Which strategy is better?

[tottong]

You are right, we can only guide and we cannot force them to have the same interests as them. However, by guiding it means that we also do not release our responsibilities as parents, because as parents of course we have responsibilities.

I understand that sometimes we have to force something, but we must be able to know which can be forced and which cannot. As in directing schools, of course if we let everything depend on them, then they will prefer a school that they think is good and of course with many friends who also go to school there. Well, here our role as parents is very much needed, and in my opinion this can be forced as long as it does not exceed the limit.

The current generation is different from the previous generation because it is difficult to guide today's children to follow their parents' interests, especially in terms of achieving good finances.
We need to direct children to be more successful in the future but parents must also see the child's own abilities.
For example, if a child has skills about the designer, the steps that need to be taken by their parents support the process of progressing the child in his asking.

Sometimes imposing the desire of parents will not make a child succeed because they have to think to follow the steps of parents instead of doing something based on their interests.
What is needed by a child is only support in the process of achieving the success of the life they are building.

[liuka]

You are right, we can only guide and we cannot force them to have the same interests as them. However, by guiding it means that we also do not release our responsibilities as parents, because as parents of course we have responsibilities.

I understand that sometimes we have to force something, but we must be able to know which can be forced and which cannot. As in directing schools, of course if we let everything depend on them, then they will prefer a school that they think is good and of course with many friends who also go to school there. Well, here our role as parents is very much needed, and in my opinion this can be forced as long as it does not exceed the limit.

The current generation is different from the previous generation because it is difficult to guide today's children to follow their parents' interests, especially in terms of achieving good finances.
We need to direct children to be more successful in the future but parents must also see the child's own abilities.
For example, if a child has skills about the designer, the steps that need to be taken by their parents support the process of progressing the child in his asking.

Sometimes imposing the desire of parents will not make a child succeed because they have to think to follow the steps of parents instead of doing something based on their interests.
What is needed by a child is only support in the process of achieving the success of the life they are building.

That's why this is something that must be considered, because it is not easy to direct them, especially now that anything negative is very easy to access, once they take a wrong step then maybe they will continue to walk on the wrong path. And it will be even more difficult if that happens, because not only will they not listen to what we say, in the worst case they might fight back.

I can understand what you mean, yes we must be able to see what the potential or natural talents of our children are. However, we still have to be able to direct, meaning we have to support them to continue what their talents are, but we also have to direct the best place not just being parents who agree with everything they want.

[ovcijisir]

Talking about teaching financial intelligence to children, what do you think is the best practice to enforce this as a parent,
Scenario 1
Giving them enough money at a young age to see how well they will manage it.

Scenario 2
Not giving them enough money, so they can work for their own money.

Put these conditions in mind,
In the first scenario, it is a close condition where the parent intends to teach the child early how to manage money, and in the second scenario, the parent wants the child to learn from their own experience.

I would use both strategies so they learn to budget in times of abundance and save in times of scarcity.

In my opinion, both are equally important skills, specially in today's times when we can't predict what will the future bring.

[tottong]

That's why this is something that must be considered, because it is not easy to direct them, especially now that anything negative is very easy to access, once they take a wrong step then maybe they will continue to walk on the wrong path. And it will be even more difficult if that happens, because not only will they not listen to what we say, in the worst case they might fight back.

I can understand what you mean, yes we must be able to see what the potential or natural talents of our children are. However, we still have to be able to direct, meaning we have to support them to continue what their talents are, but we also have to direct the best place not just being parents who agree with everything they want.

Our job as parents is to control, protect and continue to provide education regarding the achievements in the process of growing up a child and at the right time we will give them the freedom to choose a path that suits their interests and skills.
Negative things are quite easy to be contaminated now because there are indeed many factors that can ensnare a child if parents do not control them properly.

The role of parents is not only to ensure the growth and development of a child, but we need to ensure that they get good knowledge in determining their life steps, especially since life is now quite negative if a child is not properly guided.
Support in the form of formal and moral is quite necessary because it will make children more responsible for the life process they are going through.

[liuka]

That's why this is something that must be considered, because it is not easy to direct them, especially now that anything negative is very easy to access, once they take a wrong step then maybe they will continue to walk on the wrong path. And it will be even more difficult if that happens, because not only will they not listen to what we say, in the worst case they might fight back.

