The way we raise kids especially with money will greatly affect their mentality about life and money in general. Growing up I was spoilt silly with money by my dad, although he wasn’t there, he would always give me money, I saved a lot back then because I did not have anything to do with money, but when I left the house and started mingling with people, my friends were more than ready to help me spend my money since I did not know what to do with it. I did not know what to use the money I had for because I was not taught how to spend money which should have been one of the vital lessons I should have learned as a child. I was given money without being taught how to be responsible with money. I guess my parents did not really know that it is one thing to give money to a child, and it is another thing to control what they do with the money you give them.
I believe in giving kids allowances, but mostly I believe in teaching them to be responsible about how they spend their money. I understand that life will not always be rosy, things will not always be good, and if they do not know how to be responsible during the good times, they will find it difficult to be responsible during the difficult times. The reason we have a lot of spoiled kids who just want to spend and spend is because when they were much younger, the only thing their parents did was buy a lot of things for them, and made them feel they can have everything money can buy. For a lot of parents, all they want to do is make sure their kids do not suffer the things they suffered growing up, they want to make sure they give their kids the best of everything which sometimes can be bad for the child especially when all they do is give allowance without paying proper attention to the emotional need of the child. This is very common especially among busy parents.
In my opinion, kids should be trained to work for what they get (the allowances) from a very young age. If you tell them so long they complete their house chores, do their homework and do well in school, it will reflect on what they get at the end of the month. They will do everything then to make sure they keep up. This will make them understand that there is reward in hardwork, and maybe slowly if you have a company as a parent you can give them little things to do and even if you do not have a company, they could help with little official things like helping draft mails, and helping arrange official files just to keep them busy and help them feel like they are doing mature things and also working to get paid. This would not work for every child though, and it does not always work for every parent too as everybody has their own specification.
THIS IS MY RESPONSE TO HIVE LEARNER'S
PROMPT FOR WEEK 216 EPISODE 2
