Barbara Coloroso Quotes

One should, I think, always give children money, for they will spend it for themselves far more profitably than we can ever spend it for them.

Never allow a child to spend all of his allowance. Insist that he set aside a certain amount of money every week and put it in a safe place, where you can get it if you need to buy beer.

My mom gives me an allowance. She keeps me pretty tight-reined.

There was no way we'd ever get spoiled. Daddy made sure to instill in us a work ethic.

Young children need to develop good habits that will be useful to them the rest of their lives. It is important to keep the lessons age-appropriate. For example, when your children start earning allowances, that would be a good time to teach them how to put some money in the bank instead of spending it all.

Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it.

Children are rarely in the position to lend one a truly interesting sum of money. There are, however, exceptions, and such children are an excellent addition to any party.

By giving kids an allowance, you teach that child to work for money rather than learn to create money.

There are some parents who have really done it right and told their kid, 'You know, we have this dough, none of this is for you. You have to get your own.'

I'm a big advocate of a work-for-pay setup rather than an allowance that isn't attached to chores - it's a great way to impart the value of money to your children.

When I turned fifteen, I remember my father gave me a credit card which I was allowed to use for two things: emergencies and books.

Show your kids that needs and wants are two different things. The best way to teach our kids to be smart consumers - and savvy savers - is to model good behavior for them.

I believe entertainers should know what's going on and do their own banking.

In the past, I never gave money to my children when they were young in return for nothing. When one of them approached me to give them cash, I asked them to do some work in exchange for it.

You know for years, I've heard financial experts stress the importance of teaching your kids about money, but it wasn't until I saw my own son's perspective change that I became a true believer.

My parents opened a bank account for me when I was really little, and I think I paid for some of my university education with my savings. I've always been a bit of a saver.

I think there are moral obligations, and I think there are economic transactions. So I think that chores are good; I think that allowances are good. I think combining them is bad.

When we talk about kids earning commission for chores, we always have at least one parent who argues that children should do chores because they are part of the family. I agree, but if you don't involve money in a few chores, you lose the teachable moments in the work, spend, save, and give principles.

My parents felt I should earn my money because I would then value it. So they would pay me a shilling or two to do jobs such as washing the car, cleaning and washing up.

We were spoiled in many ways, but we were always taught to understand the value of the dollar. If there was something we wanted, we had to earn it. Even in college, we were very fiscally responsible. I had 300 bucks a month; anything I wanted beyond that, I had to work for.

When there's so much freedom - financially and otherwise - smart kids get themselves into trouble. My parents did a good job of sheltering me from the negative aspects of wealth and success.

When you're further along in your career, you probably have more money and more means; you have to stop yourself from giving your child too much. Whereas, if you're in twenties, you might just get by.

Children do not really need money. After all, they don't have to pay rent or send mailgrams.

My son did not show signs of a money deficiency until he opened his small fist in the nursery and found it was empty.

We teach children to save their money. As an attempt to counteract thoughtless and selfish expenditure, that has value. But it is not positive; it does not lead the child into the safe and useful avenues of self-expression or self-expenditure. To teach a child to invest and use is better than to teach him to save.