I can understand what you mean, yes we must be able to see what the potential or natural talents of our children are. However, we still have to be able to direct, meaning we have to support them to continue what their talents are, but we also have to direct the best place not just being parents who agree with everything they want.

Our job as parents is to control, protect and continue to provide education regarding the achievements in the process of growing up a child and at the right time we will give them the freedom to choose a path that suits their interests and skills.
Negative things are quite easy to be contaminated now because there are indeed many factors that can ensnare a child if parents do not control them properly.

The role of parents is not only to ensure the growth and development of a child, but we need to ensure that they get good knowledge in determining their life steps, especially since life is now quite negative if a child is not properly guided.
Support in the form of formal and moral is quite necessary because it will make children more responsible for the life process they are going through.

The current obstacle that I see from some parents is that they provide all the facilities, let's say it's money and so on, but they forget to set an example for their children. It is undeniable that now there are many people who are actually very well off, but they have problems in family harmony which has a big impact on children.

Communication is an important factor in a family, without good communication, a harmonious family will not be created in my opinion. Indeed, some people are different in expressing their love language, but what must be attempted is communication in my opinion, especially for children.

[Zanab247]

If parents don't teach the children how to use the money well, they will not learn anything from the money giving to them, because they will feel their parents have enough money that is why they are giving them those money. Like those parents who don't give their children money,  it will push such children to work hard to have something on their own to further their education, which is very important to every human beings on earth not to depend on anybody.

I guess  scenario 2 is better for parents not to give to their children, and it will help them to learn and grow up their own businesses and it will be hard for such children to depend on their wife or husband in the aspect of finance when they get married.

[tottong]

The current obstacle that I see from some parents is that they provide all the facilities, let's say it's money and so on, but they forget to set an example for their children. It is undeniable that now there are many people who are actually very well off, but they have problems in family harmony which has a big impact on children.

Communication is an important factor in a family, without good communication, a harmonious family will not be created in my opinion. Indeed, some people are different in expressing their love language, but what must be attempted is communication in my opinion, especially for children.

Facilities are provided based on the needs of the child although there are some people who provide excessively and generally it is only owned by rich parents.
Parents are sensitive to the needs of their children but they do not provide facilities so that children can learn to be more independent in matters of life experience.
This talks about parents who have the ability to teach their children to grow and develop with more independent responsibilities.

Every family has different levels of problems, there are parents who are rich but are unable to take care of their children properly so they are trapped in free association.
Some parents do not have much money but they succeed in educating their children to be better so that when they are adults they can express themselves according to the educational pattern given by parents.

[gunhell16]

Talking about teaching financial intelligence to children, what do you think is the best practice to enforce this as a parent,
Scenario 1
Giving them enough money at a young age to see how well they will manage it.

Scenario 2
Not giving them enough money, so they can work for their own money.

Put these conditions in mind,
In the first scenario, it is a close condition where the parent intends to teach the child early how to manage money, and in the second scenario, the parent wants the child to learn from their own experience.

As parents, we have our own ways of educating our children about money. or finances. I will educate my child about the value of money in human life and I will also teach
him how to survive in this world.

When we teach them how to manage money correctly, it is a good start so that at an early age they will immediately know the importance
of money for survivors like us in this world.

[slapper]

The current obstacle that I see from some parents is that they provide all the facilities, let's say it's money and so on, but they forget to set an example for their children. It is undeniable that now there are many people who are actually very well off, but they have problems in family harmony which has a big impact on children.

Communication is an important factor in a family, without good communication, a harmonious family will not be created in my opinion. Indeed, some people are different in expressing their love language, but what must be attempted is communication in my opinion, especially for children.

Facilities are provided based on the needs of the child although there are some people who provide excessively and generally it is only owned by rich parents.
Parents are sensitive to the needs of their children but they do not provide facilities so that children can learn to be more independent in matters of life experience.
This talks about parents who have the ability to teach their children to grow and develop with more independent responsibilities.

