My Parents didn’t talk about money. Why should I?
If you want your child to develop a healthy relationship with something, you need to talk about it and model good behaviour. This is hard to do with money as we don’t have a framework for talking about it and it makes a lot of people deeply uncomfortable. Not talking about something means that you are not giving any positive guidance, and this makes it far more difficult for your children to know what the right behaviour should be.
Money is money. What’s different now?
There are a number of reasons why it is critical that our children develop a healthy relationship with money. These are just some of them:
There is far more pressure from media and society to spend money and to believe that having things will make you happy.
Freely available credit and online shopping make it really easy to spend money you don’t have.
Data from their online activity is being used to target our children at the individual level.
Our children’s working lives will be far less secure than ours and they will need to develop positive financial behaviours early on. Most of them will start their careers with large debts.