By Elizabeth Sheer, Cheapism.com
"Use it up, wear it out, make it do, or do without" was, at one time, the modus operandi of many families in America. Since then, we've become a consumer-oriented, throw-away society that is prompting some pushback. In the face of rampant consumerism, how can we teach our kids to save?
Be a Role Model. Imparting thriftiness, says Dr. Adrienne Gans, a clinical psychologist in New York City, involves setting an example. "It means self-control and self-regulation as opposed to immediate gratification," she explains. "Learning to be frugal entails absorbing the internal qualities rather than the outward behaviors."
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Case in point: As a child, Lilly Slaydon longed for an American Girl doll, which her parents could not afford. The Los Angeles resident says she saved her allowance and birthday and holiday money and performed assorted chores for close to two years until accumulating