The short answer is they will.
Eventually
But until they learn how to work hard for something and to be responsible for taking care of things they won’t. But this can all be taught.
We try to show them exactly how to behave and how to spend. They may not always listen but it’s always going to be with them and as they get older I see a lot of our teachings coming out. They know what’s right. For sure. They lived it for years, by example.
Spending and saving is such a big lesson that, as parents, even if you don’t struggle you have to consistently teach kids what to do. What happens if their world falls apart and they have no coping or financial skills to fall back on? I get off budget from time to time but I know how to reign myself in very quickly and where and how to save money. And we talk openly about it at the dinner table as a family!
The kids in this house learn the same. It’s a skill that’s so valuable. No pun intended. So we don’t spend a lot on their first car. You can spend $2k or $10k and still have it break down, hit in the school parking lot etc. We attempt to find a car that seems taken care of mechanically and then clean it up. Then they have something to take care of. Something to appreciate the day they save their own money and buy their first nice car. And they pay their own insurance so they DON’T want an expensive car.
And then maintenance is yet another thing we teach them. How to change your own tire, your own oil. Our 23 year old replaced the window motor to his car the other day. Our 26 year can fix almost anything. They learned by watching us fix and do things on our own and knowing what their limits are. They both extremely handy!
Don’t be afraid to teach your kids everyday skills. It’s not the schools job. They can only do so much in the time they’re given. If you don’t know these things maybe find someone who needs some help but is willing to teach your kid a new skill.
#teachakidtofish #moneysavingtips #parentingishardwork #teachbyexample #stopoverspending #teachkidsselfsufficiency #teachkidsresponsibility #teachkidsrespect #teachkidsmoney