works and learn that everything they have ( including food and electricity ) comes with a price tag that you have to plan for in advance .
And if you and your spouse don ’ t currently have a regular budget meeting where you make time to plan out where every dollar of your income is going each month , there ’ s no shame here — it ’ s never too late to start ! Budgeting really is the best way to take control of your money .
I hope these tips help you set your kids up for long-term success with money . You ’ ve got this !
Rachel Cruze is a two-time # 1 national best-selling author , financial expert and host of The Rachel Cruze Show . She has appeared on Good Morning America , TODAY Show and Live ! With Kelly & Ryan , among others . Since 2010 , Rachel has served at Ramsey Solutions , where she teaches people to avoid debt , save money , budget and how to win with money at any stage in life . Follow Rachel on Twitter , Instagram , Facebook and YouTube or online at rachelcruze . com .
5 . LET THEM MAKE MISTAKES
Kids are kids , and that means they ’ re going to make mistakes . And sometimes , you just have to let them so they can learn from it . I ’ ll never forget the time I went to a theme park with my family when I was young and spent all my own money on one carnival game that I kept playing over and over , hoping to win ( I lost every time ). I begged my dad for more money so I could keep playing , but he kindly and firmly said , “ Rachel , when the money ’ s gone , it ’ s gone .”
I didn ’ t love it at the time , but that taught me an important lesson about how things work in the real world . Your kids might make similar mistakes with money , but when you let them experience the consequences — within reason — they ’ ll learn and grow a lot more than if you fix everything for them .
You Are Invited !
What : ALABAMA CHOIR SCHOOL ’ S SPRING CONCERT
Who : Three different groups , the Concert , Ambassador , and Chamber Choirs , including singers from grades 1 through 12 will be singing works from composers all the way from Adriano Banchieri , John Rutter , and Eric Whitacre , through One Republic !
When : MAY 13TH , 2022 AT 7:00 PM
Where : THE UA SCHOOL OF MUSIC ’ S MOODY CONCERT HALL
Come hear these wonderful young musicians sing ( and even dance !). Reserved tickets may be purchased at acstickets . ludus . com www . kidslifemagazine . com
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