Curb your desire to buy all the toys your child wants to have. It will do him good to learn to save for them first. Have a child who drags you to Timezone every single time you take a trip to the mall? Cut a deal with him and tell him you can only go when he has saved enough money from his allowance already.
For older kids, wanting to go to the mall to watch movies or hang out in a coffee shop is normal. But the cost of movie tickets and cups of coffee can add up real fast. Your child will figure this out soon enough if he has to spend for these himself.
ABOUT THE AUTHOR: Janice Lim
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