If you start now, and train your children the right way when they are young, you will be so happy when they are older and have learned to be self-sufficient. Are your values, such as hard work, incorporated into your family? Children need to learn that money comes with effort, and they have to earn it by working. By showing them your example of hard work and good money management, they too can become homeowners.
When I was a little girl, our daddy had a huge 10-gallon water bottle and he would empty his spare change into it every day. It was such a huge bottle and seemed like it took forever to fill up. We would do odd jobs to earn money and put our quarters, dimes, and nickels in the bottle, too.
When it was full, that is when we really got excited! We got to dump out the bottle on the living room carpet, count up all the money, and spend it on a fun family activity that we selected.
One time, we had enough money for dinner at the local pizza parlor and we played Pac-Man video games all night. Another time, we chose to go to a local amusement park and play mini-golf.
Looking back, I think the best part was watching our money grow in the bottle. It is a great visual lesson for children to teach the value of saving money.
Read more in our book, "Buy Your First Home", http://tinyurl.com/dy2wjx4.
Image courtesy of junpinzon at FreeDigitalPhotos.net
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