Teach your child to spend money wisely.
給孩子上一堂理財課 -
"Parents want kids to have everything they want, but if they're not teaching limit-setting, it's doing them a terrible disservice," says money coach Olivia Mellan.
Financial literacy expert Susan Beacham says parents have to lead by example. If they buy gifts for their kids that stretch their own budgets, they're only hurting their families when the bills cause financial hardship and stress in January.
Money is an abstract concept for young people, which can contribute to an "I want it all " approach to holidays. Studies have shown their brains don't develop enough to deal with such concepts until they're in their early 20s, says Beacham, who owns financial education company Money Savvy Generation.
Mellan, a psychotherapist and author, recommends giving children allowances "as soon as they are old enough to make change." Beacham sells a piggy bank with sections for each.That money should be divided into "spending, saving, investing and charitable giving." she says. It may not look as good under the tree, but cash is a great gift, couple with a set of allowance money, your kids could get gifts with other dreams or may reconsider. Children need to realized the cost that associate with phone streams for example.
The cost of smart phone average cost at $50 to $300 with carrier's contracts, that doesn't include monthly bills, replace cost or insurance. There is not shortage of options if you face the budget-busting wish listing from one or more children. If $100 Leapad explore kids tablet is too pricey, the expert suggested $20 Disney Appmats (download the Apps) for kids who allow to share family tablets. LEGO sets and bobby dolls were two of the most search toys in the last past two weeks. Those reasonable price and the more traditional toys popularity show how much of the role parents have that influencing toy that children interested.
An expert recommends affordable priced collectible toys, such as the new DaGeDar balls that have different "personalities" and can be raced or used in play battle. They're good options for families trying to keep spending in check: "Kids can save their own money to build on their collection," she says. Other ways to set limits this season: Get children of all ages involved in setting a holiday budget and deciding what gifts to give those outside the family, including grandparents.
Beacham suggest coming up with "homespun" gifts that don't cost anything but are far more meaningful, such as biweekly calls or a letter as a present to grandparents. She has told her two daughters each year since they were in high school that all she wants is a letter from both of them at Christmas. And she gets and cherishes them. Financial lessons for kids at the holidays don't have to spoil the spirit. "Scale it back and define good boundaries," says Beacham. "This is going to sound so cold for so many people, but the whole tone of the house in January is going to be different."
Vocabulary Tips:
abstract - existing, more than just idea or feeling but you can reach it or grape it. 抽象的
concrete - opposite of abstract, is solid and existing. 具体的，重音在后面。
concept - idea.
approach - the way you think of something.
contribute - give or dispensing.
savvy - particular knowledge in some area. 理解，见识，悟性，知道，了解。
couple (n)- a pair, two. 一双，一对。
couple (v)- combine.结合，加上，和。。什么。用"with"
couple with - come together, combine with (something). 结合，加上，，
utility - provide you constantly than you need to pay, such as gas, electricity, water.
shortage - lack of something.短缺，不足，缺乏。
short - not enough. not long. 短。短少。
collectible - something is worth to get it and kept it for a long time, it may have value in future.
in check - limited, watch or keep eyes on it do not let it go over. 约束，抑制，制止。
*Richard tried to keep his anger in check but failed.
Keep something in check.-
*The vaccine successfully kept the spread of the disease in check.
homespun - something simple and common, not pricey, not expensive, come from your home or you made it, you spend time involved.
pricey - expensive, not cheap.
affordably - affordable.-买得起的，有能力买的。
affordably-priced.
*These affordably-priced mp3s are very popular among teenagers.
scale something back -缩减某件事情的范围，程度，等级，或规模。
scale- boundary. size, amount. 事情的范围，规模，
scale it back - reduce something in amount. less the amount.
*We have to scale our expenses back to be able to pay all the bills.缩减开支。。
*Molly decided to scale back her calorie intake to lose weight.减少摄取量。
riots -暴动
Chat Room:
bust -毁坏，破坏，打坏一样东西。打破。
busting the budget -break the budget, break the money plan. 打破预算，即把预算都花光了。
budget-busting wish list -超支的，让你破产的梦想礼品单。
bust -caught, stop by police.被警察逮到，叫下车或停车开罚单。
I got bust for speed.- I was bust by policeman due to speedy driving.
speed - speedy. drive too fast over the city limit.超速。
Policeman bust criminal.
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allowance -零用钱。
allowance after age 13
allowance -容许，容许的量。
baggage allowance.-行李重量的限额。
***allowance should not related to chore, chore is kids contribute something to their family.
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.....Those outside the family including grandparents.
grandparents are outside the family.
outside the family = extended family.
nuclear family -社会学所谓的‘核心家庭“
the nuclear family - 核心家庭。
nuclear family/ extended family -核心家庭/ 旁系家庭。
immediate family =nuclear family.直系家庭 ，核心家庭。
extended family - family members who are not living together everyday under the same roof, such as uncle, aunt, nice...etc include grandparents.
the nuclear family -only you, your spouse and your children.
More information:
1. Encouraging kids saving, giving them bonus if they reach certain amount...
2. Teach them investing.
3. Help them plan a long term goal.
4. Show them spend money wisely and set budget.
5. Remind them be patient.
6. As a parent not just teach them, set a good example for kids.
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