Showing posts with label budgeting. Show all posts
Showing posts with label budgeting. Show all posts

Thursday, December 16, 2010

Let your kids redecorate - it’s a great teaching tool!

“The easiest way to teach children the value of money...
is to borrow some from them.”  Anonymous

Preteen room by decoratorJennifer Mullin of Ideal Spaces in Alabama - charming!

Is your son or daughter begging for a bedroom makeover?  This is a great chance to teach them about budgeting and let them express their personal taste.
First, set a budget.  Decide how much money your can afford for the project and decide if the child has to contribute to that fund.  For the lessons in this article, it’s not really important for them to contribute, since it’s about budgeting and planning, rather than earning.
Next, decide the parameters.  Are the floors off-limits?  But an area rug is okay?  What about paint?   It’s reasonable to let them choose the wall or ceiling color, but what about the trim, molding and doors?  Can they paint the furniture, or buy new?
Once the limits are set write them down on paper along with the budget and have everyone sign the decorating contract.  Then let them shop!  Make sure they understand that they only have this amount of money, that it needs to account for sales tax and shipping, if applicable, and help them create a complete plan before they ever lift a paint brush or buy a comforter.  Teach them to ask about return policies at stores and how to care for packaging and save receipts in case they need to take something back.
Make sure the contract states that you get to review the plan before implementation to assure that the limits were kept in mind, but otherwise try to keep your hands off the project.  Not only will your kid feel valued by being trusted and allowed to express some personal taste, they’ll come to understand the real cost of goods, learn to prioritize and make choices they must live with, and begin to learn to budget.  Priceless!
For another great article on teens and decorating try this one by Heidi Tyline King and Mary Wynn Ryan.

Thursday, December 2, 2010

Teaching kids gratitude while clearing the clutter from your home

Want to clear the clutter from your home, teach your kids great habits, and encourage gratitude in your home?  Start this new holiday tradition.



  1. Set a day on the calendar for "making room" and be sure that each person or child you want involved will have time free that day.  This can be a good activity the day after Thanksgiving as a way to reflect on the meaning of gratitude, or chose a day closer to Christmas as the kids are getting more and more excited about the new toys they want.
  2. On the given day, start off by reading "Too Many Toys" by David Shannon.  It's a great way to help kids relate to and understand the idea without any lecturing.
  3. Set a timer.  Adjust the time based on how much you want to declutter.  Older kids and adults can probably handle an hour or two, but with younger kids, limit the time to thirty minutes.  
  4. Set the example by choosing some number of things from your own closet, craftroom, or storage area to give away.
  5. Have the kids choose the things they are ready to give away (you can determine how many items that should be).
  6. Then let the kids celebrate by making up their Christmas wish list.



This should be a time for appreciating gifts from the past, and for learning that generosity returns only to those who are generous.  By making this an annual ritual you will not only keep the clutter down in your home, but also help teach the kids, and reminds yourself, of the importance of generosity and gratitude.




Happy Holidays!