5 Ways to Raise Secure, Unspoiled Kids

1.) Use allowance as a teaching tool

Give your kids their allowances with no strings attached to help them acquire money management skills through saving and spending trial and error. 

2.) Boost their confidence

Don’t let your child’s spending habits sway with peer pressure. Instead, help them build a sense of worth that’s independent of material possessions. 

3.) Say no

Refuse your children’s requests on occasion so they can learn how to accept a no. 

When turning down a request, don’t mention money. Instead of saying: “We can’t afford that right now” Try: “You don’t really need that right now.” 

4.) Encourage work

Kids who hold down a job learn responsibility, develop a work ethic and will value their money more. Encourage your child to look for summer jobs and to accept the occasional babysitting job. 

5.) Model gratitude and giving

Teach your children to appreciate what they have and to give back to others by using every opportunity to model these behaviors yourself.