I don't have kids so it's not much of an issue for me however I feel it's a big issue generally in a world so intent on spending, much of it on credit.
Parents with no financial grounding of their own are passing on bad habits to their kids and it'll not go so well.
I learned a lot from my parents who didn't have much money so had to do things carefully and I can recall many (overheard) conversations about how they will feed us from a young age. That taught me a lot, and I have been fortunate to have self-educated (some through abject failure) to be where I am now I guess. I've made some errors, had credit debt and all, but learned how to save, invest and be lavish or frugal when needed. Now...no debt and I never buy on credit. The biggest and most important thing I gained was a need over want ethos and the practice of making things last, caring for the things I have and respecting the effort required to make the money I have, so thinking about where it goes.
That all started when I was a kid. Rarely having anything bought new and knowing what I had may not be replaced if I broke it. I also learned to find happiness in experiences not things and the ability to enjoy life without needing to support it with fancy, expensive or many things at all. I work hard for what I have, and have a lot of nice things, but that need over want ethos is (almost) always adhered to.
So, yep I think parents play a pivotal role in financial grounding with their kids and bad examples will perpetuate bad actions.
Sorry, long-ass fucken reply, I tried to be concise.
Thank goodness you tried to be concise!:)
I'm much the same. I don't have debt or buy on credit and I don't put much store in acquiring stuff
I have very little in the way of possessions and yet have everything I need.
Experiences are better than stuff.
I can't argue with that!