Travel airplane, car, train.

Lodging hotel, motel, campground,

home of friend or relative.

Meals restaurants, picnics,

eating in.

Entertainment theme park tickets,

boat rentals, movies, etc.

Explain how to prioritize and

allocate the money for each expenditure. For example, if it is important

to everyone to save time by flying to the destination, it may be necessary

to stay in less expensive lodging such as a relative's home.

Experience. Give your

children a daily spending allowance so they can learn from their own experiences.

Depending on their ages, give them responsibility for purchases throughout

the day. Younger children can make decisions on which souvenirs to purchase.

For older children, give them the responsibility of purchasing their own

meals, souvenirs and snacks.

Avoid bailing them out if they

run out of money before the end of the day. That is part of the experience.

Also, let the decisions be theirs. If they purchase a toy that falls apart

in an hour, they will learn a valuable lesson.

Keep a spending diary and review

with your children the expenses for each day. Day passes, meals, sodas

and gum can add up to more than even the adults will realize.

Encouragement. Be sure

to acknowledge when your children succeed in their financial management

tasks. When younger children realize they can not purchase the souvenir

they really want and turn to a second choice, praise the effort and tell

them how proud you are of them for staying within their spending limit.

Likewise, let older children

know you value their efforts when they reach the end of the day and have

not run out of money.

You might even set up a savings

incentive plan - if they don't blow the whole allowance, you will reward

them with double what's left for a savings account.

on vacation, adults will give their children a valuable financial learning

experience. Continue to utilize the three Es and be fiscal role models

and your children will become financially literate adults.

Consumer Credit Counseling

Service is a community service agency dedicated to empowering the people

of north Georgia to achieve a lifetime of economic freedom. A United Way

partner, CCCS puts the consumer first by providing free, confidential

budget counseling, community and personal money management education,

debt management programs and comprehensive housing counseling.

CCCS Atlanta has been named

Outstanding Agency for four consecutive years by the National Foundation

for Credit Counseling and is accredited by the Council on Accreditation

of Services for Families and Children. A nonprofit organization, CCCS

is funded by contributions from creditors, clients, foundations, governments,

businesses and individuals. Contact CCCS by phone at 800-330-CCCS (2227)

or visit www.cccsinc.org.