5 ways to spend too much money on your kids

Published: Thursday, May 10 2012 12:33 p.m. MDT

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Michael Brandy, Deseret News
Brands and advertising have a strong influence on kids. The food industry spends more than $10 billion a year on advertising towards children, according to a 2004 study from the Institute of Medicine of the National Academies.

"The $1.50 yogurt versus the $4 yogurt isn't the biggest problem. The problem is you've set that pattern, and then when it's middle school, your kid only wants $75 T-shirts," Chicago-based CFP Leisa Brown Aiken told Fox Business.
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Caprice
PROVIDENCE, UT

This is one of the most needed articles of our time--very timely indeed! The list of 5 ways to spend too much money on our kids was right on. In fact, it was disgustingly correct. Exceptionally well-written article. Thank you for a good, much needed slap in the face.

Millie Bess
,

This article should be posted on every parent's refrigerator! What happened to the time when people worked to earn enough money to go to college, and the parents only helped out if there was an emergency? And the cost of a wedding is so out of control that it is a crime! Young people today can't possibly figure out how to be resourceful and learn to stretch a dollar because they are never expected to.

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