[MUSIC] Coinage, life, well spent. Presented by Geico. Everyone wants a kid to have a happy childhood but, no one wants to raise those spoiled little monsters. Do you ever wonder how much is too much? Here are three tips to avoid spoiling your kids. One, start an allowance system in your home. When you constantly buy for your children it gives them a false illusion that you have an infinite supply of money. An allowance will help your child learn money is earned through work. Two, don't try to keep up with the Joneses. Ask yourself, are you really buying this for your child or are you just trying to keep up with the neighbors. Be ruthlessly realistic with your own numbers. If you see that your child is showing signs of jealousy because they don't have the latest toy but their pals do, tackle it. Try and shift the focus from the material item they don't have, to the non-monetary treasures your family provides, like extra time, love and comfort, Use instances of material jealousy as opportunity to teach your kids about saving money for big purchases Make your younger children do chores. And require that your older children look for a summer job. Chores and summer jobs instil a work ethic and will allow your child to learn some of their first lessons about how to spend and save their own money. Raising kids to be well adjusted adults is tough. But you've got it, moms and dads. [MUSIC] Coinage, life, well spent. Presented by Geico.