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Monday, March 14, 2016

Most kids don't know what their parents are earning

An inquiry of late shows that most kids here in Belgium don't precisely know how much - or how little - their parents are earning for a living.

Younger kids mostly don't have any clue, but even 15-year-olds and 15+ only know it partially (about 40%).

Is that a good thing? I don't think so. Communication within a family should always be clear. It's not wrong for a younger child to know the worth of money! If you don't learn how to deal with it when you're young, how will you manage later on? Especially in this age of plastic money. You use your debit or credit card - and lots of people don't know what they're spending.

I believe my parents did a good job. Even as little ones we were taught to save money. If we wanted that real cute toy (a new dress for Barbie or a new book) we had to save a couple of weeks (even months) for it! We were not given a lot of pocket-money, see. So we learned from the start it takes some time to gain money.

We also learned that you NEVER could spend more than you have. It's a good principle and even now it keeps me out of trouble. I never buy something, or order something, I can't afford! Some people are paying off one loan after the other and then the bailiff comes calling.

What do you think?

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