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Learning to manage money includes making correct decisions about whether a course of action is worth it. Forcing a child to save when he'd be better off not sa
by Jiro 5y ago
Learning to manage money includes making correct decisions about whether a course of action is worth it. Forcing a child to save when he'd be better off not saving teaches the right lesson about what saving is, and the wrong lesson about when you should save.
- jjeaff 5y agoNot saving comes natural to most people. Learning to save is the hard part. Most children don't ever make enough money that saving would make financial sense. The reality is, teaching kids to save their money is more a lesson in delayed gratification than it is a financial lesson.
- makeitdouble 5y agoThis is true for many children, but there’s a also a lot of kids who are too afraid to spend and enjoy their money. It is I think as important to teach children how to spend their money, on what, and get them used to understand how much they got for their money. As a kid I saved for a long time to buy an Atari Jaguar, and it was a eye opener looking back at the “sacrifices” I made for that result.