Sons Don't Understand Why We Don't Buy Them Expensive Things Even Though We Can Afford It. How Should I Teach Them the Value of Money?
A father expresses his concern that his sons, influenced by their mother's tendency to indulge them, lack an understanding of money's value as they approach adolescence.
In a recent inquiry to a psychological advice column, a father of two sons, aged eight and ten, reveals his struggle with parenting as his wife tends to spoil the children. Despite their comfortable financial situation, he feels that simply granting their desires without much thought is detrimental. He wishes to instill a sense of appreciation for money, work, and patience in his children, aiming for them to grow up understanding that they shouldn't take luxuries for granted.
As his sons enter the pre-teen years, the father notices a growing interest in trendy brands, expensive sneakers, and electronics that their peers possess. The boys are aware of their family's ability to afford these items and often question why they cannot have similar luxuries. The father's contrasting view on wealth encourages him to educate them about the value of money rather than just fulfilling their demands, as he fears they might grow up feeling entitled to everything without understanding the effort behind it.
This situation highlights a common challenge among parents balancing comfort and discipline, especially as children become more aware of societal expectations through peer influence. By considering professional advice, the father seeks constructive ways to communicate the significance of work ethic and money management to his sons, aiming to cultivate a mindset that values effort and presence over mere acquisition.