If you don’t want to raise entitled kids, you must take some pro-active steps!
Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless. Ecclesiastes 5:10.
Do you feel as if your kids or their friends have an attitude of entitlement?
If so, it’s most likely because you’ve let them drift into that mindset. Maybe it wasn’t intentional, but it’s time for parents to buck up and take some of the blame on this. You can curb the entitlement attitude and teach your kids to not fall in love with money with these strategies:
- Talk about money. Teach them the value of a bargain. I love that my 20-something daughters are excited about finding a good bargain! Allowance is a great way to teach kids to be responsible with their money. If your daughter wants a pair of Lucky Jeans, tell her you’ll pay for a no-name brand and if she wants the Lucky pair, she can pay the difference. Don’t let them think that “money grows on trees” or that you are M.O.M.: Made of Money.
- Stress gratitude and giving in your home. This not only involves you teaching your child to say please and thank you, it includes you giving them living opportunities to see that they really do have something to be grateful for. Let them serve the homeless or go on a family missions trip. Make their world bigger than their tiny part of suburbia.
- Help them learn to manage their money. Talk to them about the three S’s of money management: saving, sharing and spending.
It’s okay to say No to your child. He doesn’t need every new toy or article of clothing that he thinks he does. Teach your children to distinguish early on between needs and wants and remind yourself as a parent that getting more STUFF doesn’t build character. It only creates in your child a dependance on buying things to make them feel good.
If you need guidance or help with parenting issues, please email me at email@example.com. I am a life coach with 29 years of parenting experience and I would love to help you with the challenges you are facing.