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In the "Parent Acts" video series, CNN's Kelly Wallace asks parents to role-play

Set and enforce limits, and let kids have some control over their own money, author says

Editor’s Note: Kelly Wallace is CNN’s digital correspondent and editor-at-large covering family, career and life. Read her other columns and follow her reports at CNN Parents and on Twitter @kellywallacetv.

CNN —  

More than 10 years ago, as I headed to one of my final OB/GYN appointments before my first daughter was born, I had a moment.

I saw a young girl – she couldn’t have been older than 12 – walking down the street with a large Pucci shopping bag, talking so rudely to her mother.

I cringed and thought, “What a spoiled brat,” and told myself I would do everything to make sure that I did not raise spoiled children.

Fast-forward 10 years, and there is very little chance that my sports-loving, T-shirt-wearing girls will ever be caught dead shopping in Pucci, so I don’t have to worry about that. Still, my children have so much more than I ever had when I was their age, and I admit I sometimes break down when they want something and plead over and over again, “Ple