Overcare of kids & young adults could be unfavorable later

Most parents stretch themselves beyond their capacity, which sows the seeds of negative emotions like pain, disappointment, and frustration amongst children.

Why do parents do that? –

1) Insecurity about earnings, status, or wealth.
2) Desire to provide higher comfort than self.
3) Measuring happiness against the ability to spend.
4) Want to be heroic for children?

What to do? –

Be transparent about who you are and what your values are.
Decide on fixed spending for all of their goals, whether it’s education, buying a vehicle, or purchasing new gadgets.

Parents must help children see the difference between desires and discretion, want and need, mandatory and non-mandatory, investment and spending.

I wish you the best!

Kavita S Devi, CFP CM

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