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5 Ways To Teach Your Kids To Be Smart About Money

by Karly Wood November 26, 2014
by Karly Wood 423 views
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5. Teach The Difference Between A Need And A Want

To a child, they “need” everything. As a parent, we need to define the difference between what they actually need and what they really want. There is nothing wrong with having wants, but they should be something that we save for.  By ensuring our kids know the difference between a need and a want, we are helping them avoid impulse buying and budgeting nightmares!

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Karly Wood

Karly Wood

Editor at Red Tricycle
I'm a born and bred Southern California native and currently the managing editor at Red Tri. I get to share my life with my husband of 13 years and our beautiful, 5-year old daughter. In my free time you'll catch me cheering for the Dodgers, cooking, baking, reading, crafting and probably watching a little HGTV!
Karly Wood

Karly Wood

Karly Wood

Latest posts by Karly Wood (see all)

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Karly Wood

I'm a born and bred Southern California native and currently the managing editor at Red Tri. I get to share my life with my husband of 13 years and our beautiful, 5-year old daughter. In my free time you'll catch me cheering for the Dodgers, cooking, baking, reading, crafting and probably watching a little HGTV!

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Motherhood and Moms Lifestyle – Live like a Mom | LifeAsMama
  • Motherhood
  • Pregnancy
  • Beauty
  • Health
  • Kids
    • Baby
    • Toddler
    • Little Kid
    • Pre-Teen
    • Teenager
    • Adoption
  • Lifestyle
    • Career
    • Beauty & Style
    • Home
    • Inspirational
    • Food
    • Fitness
    • Travel
  • DIY
    • Printable Coloring Pages
    • Crafts
    • Design
    • Holiday
  • Contact Us