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If your child wants a gift, but does not want to wait until their birthday or a holiday, let them do extra chores to work for it.
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Window shopping trips vs. purchasing trips
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Teach negotiation skills
Also, teach them how to find in-depth information on any task or project they take up to successfully deal with expensive things since they can negotiate better and see if they are getting honest service. You can take practical examples for such lessons; for instance, since your children may get a car in their teenage, you can start with teaching them basics of car functioning, repairs, and maintenance requirements. You can train them to change a flat tire, engine oil, spark plug, car battery, headlights, etc. Moreover, if your kid is a car fanatic, you can ask them to do research on facilities like auto detailing, Ceramic Coating Newcastle, and other modifing options to learn about basic expenses, different service providers, etc. In this way, they can prepare to find resources and solutions that may benefit them later in life.
Rather than simply answering that you will or will not raise their allowance, ask them why they think they should be given more. If they can make compelling arguments for it, it may be worth considering giving them a raise – and if they can’t, then they probably do not really need the extra money anyway.
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Host a Yard Sale and Help Your Children Manage It
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Let them make mistakes