I'm not a parent - but I am a mentor.
Tailoring to the student but also the era is important - I'm a firm believer no set teaching method works for all; not only is every individual complex and different, the things I was taught by my mentors no longer apply as the world has changed due to the many disruptions.
For instance when I was young I was told to go to the shop to get a lolly and given 5 cents. IF I was lucky I would find a glass bottle on the way and just turned that 5 cents into 15 cents worth of mixed lols... Then I'd physically hand something over and get something in return.
Today kids see their parents swipe a card and don't even handle cash at all - just lols magically appear not handing over anything.
-If I had kids I couldn't send them to the shop with a bottle to learn the value of money, but I sure ain't going to give them a credit card that they might demand!..I would need to find a different way to teach the lesson.
Tailoring mentoring/parenting techniques to the individual and the times to teach the right underlining lesson is more important then method -- I'm a firm believer in teaching values and equipping people to be adaptable, resilient and largely experiment themselves with kind direction - where the risk is low, even allow them to fail :)
Times certainly have changed. Not having that physical representative of money makes it so much harder to not over spend, too. Then when it's a credit card then I guess its even easier to justify adding just a little bit more to the debt. We're moving into a world of virtual when many are physical learners who can struggle to convert the idea into reality.
We have dangerous roads with fast moving cars and no longer live in communities where we know everyone, so we fear harm coming to our children from unknown people. A certain amount of helicopter parenting is needed in a world like that.
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