Parents always want to provide the best for their children. They want them to grow up responsible and happy individuals who can look back on their childhood with so much fondness.
Parents don't want their children be teased by their peers for wearing cheap clothes. But in their quest to give their children the best life, they send them a wrong message about- MONEY.
Here's a list of mistakes parents commit and how they should avoid them.
Your kids should have what others have.
It's not because all his classmates in schools have Wii in their house, your should get one for him.
Solution: Ask yourselves these questions: Why do I have to buy this for my kid? Will this help him get good grades in school? Will this help develop his skill that he need as a person?Buying something for your kids because you don't want your Ex-husband/boyfriend buy it for them.
hat if your ex has more money than you do? You can't actually change your ex. If he's the type who wants to be the better provider , don't compete with him for that role. I know it hurts when you hear your teen girl say. “ I'm going to Dad''s because he'll buy me the nice top I saw in the mall last week.
Solution: You should be able to to make your child understand that just because you are less affluent than her Dad, it doesn't mean you love her less.Buying stuff for your kid without letting your husband know.
We can sometimes be secretive about money. But this will only put your kid in a position of conspiring with you thus he will perceive that deception is okay. This could also lead you into trouble when your husband asks you “Where did the money go?”
Solution: Always tell your spouse whenever you buy things for your kids.
Not monitoring what your kids spend their money on.
You may think this is an invasion of your kid's privacy. But is it not important that as a parent you should know how they spend their money so you'll know what they value?
Solution: You don't have to require them to give you a detailed accounting of their expenses. Just use your good common sense in order for you to have an idea of their spending habits. With this, you will be able to sense problems and be able to correct them the earliest possible time. Pay attention if your children are spending more money than they should.
