5 ways parents can pass on money-related anxiety to their children
5 ways parents can pass on money-related anxiety to their children Children learn more from observing their parents than from being told what to do. This is also true for money habits and attitudes. The way parents earn, save, spend, shop, react to a financial emergency, or discuss money matters among themselves are the cues that kids pick up subconsciously. This is what lays the foundation for their own money behaviour when they become adults. So if you want your child to have a good relationship with money, ensure that you do not pass on any money-related anxiety and beware of the following attitudes and actions: 1. Blaming, shaming & bickering about money Fights over finances among spouses may be one of the biggest reasons for kids to perceive money as a problem when they grow up. Money arguments in front of kids about each other’s saving or spending habits, blaming a partner for low earning ability or family’s poor financial situation, or disagreements about future milest...