It’s not necessarily about depriving your kids of toys, but getting them to be thoughtful about why they want something.
You turn your time into money. don’t let “excess” money turn into things without careful deliberation. turn it into your time, your only non-renewable resource.
It’s been a long time since I was a kid, and to connect with our kids on topics such as money, we need to be able to think like them.
Being smart is not enough. handling money well is a game, and you have to learn the rules.
Talk about it openly and remove the stigma. be open about major financial decisions and the family budget. (keep it age-appropriate).