Raising Frugal Teens

If there is something your teen really wants, teach him that finding deals can be fun, Rabbi Shmuley says. Be sure he uses his allowance to save up for it, and teach him to look for sales, even online. "Show your kids that when they do want to make a purchase, that they should take time to research the best product and compare prices," he says. "This will help them become smarter, more prudent spenders later on."