13. Giving Their Children Fancy Toys
Like most parents, you want to give your children everything they ask for. Of course, you don’t do this because you also want to raise children that understand the value of a dollar, how to save, and realize they don’t need whatever they want. However, it’s hard when all their friends have phones, laptops, and Xboxes.
While it is nice to treat your kids every now and then, giving in every time they want an expensive new toy, game, or device will run your finances dry. Plus, children will only focus on most of these items for a few weeks or months, and then they sit there collecting dust. The best option is to keep their fancy devices and toys to a minimum and wait until a special occasion, such as Christmas, to give it to them. The wait will be worth it.