Raising Frugal Teens
Happy family by water
When teaching your teens how to be more frugal, you can't take something away without providing an alternative, says Oprah Radio host Rabbi Shmuley Boteach. "If you plan to cut back on things, help your kids fill their lives with things that are better," he says. "Work hard to give kids fun and interesting activities that the whole family can do together." Rabbi Shmuley shares advice and suggests activities that will help your teens save money.
Three teenage girls watching movies
Work on making your home a social center for your children and their friends. "Rather than spending $20 each at the movies, have your teens invite their friends over for a big movie night," Rabbi Shmuley says. This will save money not just for your family, but the other parents as well, and they'll thank you for it, he says.
Three people hiking
Plan cost-effective vacation options for teens. Rather than an expensive trip to a distant theme park, try a weekend of camping and hiking at one of America's amazing national or state parks, Rabbi Shmuley says. Get your teens to plan ahead for these money-saving adventures with their friends.
Girl driving car
Teach your children they don't need every new gadget. If they don't have the latest music player, a flat-screen TV, or if they drive a used car, that's okay, he says. "Show your kids how much these more frugal choices can add up," Rabbi Shmuley says. "The price of your teen driving a used car is dramatically less than leasing them a new car, and that helps the family budget—even if it doesn't look as nice."
Hands typing on computer
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."
Teenage girls sharing clothes
Clothes are a huge part of any teenager's spending—especially when they grow 4 inches in a year, Rabbi Shmuley says. Receiving hand-me-downs from older siblings is an easy way to save money. "Encourage your older kids to buy more classic, high-quality clothes that their brothers or sisters can wear in a year or two," he says.

Vintage shopping and secondhand stores also are fun places for teenagers to shop. Take your girls to a great secondhand store to find unique pieces, he says. "These are often better quality and cost less than the brand new equivalent," he says. If your teen wants to purchase sporting equipment, a used sporting goods stores will help them save extra cash.
Girl meditating
Help your teens become more spiritual. "Teach your kids to be less material and focus on the bigger picture of life," Rabbi Shmuley says. "Whether it's visiting a place of worship, regularly doing yoga or meditating or volunteering for a worthy cause, teens should make time to reflect on what is really important," he says. "If they do this regularly, it may help them become more focused on the important things in life and less on 'things' they think they need to acquire."

Ask yourself these questions to make sure you're sending children the right messages about money.