I understand and have empathy with those parents whose children are not able to understand true value the money . No doubt ,all parents try their level best to fulfill most of the needs of their children but they all have a limit to do that. However, they shall also intend to render the knowledge about true value of money to their children. Irony is that some parents utterly fail to transmit the ethics of spending to their children right from early age when the first time child asks the money from parents to buy something. Actually, it is the time when parents shall inculcate financial literacy in their children. Otherwise ,they may suffer due to extravagant habit of the child. In some cases it becomes too late to recondition for good financial management and at the cost of spoiled life of whole the family. Personally I feel that it is unforgivable crime by parents . It is not only their social responsibility but also religious duty to make understand the child that parents will try their level best to fulfill the essential needs but not for desires and luxury. And when the child grows to early adulthood ,the ethic that "EARN BEFORE YOU SPEND" must be injected in children's mind.
So TRAIN YOUR MIND to remain in positive orientation of developing an essential ethic of earning before spending in your mind. It becomes also necessary to develop this ethic in your children while you are parenting.
Enjoy days always ahead in true love for mindful financial literacy.
8th December, 2023 Dr. Ajawani's Happiness Clinic
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