Raising a child who knows the value of money takes a lot patience. As your child still relies on your for spending money, he may take its importance for granted. Telling him that you will not always provide for him is a good way to remind him to pay more attention to what and how he buys things, but if you say it too often, he may think that you're just nagging him.

Help your child become more conscious of saving and spending through the following tips:


Here are more tips you can use to help your child learn the value of money:

• Kiddie Cash Smarts: 10 Ways to Teach Your Child to be Money Wise

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(First published in Good Housekeeping Magazine; Money section as "Money Wisdom" in June 2006; photo source: sxc.hu; adapted for use in Female Network)


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