Do you know that teaching your children the value of money, has lots to with your marital happiness?
I am sure you would not agree with me.
You always assumed that happiness in your married life was inevitably dependent on your relationship with your spouse, didn’t you?
You are right.
You need excellent compatibility with your spouse to feel happy and content in your relationship. But, your children also have a final say in your marital contentment.
It is a blunt fact that after your children are born; your relationship bliss is not between you and your spouse alone.
Your children play a definite role in the way you are going to enjoy your marriage. And teaching them the value of money also plays a crucial role.
Are you wondering as to how teaching your children the value of money contribute to your relationship?
Here are the reasons!
In any marriage, couples never see eye to eye regarding money matters. While one is a money saver, the other is a spender.
I am sure you too experience this diversity about money in your relationship. And it is a fact, that you resent the attitude of your spouse towards money dealings, which is in exact contrast to yours.
And when your children are born, this diversity intensifies as both have a different view in spending for your children.
So, it is utmost important that both do not confuse your children by either spending too much on them, or being too tight-fisted in making their childish wishes a pipe dream.
Your children should enjoy the delight of childhood, as well be prepared to meet the world at its harshest. A child brought up without knowing the value of money, will be taken off guard when he knows that money is not an easy commodity as he thought it to be.
Yes!
It is a harsh fact that today’s young children grow up without knowing the value of money.
The result?
Your children become incapable of handling their hard-earned money when they start earning for themselves. They are all at seas not knowing why money is so hard to get.
Who is the reason behind their lack of knowledge about money management?
It is sadly, you.
Do you know you spoil your children by buying them costly things which is unnecessary for their young age?
You think that your foremost parental duty is to give the best to your children.
- You buy your young children high-end mobiles.
- They own swanky cars at a young age.
- You buy your children powerful bikes.
- You give them lots of money to have fun with their friends.
- Your children are given money to dine in costly restaurants.
The luxuries your children enjoy at their young age is alarming.
What is the result of your uncalled for pampering?
Your children grow up as arrogant brats. Your children think they are way above other people.
When you pamper your children with costly things at their young age, it makes them grow up thinking that money is easy to come by. But when they face their life alone, they are taken aback when they find money is hard to come.
The reason for the ignorance of your children in understanding money is your grave parental mistake, isn’t it?
Why do you, as a modern parent pamper your children so much?
Since you are working, you are too busy to spend quality time with your children. Naturally, you feel guilty. So, you relieve your guilt by buying your children whatever they ask for.
You also want to show off your enviable social status, by gifting your children the best the world market has to offer.
“We are going to buy a high-end bike for our son,” my neighbor told me proudly.
I was taken aback as the boy was just in his higher secondary class, too young to own a powerful bike.
My neighbor was spoiling their boy.
This has become the modern way of parenting.
How wrong you are.
Never assume that costly things displays your love for your children.
It does not.
Do you know the best parental guidance you can give your children is making them know the value of money?
Here are the easy ways to teach your children the value of money
1. Your children should know that everything comes with a price tag
When you buy your children, whatever they ask for they feel their life is going to be easy.
Never ever do that.
Do not buy them unneccessary things to please them.
Your children will demand more and more.
When your children ask for costly things, explain to them that they must grow up to own such valuable things.
Explain the cost of the things they are demanding.
Confide to your children, that you have to borrow money to buy what they are asking for.
Tell your children how repayments will cut into your budget.
When you explain to your children, about your efforts behind buying the things they ask for, they become more conscious about the value of money.
2. Teach them how to save
Your children should know the art of saving, before they know the art of spending.
Buy your children a piggy bank.
Ask them to put their pocket-money into it.
Tell your children they can buy the toys they had wanted, from the money they save.
You would be surprised to see your children eagerly saving money.
The pleasure your children feel, when they buy things they craved for from their own savings, it makes them realize the value of money.
3. Make them work for their pocket-money
Give your children simple work like cleaning the shelves\tiding up their room.
Ask your children to clean the garden.
When you give your children money for their work, they are pleased. They realize at their young age itself, that hard work always pays.
On the other hand, if you give your children money, just to relieve your guilt of not being able to spend time with them, it is plain bribery. It will in no way help your children.
4. Explain to your children the value of money
“My son says he feels lesser than his friends as they have costly mobiles, while his is a basic one. He is pestering me to buy a high-end mobile” Fatima, my friend told me.
“Are you going to buy him one?” I asked her.
“No way” my friend told me firmly.
‘I told my son that buying such high-end mobile would mean borrowing money. And that borrowing money meant repayments. I also explained him that repayments meant less money for the family. So, I told my son, that he must wait until he earns money to buy such costly things.”
My friend has taught her son a very precious lesson – The value of money.
5. Discuss money with your children
Do not bring up your children, as if they were born with a silver spoon.
If you have loans, inform your children. They must understand that money is hard to get.
Share your happiness with your children, when you get an increment.
Your children now know that hard work always pays.
CONCLUSION
Can you now see how teaching your children the value of money, does matter to your marriage?
It is true that money is not everything. It is just a buying commodity.
But its power in your married life, is awesome.
When your children grow up without knowing the value of money, you would have to deal with the most unwanted element in your relationship.
Are you wondering what it is?
It is your inevitable fight with your spouse, as to who was the reason behind your money negligent children.
Here is the link to “Marriage Realities”
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