We live in an age where parents want to give more to their children than their parents did. This phenomenon has been going on for generations, and now we have children that simply have to ask for something and they get it. We are teaching our children that all they need to do to get what they want is just ask. I want a new nerf gun, I want a new iPad, I want a new Lego set, I want a new doll, I want a car, I want..... Is your response to this; "of course, here you go." OR do you talk to them about the cost of things, teach them to save for things, be patient in order to get some of the things they want especially the more expensive items? Do your children have an allowance? If they do, do they spend it all at once? Do they want to go to the Dollar Store, and spend it even though they want something that is more expensive? Do you give them guidance on their spending, and let them know that they can have the small items from Dollar Store OR they can save their allowance and get the latest Star Wars Lego set?
Topics: Money, budget, Expenses, parenting, raising successful adults, adulthood, family, education, organizing kids, discipline, thoughtful, Awareness, Teaching, appreciation, responsibilities, Children and money, Savings
In my lifetime I've seen so much change in the way money is viewed by children, as well as competition shared within adult and child minds. I don't think the changes have been healthy for our children. I'm actually not sure myself about healthy attitudes about money; but I do think the example of parents in how they treat money, and competition is what will have the most impact on your children.