MONEY and YOUR CHILD

MONEY and YOUR CHILD

Ask Daddy and he will get you whatever you want!!!! Mom has lots of money in her purse!! Are these supposed to be discussed with children? Never. Children dont have to know that parents have loads of money or its so easy to earn money.

Buying whatever they ask for is something not to be done. if both parents work and feel they are not spending enough time with their children, there are all possibilities that they feel guilty and buy whatever their children ask for, which might result in stubborn nature in the young ones.

Children these days are watching parents go to ATMs to withdraw money instantly, pay through credit/debit cards easily to buy anything which is forcing an EASY MONEY thought into their minds. They dont want to know how much parents struggle to earn for the family. Parents have to explain to their children that one has to earn a job or a business and work sincerely to earn livelihood and that money is precious. It is a good idea to encourage children to work hard, and if they do something good, appreciating them with small useful gifts encourages them, however, boasting is definitely not good. Children should not get used to praising either.

Encourage them to share everything with you, be their friends too. They should be able to tell you where and how they spent their pocket money. Saving money should be practised at home.

You may be busy and not buy them something as promised, the child should not make a mess out of it. Patience and waiting should be one of their characteristics, learnt well from parents.

Encouraging them to help others is good, however, thinking and planning before helping is a better action learnt. Social service at a young age is an excellent virtue!!

- Prathyusha Talluri