46%
of parents go into debt buying something their kids want (according to
Reuters/ChrisTaylor/04.18.16). Is this
really best for you OR your kids?
Children who get everything they want may become adults who can't make good
choices with their money. These kids may
discover late in life that they are buried in debt and have no money for retirement
or their own kids' education. Start
saying "no" now. Give them an
allowance and make them choose how to spend money. If they need more, they can get a job and
learn to earn what they want. That's a
lesson best learned early.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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