Time to Unspoil Your Kids

Fourteen-year-old Dalyn Fountain has all the trappings of today's teens: her own cellphone, an iPod, a new laptop, and cable television in her bedroom. Until recently she also had a ready line of credit from the Bank of Mom & Dad - no payback necessary.

'We'd regularly give her money to go to the mall and keep up with the latest trends at Abercrombie and Aeropostale,' confesses her mom, Donna Kornegay, 41, a director of wellness at a law school in Durham, N.C.

But with the country in a recession, Donna and her husband (Dalyn's stepfather), Dexter, 36, feel an urgency to change Dalyn's spendthrift ways - and, frankly, their own as well. 'We've been extravagant with our kids and with ourselves,' says Donna. 'Now we're readjusting.'" Read the entire article.