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5 Tricks To Keep Your Kid From Becoming A Spoiled Brat

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Kids need to learn that money doesn't grow on trees.
Teach your kid the value of a dollar now and save yourself a lot of heartache down the line.

Money Huddle Tip: At your next Money Huddle, work out a plan for how you'll deal with your children's requests for stuff. Decide together what should be in the "need" category. If you like, set aside a small amount of "want" money in your monthly budget for those times when you want to give your children a surprise treat or gift. Agree to set up a "spend" "save" and "give" system, for your child, by the end of the month.

The Money Couple

More from YourTango: 3 Reasons Not To Be Homeowners Before Marriage

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Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are authors, regulars on national TV, radio and speak internationally about “Love and Money”. With 40 years of combined financial planning experience they launched The Money Couple® and have dedicated their lives to helping couples bring their love and money together. Scott and Bethany enjoy an active lifestyle living in Colorado with their two young sons, Cole and Cade.

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Location: Colorado Springs, CO
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Other Articles/News by Scott and Bethany Palmer The Money Couple:

3 Reasons Not To Be Homeowners Before Marriage

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Save yourself a lot of heartache by avoiding the new trend of millennial couples who are buying homes together before they're married. A recent study by Coldwell Banker found that "about one in four married couples younger than 35 bought their first home together before they actually tied the knot." Although more and more couples are making this ... Read more

We Can Stop Divorce

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We get the opportunity to talk to a lot great people across the nation – young and old, rich and poor – and all kinds of folks are telling us, “We’re sick of divorce.” People are tired of the pain and destruction caused by divorce. It hurts our children through the tension, fighting, and fear. It wounds each individual who ... Read more

5 Questions to Ask Your College-Bound Kid

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College selection time can be scary — and exciting — for both you and your young adult. But with thousands of colleges in the United States, plus online and overseas options, college selection can also be overwhelming. Discussing those options is a terrific opportunity for you to learn more about your children, and hear what is important to ... Read more

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