Parenting > General Parenting > Family FinancesNovember 04, 2011
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Teaching Your Kids About Frugal Living

A young child counting coins.Living a frugal lifestyle is much easier if you actively teach your children to be frugal too. Teaching them about frugal living will also help them when they are older. This is a guide about teaching your kids about frugal living.

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Teach Your Kids To Use Coupons

To teach teens to save money allot one day each month for one full year to reward the teen each time they take the initiative to save money. Reward them with an coupon.

Use the Entertainment book coupons or coupon card to reward them with a 2 for 1 entree, discount movie tickets or savings on some other event. Give them the money for the event and encourage them to take a friend along using the coupon to cover the friend's expenses.

The greater the savings your teen has made for frugality and thriftiness, the greater the reward can be. From a meal at a local restaurant to a trip to a theme park.

In time, they will get in the habit of using coupons when having to spend money on entertainment while helping others to learn how to cut back on needless expense.

By Mark

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