Every family has different levels of problems, there are parents who are rich but are unable to take care of their children properly so they are trapped in free association.
Some parents do not have much money but they succeed in educating their children to be better so that when they are adults they can express themselves according to the educational pattern given by parents.

people confuse provision with preparation. Giving your child a tablet, a tutor, and a custom bedroom doesn't imply you're preparing them for life. Most children growing up in these circumstances grow up shielded, not powerful

Being wealthy does not guarantee being wise. Most upper-middle class parents are unaware of this; they maximise for comfort rather than character. Some low-income families create very grounded, outspoken adults. Why? Because scarcity becomes a pressure cooker for creativity, patience, and self-regulation while necessity enforces resilience. Actually, that is the course of life

Parents wish for their children to have what they never had. But what if what you never had (those challenges, those wait-your-turn events) were precisely what taught you adaptability? This is less about parenting style and more about parenting philosophy. Do you raise a child to negotiate complexity or to escape discomfort? Give a child everything and eliminate the friction, then, ask why they fear at the first hint of doubt

Perfect circumstances for development are not what we need. We need real ones. And “real” sometimes means saying no, leaving gaps for kids to fill with their own agency

[Mate2237]

The best strategy remains that to make your children to become financially intelligent in terms of managing resources it's the parents responsibility to ensure that the children have a good financial education through the way that money is managed at home children learn from what ever there parents do or say so a parents that are financially careless can't be talking about teaching their children financial management skills because the children will definitely be like them while growing up.



I think that the both option that is given will not be of help to children because if you give children money at a early age abuse will set in due to the fact that they don't know how the money is made and so they will feel lazy and become wayward at the long run only a few amount of children will actually learn so to me it will be a wast of time, thesame thing when you deprive your children of money it will do much harm than good because that child will have psychological problems when growing up because depriving your children of money is not a good thing to do

[Stella Mese]

The best strategy remains that to make your children to become financially intelligent in terms of managing resources it's the parents responsibility to ensure that the children have a good financial education through the way that money is managed at home children learn from what ever there parents do or say so a parents that are financially careless can't be talking about teaching their children financial management skills because the children will definitely be like them while growing up.



I think that the both option that is given will not be of help to children because if you give children money at a early age abuse will set in due to the fact that they don't know how the money is made and so they will feel lazy and become wayward at the long run only a few amount of children will actually learn so to me it will be a wast of time, thesame thing when you deprive your children of money it will do much harm than good because that child will have psychological problems when growing up because depriving your children of money is not a good thing to do

Of course, by seizing a child's money, it will clearly have bad consequences because the child will remember our treatment as parents who acted rather harshly, by providing a good example, that is what is needed, such as giving gentle advice so that the child understands how to use finances wisely, the point is that patience is needed in educating this child to be financially intelligent and it requires a fairly long process so that the child can understand it.

[tottong]

Parents wish for their children to have what they never had. But what if what you never had (those challenges, those wait-your-turn events) were precisely what taught you adaptability? This is less about parenting style and more about parenting philosophy. Do you raise a child to negotiate complexity or to escape discomfort? Give a child everything and eliminate the friction, then, ask why they fear at the first hint of doubt

Perfect circumstances for development are not what we need. We need real ones. And “real” sometimes means saying no, leaving gaps for kids to fill with their own agency

I think that is quite a difficult challenge because educating a child will make them better when they are adults and eventually they themselves will become someone who is responsible for their family after marriage.
If the pattern of education given by both parents to the child is full of pampering then how can they live a much more independent life because they themselves were never taught to be responsible in the process of their life.

Ideally we should ensure that children become more responsible and direct them towards their interests and skills so that when they grow up, they will understand how life is not easy and they can adapt well when life is full of responsibilities.

[katanic97]

Talking about teaching financial intelligence to children, what do you think is the best practice to enforce this as a parent,
Scenario 1
Giving them enough money at a young age to see how well they will manage it.

Scenario 2
Not giving them enough money, so they can work for their own money.

Put these conditions in mind,
In the first scenario, it is a close condition where the parent intends to teach the child early how to manage money, and in the second scenario, the parent wants the child to learn from their own experience.

