How Delayed Gratification Can Help Your Little Ones Succeed in Life!

Let Them Decide

This is a hard one—allowing your children to make decisions with their earned money. This is only half the battle. You must also allow them to experience the consequences of bad financial decisions. No bailouts allowed! If your child wants to spend their money on a silly toy just because they have to have something now, let them, but also teach them that the toy they really wanted can’t be bought until they save for it. This is the only way to help them understand that in life we make choices, and those choices have real consequences.

Self-control is a daily battle, but it can be won, if you are consistent. The key is to recognize early on your child’s natural tendencies. Imagine how different our nation would look today if all of us lived out the principle of delayed gratification.