Saying No to Your Kids

Follow these four tips so you don't cave in to your children's every request.

Recently, my husband and I were reminiscing with two of our adult children about a family vacation we took to Las Vegas and the Grand Canyon when they were kids. All of us chuckled about how the kids thought Las Vegas was a big Disneyland for grownups. “Remember how you rode the roller coaster at New York, New York, the hotel where we stayed?” I said. “No, we didn’t,” they promptly responded. “You and Dad said no because it cost $15 and you said that was too expensive.”

I admit that I had a sudden pang of regret. Had I deprived my kids of some fun because I was too cheap to pay for it? “Nah,” they said. “We really didn’t want to ride the roller coaster that much anyway. And we went on plenty of better coasters.”

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Janet Bodnar
Contributor

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.