Personally, i support option 2, because at an early age, it’s hard for a child to truly learn how to manage a certain amount of money. Even though it’s not a bad idea, we all know that children are curious and interested in everything at that age.Scenario 2, where you give the child only a minimal amount of money, can have its advantages because the child will learn to appreciate it and understand how hard it is to earn money nowadays. This also provides additional assurance that they will know how to save in the future.
Definitely option 2

[imamusma]

Parents wish for their children to have what they never had. But what if what you never had (those challenges, those wait-your-turn events) were precisely what taught you adaptability? This is less about parenting style and more about parenting philosophy. Do you raise a child to negotiate complexity or to escape discomfort? Give a child everything and eliminate the friction, then, ask why they fear at the first hint of doubt

Perfect circumstances for development are not what we need. We need real ones. And “real” sometimes means saying no, leaving gaps for kids to fill with their own agency

I think that is quite a difficult challenge because educating a child will make them better when they are adults and eventually they themselves will become someone who is responsible for their family after marriage.
If the pattern of education given by both parents to the child is full of pampering then how can they live a much more independent life because they themselves were never taught to be responsible in the process of their life.

Ideally we should ensure that children become more responsible and direct them towards their interests and skills so that when they grow up, they will understand how life is not easy and they can adapt well when life is full of responsibilities.

Time changes, and we change along with it. The same goes for parenting styles or approaches in raising children, everything must align with the times. However, education has always been the foundational priority for all parents. We realize that the first education begins at home, parents are the first teachers who will shape character, self confidence, discipline, and so on. Regarding interests, potentials, and aspirations, these are things that emerge later in life. The role of parents is to accompany and motivate them in achieving their goals. Many parents realize too late that the time spent raising children is sometimes more valuable than money.

[knowngunman]

If parents don't teach the children how to use the money well, they will not learn anything from the money giving to them, because they will feel their parents have enough money that is why they are giving them those money. Like those parents who don't give their children money,  it will push such children to work hard to have something on their own to further their education, which is very important to every human beings on earth not to depend on anybody.

I guess  scenario 2 is better for parents not to give to their children, and it will help them to learn and grow up their own businesses and it will be hard for such children to depend on their wife or husband in the aspect of finance when they get married.

Personally, I would also go for the second option like I said before but this case is more beyond what we can see here and it's not just about giving them more money or not. To some extent, I think it has more to do with family background than it has to do with mere giving of money. I have look around my environment and it's unsafe to conclude that a particular scenario is the best strategy among the two mentioned in the Op thread.

In as much as I'm not comfortable with the first strategy, I can confidently confess that I know a family that practice it and it's working well for them because the children still go out to source for extra source as they have no parents fending for them. It all depends on how you raise your children and the financial character you instill in them.

[alastantiger]

I would use both strategies so they learn to budget in times of abundance and save in times of scarcity.

In my opinion, both are equally important skills, specially in today's times when we can't predict what will the future bring.

Agreed, only training them with one strategy isn't going to help them in the future because times are now getting rough as the economy is getting harder to be predicated accurately in all parts of the world and not only in one country. As a parent we're supposed to know when we'll give our children enough money to teach them how to manage money properly and also when to not give them enough money so that they can learn to manage what they have.

In life this is also how it works because sometimes you'll have abundance of wealth and other times, things will get so difficult for you that you won't be able to give yourself a healthy meal. Without learning how to survive in both conditions, you'll find it difficult to life a comfortable life. When their is abundance, you invest for the future and when there isn't,you cut down on your expenses.

[tottong]

Time changes, and we change along with it. The same goes for parenting styles or approaches in raising children, everything must align with the times. However, education has always been the foundational priority for all parents. We realize that the first education begins at home, parents are the first teachers who will shape character, self confidence, discipline, and so on. Regarding interests, potentials, and aspirations, these are things that emerge later in life. The role of parents is to accompany and motivate them in achieving their goals. Many parents realize too late that the time spent raising children is sometimes more valuable than money.

Although times have changed, every parent needs to think about the best way to educate their children and it aims so that when they grow up they can be much more prepared for the conditions they will experience.
Education is indeed a priority for parents in educating their children and it is commonly done by most parents.
We know that every child must have different ideals and maybe the role of parents in this case is to support children so that they can achieve the ideals they dream of.

