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 10 mistakes يورثها the parents of sons in financial matters

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PostSubject: 10 mistakes يورثها the parents of sons in financial matters   Thu Aug 22, 2013 9:56 pm

While 41% of those surveyed said they learned things money management from their parents. So, here are the most common errors in the management of money, especially those by parents for their children:

1. Silence: see Teresa Herzelak, Chancellor's financial (Savent Capital Management - Savant Capital Management) that the biggest mistakes committed by parents in the management of money is silence; since they do not talk to their children about these things, and explain to them how to deal with money and properly managed . Even some parents say to their children that it is talking flaw in financial matters.

2. Reliance on credit cards: The second most common mistakes is that parents are using credit cards in front of their children without to explain to them the principle of its work. And when children see that this card is able to buy everything they want, it makes them this totally rely on them when they grow up. And advise parents Herzelak to explain to their children that they receive the bill for things that they bought with a credit card at the end of the month, and they also have to explain to them when and why to use these cards, and what are its usefulness.

3. Not to reject any request for sons: David Bach, an expert on financial affairs and author of "getting rid of debt forever": "The biggest mistake committed by parents is not to reject any request for their children, they give their children everything they want and, ignoring the rules they have set or budget they adopt. believes Bach that this will lead sons to the lack of a sense of responsibility, and make them want to get everything Asthonh while growing up. It is also suggested that if one of the children wanted something refrain father for buying him, then the father should explain to him why, and teach him The difference between what one wants and what actually needs, and how to save money for the future.

4. Lying: A poll conducted by Forbes magazine that 31% of adults are lying on their spouses with regard to money, and when the mother says to her son: "Let this small Srna, do not tell your father with him," they learn her lying. And when the child realizes that and parents Akzban to each other about money then it learns to manipulate them in turn, and this means that they will not be honest with their partners when they grow up, too.

5. Failure to apply what it says: says Stuart Ritter, an expert in financial planning: "The children imitate what parents are doing, and they in turn making a mistake not to apply what they say, and even reversed completely did." Ritter believes that while parents say they specific budget then do not it, the children then learn that budgets are not important. Also, many of the parents teach their children the principles of savings but they Aaovrun the money in return. Accordingly, the children learn from actions not words, so be sure to take into account the application of everything you say entirety.

6. Overspending on entertainment: says Herzelak: "The overspending on excursions and activities, vacations high, it could make children adopt the mentality of consumer, have them also link between expenditure and consumption on the one hand and between the happiness of the other hand. This should parents to Aljúa ways to entertain less expensive, to teach their children that happiness lies in spending time with family and not to spend money.

7. Not to save money: watching every movement offers children by their parents and, so this is not to save money reserves to what may occur in the future, a fatal mistake Sekrh the children, no doubt. Bach urges parents to teach their children savings and reduce costs since the age of 4 years, as that they lead by example in saving money.

8. Charged atmosphere tense when talking about money: says Ritter: "captures the children all references moral and negative emotions and quarrels, which dominates the skies, when speaking father and mother for money. Has them that they feel that the money a negative value, and enhances them feeling very concerned and fears towards him while growing up" . Ritter suggests that parents communicate with their children and explain to them the family's financial situation, whether in good or bad conditions.

9. Give money to children without imposing any rules: says Herzelak: "This is it controversial and complicated for many parents; if gave parents their children a sum of money without any conditions, it makes them that do not appreciate the effort that must be made for him. Shows Herzelak that Many parents do not put clear rules to determine the size of expenses (such as food, clothing, entertainment).



10. Gender discrimination in the management of money: many parents know their children unconsciously, the distinction between the sexes in the financial responsibilities. Ritter believes that if the mother is always responsible for buying groceries, and the father is responsible for the affairs of the investment, it will make children believe that this is the case in every natural family. So, parents have to explain to their children how to distribute financial tasks, lest the that there is a difference between male and female in this regard
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