Teaching Your Children
It's important to teach children to be independent with their money and make their own mistakes but by watching what your children are spending their money on, you can steer them in the right direction.
If they are spending a lot on fast food and other "junk", talk to them and show them how they could have had "the latest cool stuff", for the same amount that they have been wasting.
It will open their eyes. Look at their bank statements with them and show them in black and white.