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5 Mistakes Parents Make That Will Make Their Children Grow Up Poor: Expert Opinion
12.08.2023 10:00
It is known that the ability to handle money is formed in the family.
Therefore, it is important for parents to understand that sometimes it is their parenting methods that can form the wrong attitude towards finances.
What shortcomings should parents be aware of?
Talking about money is not for a child
There is no need to "protect" children from conversations about finances: on the contrary, it will be useful for them to at least simply listen to them. A child does not understand the essence of money for a long time.
Children do not understand where their parents get their finances from and why they cannot spend all their money on sweets and toys. Therefore, engaging in conversations on financial topics will definitely be useful.
Lack of financial education
Some parents believe that financial literacy comes naturally at the right time. However, this is not the case.
If you don’t teach a child, he will make many mistakes from his own experience, experts note.
Lack of pocket money
Even if you yourself are limited in finances, it is still necessary to allocate pocket money for your child. This will help him learn from his own experience how to plan, save and set priorities.
This experience is very important and valuable.
There is no worthy example
The personal example method works well: if you earn enough and know how to spend money wisely, then your child should participate in this.
A positive example is stored in memory much better than other methods.
Wrong attitude towards money on the part of parents
Some adults themselves lay the wrong model for a child's relationship with finances. Some say out loud that money is "evil" and that's why good people live poorly. Of course, this is not true, but the child doesn't know about it.
