Set a positive example with your own spending habits from "summary" of The Opposite of Spoiled by Ron Lieber
Parents should be mindful of the example they set with their own spending habits. Children are keen observers and will pick up on their parents' financial behaviors. If parents are responsible with their money, children are more likely to follow suit. This includes being transparent about financial decisions and explaining the reasoning behind them. Setting a positive example with spending habits involves being intentional about purchases and demonstrating the value of money. Parents should demonstrate the importance of saving, budgeting, and making thoughtful choices when it comes to spending. By modeling these behaviors, parents can instill good financial habits in their children from a young age. It's important for parents to be mindful of their own attitu...
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