74 – How I Stopped Being My Kids' Human ATM (And Started Teaching Money Skills)

Transform your back-to-school shopping from a budget-busting headache to an opportunity for teaching financial responsibility. I share how I went from spending $100 per child on school supplies to $50 while teaching my kids valuable money lessons in the process.

• Set a firm budget before looking at supply lists and commit to not exceeding it
• Give kids their budget in actual cash so they can physically see their spending limits
• Let them keep whatever they don't spend as an incentive to make smart choices
• Apply the same system to clothes shopping to extend the financial learning
• Even reluctant shoppers benefit from learning how to make purchasing decisions
• Generic supplies work just as well as fancy ones for academic success
• Teaching budgeting and financial trade-offs provides lifelong skills

Email me at [e-mail] or go to my website at www.parentingdecoded.com.

Have a blessed rest of your day!