How to raise confident, financially-smart children: Start by discussing money at home
So how much do you earn Dubai-based Sagar Chandan s six-year-old son thought he was just making small talk Why wasn t this question the same as asking someone about their favourite colour Instead the room fell silent and he was met with disapproving glares His aunt sternly told him it wasn t appropriate to ask about someone s salary Later my son confused asked what he did wrong Chandan chuckles Looking back Chandan says that the children were always around when he would discuss money with his wife - whether it was the month s budget increments or salary expectations We ve always been open about money at home especially during the early years when we faced several financial difficulties So our children would often hear us discussing job salary negotiations The terms earn save and budgets came up quite often They assumed it was something that you can talk about with everyone Like Chandan Abu Dhabi-based Inigo Noah an accountant believes in having healthy and open discussions with her children from the age of five itself She explains When parents openly talk about finances whether it s about budgeting saving or spending they model specific attitudes toward money If money is framed as a tool for achieving goals rather than a source of stress children are more likely to develop a healthy balanced view of finances https youtu be HzpauZuL -I si lWJx g wWzAxth Noah has learnt from her own childhood experiences where the very discussion of...
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