Wednesday, December 22, 2010

Parents can avoid holiday hassles with kids spending their own money for gifts

(From the CBC website)

There was a look of utter shock on 11-year-old Mia's face when she was told she would have to open her piggy bank for Christmas shopping.

"Really? Do I have to?" she asked wide-eyed and unbelieving.

Her eight-year-old brother Ben was given the news that he would have to do chores to earn his gift money after having his allowance taken away due to his potty mouth.

He said, "OK," figuring he would run roughshod with the Swiffer a few times over the hardwood floors.

Giving kids the money to go out gift shopping is an easier solution than negotiating or battling over money, but experts say it doesn't have any lasting value.

Read the full story here.

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