"font-weight: bold; font-size: 180%;\"><a href=\"http:\/\/money.cnn.com\/2005\/10\/03\/pf\/kids_money\/index.htm\" target=\"_blank\"><span class=\"storysubheadline\">Is your kid a spoiled brat?<\/span><\/a><\/span><\/p>\n<p><span style=\"font-size: 130%;\"><span class=\"storytease\">&#8220;Instead of an iPod nano, give your kids the tools they need to be <a href=\"http:\/\/www.TeachingChildrenAboutMoney.com\" target=\"_blank\">financially independent adults<\/a>.<\/span><\/span><\/p>\n<p><span class=\"timestamp\">October  6, 2005: 11:33 AM EDT <\/span><br \/>\n<span class=\"storybyline\">By Jessica Seid, CNN\/Money staff writer<\/span><br \/>\n<!--startclickprintexclude--> <!-- CONTENT --><!--endclickprintexclude--> <!--startclickprintexclude--><\/p>\n<table style=\"padding-left: 10px;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"220\" align=\"right\">\n<tbody>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td><!-- CL type: context (narrow) --> <!-- CL category: moneypersonalfin --> <script type=\"text\/javascript\">\/\/ < ![CDATA[\n if(cnnEnableCL){if(location.hostname.indexOf('.cnn.com')==-1){cnnAddCSI('contextualLinks','\/.element\/ssi\/contextual\/story.html','origin=money&#038;site=cnn_monfin_dyn_ctxt&#038;category=moneypersonalfin&#038;url=http:\/\/robots.cnnfn.com\/2005\/10\/03\/pf\/kids_money\/index.htm');}else{cnnAddCSI('contextualLinks','http:\/\/cl.cnn.com\/ctxtlink\/jsp\/money-story.jsp','origin=money&#038;site=cnn_monfin_dyn_ctxt&#038;category=moneypersonalfin&#038;url=http:\/\/robots.cnnfn.com\/2005\/10\/03\/pf\/kids_money\/index.htm');}}\n\/\/ ]]><\/script><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!--endclickprintexclude--><\/p>\n<p><strong> NEW YORK (CNN\/Money) &#8211;      Last year you caved and bought your kid an iPod, now they want a nano. Where does it end? <\/strong><\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>&#8220;Just say no,&#8221; said Janet Bodnar, author of &#8220;Raising Money Smart Kids&#8221;<\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--> <script type=\"text\/javascript\">\/\/ < ![CDATA[\n  var clickExpire = \"-1\";\n\/\/ ]]><\/script><\/p>\n<p>Many parents struggle with not buying their children what they desire when they can afford to do so. But &#8220;it has nothing to do with whether you can afford it,&#8221; warned Neale Godfrey, author of &#8220;Money Still Doesn&#8217;t Grow on Trees.&#8221; &#8220;It has to do with the values you want to raise the kids with.&#8221;<\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>Let your child in on your spending decisions and convey the reasons behind the choices that you are making. Explain that &#8220;we are saving money for a vacation or something else,&#8221; Bodnar said, who believes the biggest problem parents have is not talking to their kids about money.<\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>Here are a few other suggestions to keep your kid from becoming a brat.<\/p>\n<div style=\"text-align: left;\"><strong>Give them an early start<\/strong><\/div>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>Starting when your kids are young, give them a simple lesson in finances. &#8220;Explain to them that the bank is a big piggy bank for Mom and Dad,&#8221; Bodnar said, make sure they realize that the money you have in the bank is not limitless, but only as much as you have put in.<\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>Even as early as three years old, your children begin to understand that money is the medium of exchange, which means that&#8217;s when their financial education should start, according to Godfrey.<\/p>\n<p><!--startclickprintexclude--><!--endclickprintexclude--><\/p>\n<p>&#8220;It&#8217;s easier if you start them at three than at 18,&#8221; she said. But if you are already faced with disillusioned teens, it&#8217;s not too late to teach them money-smart lessons.&#8221;<\/p>\n<p>This is an amazing article I just found through Google Search that has an incredible amount of practical and extremely effective information for parents on how to make sure that you don&#8217;t end up with a spoiled dependent child. <a href=\"http:\/\/money.cnn.com\/2005\/10\/03\/pf\/kids_money\/index.htm\" target=\"_blank\">Click here<\/a> to read more of the article with all of their tips on how to make sure you don&#8217;t end up with a spoiled child.<\/p>\n<p>Cheers&#8230;.Amanda van der Gulik&#8230;.Excited Life Enthusiast!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is your kid a spoiled brat? &#8220;Instead of an iPod nano, give your kids the tools they need to be financially independent adults. October 6, 2005: 11:33 AM EDT By Jessica Seid, CNN\/Money staff writer NEW YORK (CNN\/Money) &#8211; Last &hellip; <a href=\"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/77\/how-can-you-avoid-spoiling-your-kids\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1531,217],"tags":[34,1550,84,247,81],"class_list":["post-77","post","type-post","status-publish","format-standard","hentry","category-kids-money-management","category-parenting","tag-financial-education","tag-parenting","tag-saving-money","tag-smart-kids","tag-value-of-money"],"_links":{"self":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/77","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=77"}],"version-history":[{"count":2,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/77\/revisions"}],"predecessor-version":[{"id":556,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/77\/revisions\/556"}],"wp:attachment":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=77"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=77"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}