Money Management

I have two daughters whom I have always tried to teach to be frugal. In the grocery store you can usually hear them ask if something is on sale and "do you have a coupon?"

They are given an allowance each week and they have to decide how much will be savings (and we will match that amount), pay for their own ice cream off the ice cream truck (ice cream from the freezer is free), and pay to use the computer or play a video game (we are saving for a new computer).

I find that they think twice before they have to spend their own money, but also have cut down on begging us for things when they are used to having a budget. Now they will put things on a "wish list" for a birthday or Christmas gift.