Parents would do anything for their kids, but there’s one thing they shouldn’t do: go into debt! Nearly half of parents in a recent survey admitted they are spending beyond their means to give their kids the newest clothes, shoes and gadgets and enroll them in extra activities.
Financial professional Sean Clark talked with FOX 43 | WPMT and shared tips for parents before they pay the price of a perfect life!
1. Don’t Just Say “No”
2. Continue the Conversation
3. Pay for Chores
4. Start Saving
5. Lead By Example
Click here for a budget worksheet to get you started