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How to Say No to Kids' Extracurriculars Draining Your Wallet

"We can't have everything we want when we want it. If children don't learn the virtue of patience at an early age, a parent could find themselves in a very difficult situation when that child is older and it comes time to say 'no' to a big-ticket item they are wanting," she explains.

No matter your child's age or the budget you're working with, Boyd-Soisson says that there's always a deeper message to be heard when it comes to spending money.

"It's a good lesson to learn that things that don't cost a lot of money can be the most enjoyable -- such as spending time with family."

-- Written by Kathryn Tuggle for MainStreet

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