Motivation and the role of parents in providing support are very important because this is the spirit needed by children in achieving their dreams.
Money is also important and raising children responsibly and being able to provide worldly and afterlife education is something that is quite important.

[Altryist]

Time changes, and we change along with it. The same goes for parenting styles or approaches in raising children, everything must align with the times. However, education has always been the foundational priority for all parents. We realize that the first education begins at home, parents are the first teachers who will shape character, self confidence, discipline, and so on. Regarding interests, potentials, and aspirations, these are things that emerge later in life. The role of parents is to accompany and motivate them in achieving their goals. Many parents realize too late that the time spent raising children is sometimes more valuable than money.

Parents should give their children the most important thing that they will not receive at school, this is the basics of financial literacy, because in life this is one of the most important things, when they become independent they will have to learn how to handle money and earn money, if their parents do not teach them this, then they will not receive this knowledge at school, and most likely they will not be taught this at university either, although I believe that such lessons should be mandatory in every school. but apparently no one needs rich people, it is more difficult to manage them.

[CryptoBuds]

Time changes, and we change along with it. The same goes for parenting styles or approaches in raising children, everything must align with the times. However, education has always been the foundational priority for all parents. We realize that the first education begins at home, parents are the first teachers who will shape character, self confidence, discipline, and so on. Regarding interests, potentials, and aspirations, these are things that emerge later in life. The role of parents is to accompany and motivate them in achieving their goals. Many parents realize too late that the time spent raising children is sometimes more valuable than money.

Parents should give their children the most important thing that they will not receive at school, this is the basics of financial literacy, because in life this is one of the most important things, when they become independent they will have to learn how to handle money and earn money, if their parents do not teach them this, then they will not receive this knowledge at school, and most likely they will not be taught this at university either, although I believe that such lessons should be mandatory in every school. but apparently no one needs rich people, it is more difficult to manage them.

I still don't understand why financial literacy is not yet included in the mainstream education curriculum when its importance is no less than other knowledge. Therefore, parents need to equip their children with basic financial knowledge as well as teach them about the value of money. But I don't think the reason they don't put finance into education is because they don't want too many rich people. Because a country cannot be rich if its people are poor, "rich people, strong nation", governments are aware of that.

As far as I know, even in leading investment countries like the US, Europe,...only a few schools include financial knowledge in the curriculum, but only as an elective subject, not a compulsory subject. So, that's not really the reason, IMO.

[eightdots]

Time changes, and we change along with it. The same goes for parenting styles or approaches in raising children, everything must align with the times. However, education has always been the foundational priority for all parents. We realize that the first education begins at home, parents are the first teachers who will shape character, self confidence, discipline, and so on. Regarding interests, potentials, and aspirations, these are things that emerge later in life. The role of parents is to accompany and motivate them in achieving their goals. Many parents realize too late that the time spent raising children is sometimes more valuable than money.

Parents should give their children the most important thing that they will not receive at school, this is the basics of financial literacy, because in life this is one of the most important things, when they become independent they will have to learn how to handle money and earn money, if their parents do not teach them this, then they will not receive this knowledge at school, and most likely they will not be taught this at university either, although I believe that such lessons should be mandatory in every school. but apparently no one needs rich people, it is more difficult to manage them.

I still don't understand why financial literacy is not yet included in the mainstream education curriculum when its importance is no less than other knowledge. Therefore, parents need to equip their children with basic financial knowledge as well as teach them about the value of money. But I don't think the reason they don't put finance into education is because they don't want too many rich people. Because a country cannot be rich if its people are poor, "rich people, strong nation", governments are aware of that.

As far as I know, even in leading investment countries like the US, Europe,...only a few schools include financial knowledge in the curriculum, but only as an elective subject, not a compulsory subject. So, that's not really the reason, IMO.

Parents are the biggest part of education. Children receive the most important information and education from their parents. They are directed to areas they are interested in or they are provided with information about many areas and help them shape their future.

Financial literacy needs to be included in the education system. Children should access this information early and use it throughout their lives. The point you touched on is very important because financial literacy should be taught as a main course, not an elective course. The importance of education on this subject is very great so that people can act more consciously in financial matters.