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Thrift plays bigger role in raising today's kids

January 5, 2010

Andrea Gordon

FAMILY ISSUES REPORTER

We hovered over the kids like helicopters, honed our text-messaging, blogging and Facebook skills to communicate with and about them, and turned our attention to going green.

For the first decade of the millennium, those were three common parenting behaviours. As we head into the next, attitudes and priorities are shifting. And for many, the operative word is thrift, thanks to the lingering effects of the economic meltdown.

"Frugal is cool," a U.S. financial expert announced last year. That was seconded by Toronto parenting expert Jennifer Kolari, who added "There's a lot less stigma around saying, `No, we can't afford that.'-"

Today's moms and dads want to instill money smarts, teaching kids the virtues of saving a chunk of birthday money or part-time job earnings. Bubble piggy banks that separate money into compartments for spending, saving and donating are all the rage. Financial planners advise us to use the family budget as a teaching tool.

Second-hand gear and hand-me-downs are fashionable, partly for cost saving, partly because reusing previously loved items is eco-friendly.

Instead of spending money, many families are spending time together in affordable ways; board games, nature hikes and other outdoor activities that get the kids physically active are in. (Because another trend of the past decade has been sedentary, increasingly obese offspring.) "Staycations" (when time off is spent close to home) are common.

The families who do travel are more likely to stay in tents or low-budget motels than fancy resorts.

There are also signs that when it comes to child rearing, the herd mentality is also on the outs. Parents like to think they have minds of their own. But even if you don't want to follow the trends, who can resist reading up on and appraising the latest?

For more on the top trends we predict for 2010 and those we think (or at least hope) are on the wane, click here.

Five more parenting predictions for 2010

What's good about "bad parenting"

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