“Over-parenting or fostering dependence, as she describes bailout behavior, has the potential to undermine children’s personal confidence and robs them of the grit they’ll need to succeed in the real world, after they’ve left the safe bubble of home.”
I will tell you, I never remember my parents bringing something I forgot to school. They were at work, at one point in elementary school my mom was teaching at my very school. She was not going to leave to bring something I forgot. As my dad would have told me: “Tough luck.” He was not going to go out of his way to take care of things that were mine to remember. That was my responsibility. He never thought of it as “letting me fail.” He just knew I would learn the hard way to remember — whatever the consequences of my choices.
How did you learn about money? Did you learn in college when a credit card company sold you on all the benefits, and then you maxed it out not really knowing the repercussions? Did your parents teach you? Did you learn in school?
We can only truly take ownership of our money when it truly belongs to us. I remember when I was nine years old I had a paper route. I would usually keep some of my earnings and would give some to my parents to put into my savings account. My tips usually were my “candy fund” where I would ride my bike on a path that had been worn by the neighborhood kids to the Village Pantry. There I would select something or many things depending on how much money was in my pocket. There was rarely candy in our house, and occasionally we had some at my grandma’s house. So for me, candy was a treat. It was something special.
I truly believed the money I made on my paper route was my money. I worked hard for it. It was my choice to buy the candy. It was not my choice to never receive my money that I was told was put into savings. I have no idea now how much money I never saw. I trusted my parents to put it in my account, never knowing that was not happening. Which is why I loved reading the book: “The First National Bank of Dad: The Best Way to Teach Kids About Money” by David Owen. He talks about how he teaches his children about money. He sets up his own bank and a version of the stock market from his house. One idea he shared was about how kids have to know that the money belongs to them. If they know that, they will make different choices about money.
“My children’s accounts belonged to them alone. When they saved, they reaped the benefit; when they wanted to spend, they didn’t need permission. If my son decided to withdraw twenty dollars, I didn’t ask him why he needed the money—just as my bank doesn’t ask me. What he did with the cash was his business, as long as his balance was sufficient to cover his withdrawal. Why do kids need to control money of their own? Because if the money they spend money of their own? Because if the money they spend isn’t truly theirs, they have no compelling reason to pay attention to how they spend it.” Page 41
An interesting idea. I do remember having a savings account ledger and looking at it from time to time. I was more of a saver. I liked watching it grow and knowing I was working hard as the money accumulated. With the exception of my Village Pantry runs, I really did not spend that much of my money. Although I will never know how much never made it to The First National Bank of Tami. Alas. Live and learn. I will be teaching my kid(s) to take ownership of their money, and to know how to track what they take out and what they are earning. And, no, I will not steal a penny from them. If you have kids, I definitely recommend reading Owen’s book.
The sensational news these past few days. We go between the struggles of watching the earthquake in Nepal, to riots in Baltimore. I said to Chris while we were eating dinner last night that I feel like I am in the early 1960’s. Why is there so much struggle with race, color, and violence? Such different issues in different parts of the world. In Nepal they did not ask for an earthquake and yet look at how the world is coming together (as often happens with natural disasters)? I received a notice from my company to donate, Facebook reminds me, there are mentions all over social media to donate and support the victims of this massive earthquake. We donate because we care. We donate because we know one day we could be in a similar situation. We donate because that is what we do — we take care of others.
Why then do we then see the juxtaposition of rioting, looting, fires — a war zone in Baltimore? How is it that we can see such generosity and such anger? Both situations have a result of pain, but different triggers of that pain. I am not going to even give my opinion one way or other as to the situation that occurred to cause this anguish. I had not actually followed what happened. What sparks my interest are the actions of those that are reacting. How is that living a non-violent approach? The police officers in the earlier incident could have very much been in the wrong, and it could also be a misunderstanding. It makes no sense to me that the result is that individuals feel they can damage liquor stores, throw bricks at cops, and burn and destroy public property. It completely diverts from the actual original issue. Others no longer see what actually happened. The issue is lost because all the people can see (my view completely) is their reaction.
It reminds me of a kid that does not get their way. What do they do? They throw a temper tantrum. They lie on the floor and keep their feet and whine and moan. Sometimes they use violence by kicking their parents or a sibling. Sometimes they might punch a wall, break something, or destroy an object to prove their point. Basically, I watch what is happening in Baltimore and what was happening in Missouri and I think stop it all. Stop acting like children. Stop with the news frenzied temper tantrums. Grow up, use your words, and make change in other meaningful ways. Ways that have a lasting effect.
We all have those days when we want to pitch a fit, but deep down we never want to steal, destroy, or hurt someone else. We want to be seen and heard. The individuals in Baltimore may be acting out because they feel an injustice has been done. They want to be seen and heard. Yet, there is a part of me that feels they do it because they can. They do it so they can try to prove a point, but in turn they lose a lot of credibility. In the words of many parents, I just want to yell: “Use your words.” We have got to stop this violence and instead put our focus on Nepal and other areas of the world that truly need our help.
My sister shared this article yesterday and I had to share here. Maybe the topic is close to my thought as I listen to what my sister and friends have to go through to ensure their newborn, infants, or toddlers receive quality, educational, and appropriate care while they work to support (or share in the support) their families. Depending on what city you live in, for some cities (especially larger ones) that requires both parents to work in order to pay their bills. And, that can even be before having children. Once you add children into the mix, costs only increase exponentially.
The article she shared: “What Stalled the Gender Revolution? Child Care That Costs More Than College Tuition” discusses the cost of child care. It can range anywhere from $1200 a month to $2100 a month. Childcare can be similar or twice as much of some families mortgages, and that can be for one child. If you have two or more young children it can increase even more. How do these families make it work? How about families that are lower-income and do not make enough to cover their bills and childcare?
It reminds me of my recent blog post: “We are in last place” that discusses maternity benefits in the United States compared to other countries. Do we at all value women, mothers, and the place of families? We give little to no “time off” to bring the little one into the world, and then when a woman decides to go back to work, or has no choice, the costs can be mind-boggling.
Please read the above article. It is well written on the conversation that needs to happen on affordable childcare. I know I was in the dark on the topic, and only when it impacted people close to me did I better understand the depth of the need.
We’ve lived in our house for almost two years and yet we didn’t really know some nearby neighbors that we had wanted to know for a while. We hadn’t really gone out of our way to get to know them better. However a few weekends ago, we had a “neighborhood crawl” where a few couples got together and had drinks and food and hopped from house to house. I got to know our neighbors better and now feel like I wasted two years of my life where it would have been fun to have known them.
How often in life do we go through our normal routine and not take the moments out of our days to reach out to others? Do we resist the urge because it might feel like more work? Do we resist because we think the effort or energy will not be reciprocated? None of these thoughts ever crossed my mind about our neighbors, life is sometimes just too full and crazy. Our life needs to change and we need to make more room for more neighbors, friends, and community.
This recent “Daily Om” titled: “Links that Last” discusses meaningful connections and it was a topic we discussed with my sister over this past weekend. The idea of community, friendship, and forging bonds that matter to us in our life. It is interesting to think about how your mind shifts from professional life, to family life, to community in differing ways depending on where you are at in life. We are at a place where we want to live a more balanced life, with children (or one child) plus neighborhood children running around. I remember the kids I played with when I was a kid and I also remember how much I craved living in a neighborhood with more children my age. We live in a great neighborhood for kids, and for neighborhood friendships.
Here is to future opportunities and meaningful connections.