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Cutting back on expenses? Most families are.

Asking children to share the burden of spending less is a reasonable course of action.

If you've lost your job and cuts need to be made, it's reasonable to explain to children that the family will be making major cutbacks. The key is to reassure them that your family is safe, that you're in control of the family finances and that their basic needs will be met. Luxury items will be put on hold.

Even if no one has lost a job Pau Gasol Spurs Jersey , you can still communicate to your children that your family will be spending less each month, therefore, some of the privileges that they are used to having are being scaled back.

In either case, your child is likely to have questions LaMarcus Aldridge Spurs Jersey , "Will we lose our house?" "Are we poor now?" "Why can't I have these shoes?"

Reassuring your children that their basic needs will be met is important. Pointing out that your family is a team and as a team each person has a contribution she can make on how to spend less money is a great way to approach the issue, too.

When framed in a positive way this is an opportunity to teach your children how to save money and spend wisely which are critical life skills to have. Listed below are 10 practical solutions you can use with your kids.

10 Tips for Teaching Kids to Spend Less:

1) Shop from a list. Before you go into any store, make a list of what you need. Don't stray from your list and don't let your children stray from their list. This is a key strategy for reducing impulse buying. It takes discipline and discipline is essential for reining in spending. When your child asks for an item while you're at a store ask: "Is it on our list?" If not, don't buy it.

2) Do product comparisons. Before you and your children go shopping David Robinson Spurs Jersey , have your child do some research on a product you'll be buying. My children wanted a bean bag chair for their tree house. They made a list of three stores and called each store to inquire about the size, color and cost of the chair. (Before the calls began we wrote a script for them to follow with proper phone etiquette.) Not only did they save money, they also lea. Jordan 1 For Sale Wholesale Jerseys Cheap Jerseys Wholesale Soccer Jerseys Free Shipping Cheap Jerseys From China Cheap NFL Jerseys China Cheap NFL Jerseys China Cheap NFL Jerseys China Wholesale Jerseys Cheap NFL Jerseys Free Shipping