Are We Spoiling our Kids on Finances?

I have a confession to make. I don’t have kids. I know. Huge spoiler. That is not to say that I won’t have them someday…way in the future. I have had my share of taking care of kids since my mother owned and still owns an in-home daycare. I remember helping her to change diapers and give bottles while still doing my homework. I remember playing games with kids that weren’t much younger than myself so being around children is pretty natural for me. Seeing a lot of kids in my life, there is one trend that I had and still been disturbs me lately. I have noticed a lot of parents spoiling their children and I have seen the after effects. It’s a little depressing.

I was reading this article here and I was shocked to see that childrens’ allowances are increasing and increasing at a high degree. There are some parents that are even spending $50 per week on one allowance. That number astounds me. I only got an allowance for a short period in my childhood. My parents are from a poor country so the concept of having money every month or week from your parents was an unimaginable luxury. It meant that there was money left over to give to your kids, which didn’t happen much. Even if it did happen, then there was no way that money was going to the kids when there were so many other needs.

I remember having to convince my parents for $5 a week and only after promising to do more chores around the house than I was already doing. I also had to agree to keep up with my school work but that was easy since I was always a little nerd. The point is it was something that still needed to be earned. I was never guaranteed a set amount every week just for existing. Also, it was not too long before the allowance ceased altogether as my parents did not always have the funds to pay it.

I often wonder what it would have been like to grow up in a household that didn’t have to worry about money. I would have loved to have been able to get nicer things but I definitely don’t regret the life that I had because my family is awesome. My parents taught me a lot about finances and I was able to get on a good path after some blunders along the way. I wonder how I would have turned out if I came from a family with better finances. I wonder if I would have turned out to be a little spoiled brat or a responsible adult. I wonder if I would have been the same person if my parents gave me more money. Would I have ever learned the value of a dollar?

One of the great things about this country is that you have the option to raise your  kids however you want and I agree with that. I also agree that to be a good parent, you need to provide a solid foundation for them and that includes giving some type of financial education to your children. Heaven knows that the schools aren’t going to do it. If I ever have kids, I would like to think that I would do just that. I would like my kids to realize that everything in this world needs to be earned. That is really the only way to feel true pride in life.

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