Jun 092009
 

With summer just around the corner, many parents are starting to think about vacation activities that will keep their kids entertained and safe… while improving skills in at least one area of their lives. 

If you are the parent of a young entrepreneur, you are probably watching your child count down the days until the end of the school year so that there is more time to devote to updating neighbors’ computers, helping with Mom or Dad’s home business or marketing their own special brand of pet-care services! 

Even if most of your plan for the summer involves everyone staying close to home, it is not unheard of for even the youngest student to contribute a little more time to the good of the household.  In fact, the process can be great learning for the whole family. 

I am a fan of a ‘blended’ approach to family chores: there are the things that we all do to keep the household running smoothly simply because we live here and care for one another.  Then, especially during the summer months, there are jobs that can be done for money.  One approach is to identify work that you might pay someone else to do and offer that opportunity to your kids first.  Let’s use ‘keeping the family car clean’ as an example. 

Making an agreement about this can provide ‘teachable moments’ in several areas.  It opens the door for discussion about:

  • what you normally spend for car care services,
  • negotiating the car-cleaning schedule,
  • the timeline and quality you expect
  • and, of course, how much you are willing to pay! 

 

Summertime is a great time for the real world lessons that will give your kids a leg up on the skills they need to succeed later in life!

Apr 292009
 

 

With more and more families finding it difficult to make ends meet there has been a lot of media attention given to parental struggles — but there is particular angle that has caught my eye.

Despite drastic changes in their finances, there are parents who  struggle to set economic limits on previously over-indulged children. And, although dramatic changes at work force the conversations these parents still feel guilty.

Clearly, it can be difficult to say “no” to someone we love – every parent wants to be able to give their children the best. However, like any difficult situation, this one contains the potential for some very, very valuable lessons. That’s right: there may be some long-term benefits to changing your child’s short-term economic expectations.

First of all, your kids have an opportunity to decide what things they want enough to earn them. Yes – work for them. What is it that they really, really want???? It might be a bike or concert tickets or a piece of sports equipment or a new outfit.

Once that decision has been made, they get to do research. What does this “special thing” cost? Where is it available? Is it ever on sale? Can they find it used at a second hand store or on e-Bay?

They get to be creative. How much money do they have? How much do they need? How long will it take them to save? Are there odd jobs they can do? Yard sales they can organize? They get to be proactive…. to solve problems….

Let’s see…. deciding what they want, setting a big goal, learning what needs to happen to reach it and working to reach that goal…

I think that these are all gifts that will last much, much longer than a new laptop, how about you?

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