Cash, Kids, and Character: 5 Problems to Solve + Video

By Jean Tracy, MSS

What problems do children, cash, and character have in common? Keep reading to learn 5 difficulties to dodge and 3 solutions to choose when giving your kids money.

When Giving Too Much Collides with Character

5 Signs When Kids Become Takers:

  1. They whine when things are hard, like schoolwork, chores, or sports.
  2. They expect rewards without trying to do their best.
  3. They miss out on facing challenges and the joy of success.
  4. They learn to be lazy, ungrateful, and selfish.
  5. They grow up in a fantasy world thinking others should give them what they want.

3 Ways Parents Can Raise Expectations not Money

  1. Expect your children to earn money and privileges through chores, good grades, and respectful behavior.
  2. At dinner or bedtime ask them, "How did you make your world a better place today?" It will encourage them to be givers, not takers.
  3. Praise them for their specific acts of kindness to family members to promote mutual love, respect, and cooperation.

Summary: Building Character with Expectations Not with Money:

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Chore Chart Kit

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Quit telling yourself, "It's easier if I do it myself."