Finances is one of the most fundamental areas of human life. Navigation in the present day society requires us to understand the better ways of earning and spending our monetary resources.
Finances does not merely mean to learn how to earn and spend money. It also includes attaining the wisdom in setting up our priorities and controlling our impulses. Thus, it is an attitude that is attained over time.
While learning theoretical perspectives at school may help us gain understanding of pros and cons of various methods and view points, the application of those ideologies and experiencing their actual impact requires the practical application.
Moreover, there is no way to gain insights about how the pressure feels when you move your limbs in the water while swimming, is not possible by reading the stories on pages. For understanding the swimming and experiencing the force for navigating in the water we need to dive in the water. Education at school hardly provides such a chance.
Furthermore, as I mentioned above, I believe finances is an attitude and right decisions do not come out only by the knowledge of beneficial and harmful. Such as smokers are aware of the adverse effects of smoking but they smoke any way. The knowledge does not impact their behaviour. Similarly, understanding various theories is not likely to make us wise in terms of using our monetary resources. There is a need of instilling the behavior via conditioning and modelling.
For instance, my son was asking me to buy a toy. We looked for it online. I realized the price were far higher than we could purchase it from physical market. I refused to buy the toy online and told him to wait until we would visit the market in a couple of weeks. He was not happy but I explained to him that it was of no use to spend more money on the same quality of product that we may easily purchase in a cheaper price. In this way he bot only understood the reason but also learned to control his impulses.
Similarly, I ordered a few books lately. During a conversation , I told my son that I am intending to buy books now on regular basis. He asked me why I was not buying before. I told him, I did not have enough money before to invest on buying books so I read them online. However, I prefer reading books in physical form and now I have money to afford them now so I am heading towards it.
I went on further to explain him what I think our priorities should be in terms of expenditure. I told him I deem it important to first fulfil the needs of our health. Unless our health is stable and our well-being intact, we cannot enjoy our lives. Then, comes our workspace. By spending money on our workspace to make it cosy and sophisticated we enhance our ability to earn more.
Observing my behavior in the real life is the thing that is likely to create a lasting impact on my children’s behavior and attitude.
Therefore, I am if the opinion that giving the grounding in financial matters is primarily the responsibility of parents. The education at school may help gaining the further insights into various realms of finances. Nonetheless, parents are responsible for developing the attitude.
This is my participation for weekend engagement topic
Do you feel giving children a grounding in financial matters is the parents' or a schools' responsibility and why? If you do it for your children how have you done so? Use your own photos.
Image is taken by me via my mobile
Last time we discussed cartoons. Are you managing how much time your children spend watching them? In today's fast-paced world, entertainment is easily accessible, so it's important to limit their screen time, or as I call it, the 'flashing light box.'
I not only limit their screen time but also keep an eye on what they watch.
Thanks for taking your time to visit my blog
!LUV
@dlmmqb, @amberkashif(2/4) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
Your personalized image grabbed my attention :)
It's funny. My camera rarely produce such results. I think the sunlight in the room did the magic.
I think if you upload it on Unsplash or Pixabay, it will get approved. Might help in off-chain marketing :)
Good advice. I will need to make an account there, first.
I am also planning to explore spotify :)
Digital world is too big if we wanna do onboarding using web2
Nicely written ma'am.
And it is totally true.
Most times we know the effects of a thing but still find ourselves doing that which brings negative effects.
Controlling our impulses is a nice one to maintain our finances.
Thank you very much ma'am for sharing.
I think it is one of the most important aspect of living within one's resources. Often it happens that we end up wasting our money on irrelevant things. When we learn to control our impulses, the chances of such a waste are minimized.
Thanks for stopping by !LADY
View or trade
LOHtokens.@amberkashif, you successfully shared 0.1000 LOH with @jmis101 and you earned 0.1000 LOH as tips. (1/8 calls)
Use !LADY command to share LOH! More details available in this post.
That's true😊
🙂
Parents undoubtedly play a key role and teaching by concrete examples is very valuable. So I think you are doing well.
One of the things that money can offer is peace of mind and support for your own life and for those close to you, at times when it is needed to access indispensable things such as food, health, knowledge and even pleasure. In the latter case, often the best pleasures do not cost money... I think life is not that complex, it is that we ourselves make it complex. In any case, it is a multifaceted issue. Best regards!
Money is indeed important in making life easy and comfortable. Nevertheless, money is not everything. Money can bring food to our table but the attitude to appreciate that food is not brought by money. We need to develop it if we want to be happy.
No doubt, life is multifaceted.
Thanks for stopping by
!LUV
@nanixxx, @amberkashif(1/4) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
You're welcome!
Teaching your kid about the utilization of money, you are doing a great job!
I am trying my level best to teach them what is beneficial.
Thanks for stopping by
I'm happy you told him what he needed to know
I wish I may guide them the best.
Thanks for stopping by