Here is a great idea that we use to expand on our sticker chart success (see article: Chore Sticker Charts).  We initially posted an idea to allow kids to earn stickers for doing regular chores, like get ready for school in the morning.  Our printable sticker chart has 20 spots, and kids earn a sticker for each chore completed without complaining.  They get a prize or money as a reward when their sticker chart is filled up.

As your kids earn money they will have many ideas on how they should spend it.  We taught our kids to divide their money into 4 categories to learn to be responsible and how to manage their money.

Kids need to hear it…parents need to say it!  For example, kids always ask for just about everything they see at a store…Can I get this?  Can I have that?  If you always give in and say yes, two things will happen. 

Paying just a little bit extra on every loan will have huge benefits in the long run.  This practice allows you to pay off loans quicker so you have fewer payments to make and saves you hundreds or even thousands on interest. 

Here are just 2 examples.