Small mistakes now are a good thing. Let your kids make some mistakes. You want them to learn that it鈥檚 OK that they can鈥檛 buy the latest game when it comes out; it鈥檚 OK that they have to save awhile to get the money to buy it. It鈥檚 better that they make mistakes with their $5 allowance than later in life. Making mistakes now gives them the opportunity to learn life lessons when there鈥檚 really nothing to lose. If they don鈥檛 learn these skills at an early age, then it could affect their ability to manage credit, buy a car, or live where they want to. If they go blow it all on candy next month, they鈥檒l learn from that lesson and won鈥檛 go spend it all the next time. Small mistakes now can equal big rewards later.
Andrew Burton/Reuters/File
