Peter Andre pleased his kids aren`t spoiled

Updated: Jun 16, 2013, 10:35 AM IST

London: Singer Peter Andre is glad his children aren`t spoiled.

The 40-year-old `Mysterious Girl` hitmaker, who has two children, Junior, seven, and Princess Tiaamii, five, with ex-wife Katie Price, says he works hard to ensure his offspring understand the value of money, reported Contactmusic.

"The important thing is, they`re not brats. They`re very polite and they know where to draw the line. Yes, they can be cheeky, as all kids are, but they`re good children. They know money doesn`t grow on trees," he said.

Andre said he was careless with his own fortune when he hit the big time as a musician, once purchasing himself a lavish car, and he hopes Junior and Tiaamii don`t follow in his footsteps.

"I didn`t save. I was irresponsible. I didn`t care. My dad once said to me, `One day you`re going to learn that you need to respect money and respect what you`ve got.`

I bought a black convertible BMW M3 in Beverly Hills. I remember driving it out of the showroom and feeling on top of the world.

I drove it straight to Radio City and bought the biggest sound system you could buy. I was such a twit! I don`t want Junior to get like that," Andre added.