"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
- Barbara Coloroso
About this Quote
This quote by Barbara Coloroso speaks to the importance of mentor children the value of conserving. She recommends that if children are provided whatever they need, they will not have the motivation to conserve. Therefore, it is the obligation of parents to supply their kids with the necessities, while likewise teaching them the importance of conserving for the important things they want. This can be done by enabling kids to conserve their cash for special gifts, or by supplying them with the opportunity to generate income through chores or other activities. By teaching children the value of saving, they will be much better geared up to make sensible financial choices in the future.
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