Are You Teaching Your Kids To Be Frugal?

Are you teaching your kids to be frugal? 

We have 4 kids, 3 are grown and out on their own, and 1 left at home – Bear, who is 16. The oldest is our daughter and she can coupon shop better than I can when she wants to! 

When I was in bed after surgery a few years ago, she wanted to buy Halloween costumes for her kids, but she didn’t have any money.  I told her there was a Glade Candle deal at Target with $5 gift cards attached. 

Are You Teaching Your Kids To Be Frugal?

I told her I would give her $5; the rest was up to her.  She came back with a TON of Glade Candles and 2 Halloween costumes and several $5 gift cards to boot!

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The 2 next youngest are boys, and they would rather be caught dead than use a coupon!  lol  But, when they want a better deal on something, they call me.

Now, on to Bear. 

He recently got his first job.  He is now gainfully employed by McDonald’s.  We opened a bank account for him, and he deposited his first check and got the debit card, and headed to Best Buy for some headphones a friend had recommended to him and an sd card.

When he got there, he found that the friend had grossly understated the cost of the headphones – the friend said they were $20… they were $99.99! 

The SD card was more than he wanted to pay, as well, it was $59.99. He then checked the price on Amazon (in the store from his phone), and both were considerably cheaper. 

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He was able to price-match his purchases, and he saved $61.82!! We took pics of his first debit purchase and, coincidentally, his first price match!

Pass your money-saving skills on to your kids! 

They are watching. Help them understand and spend their money wisely, too!