Recently, I took my children to my mother’s childhood town in the heart of Mississippi. They were enchanted by the stories of her youthful escapades, like dancing on the icebox in her family’s grocery store, and they were also moved by a visit to the small cemetery where our ancestors rest. However, what left the biggest impression on them was the stark poverty we witnessed—dilapidated homes, shuttered businesses, and a lack of basic comforts that they take for granted in our New York City life. Naturally, they began to compare their reality with what they were seeing: Where are the schools? What jobs do people have here? Is there even Minecraft?
For my spouse and me, this trip prompted a deep reflection on the lessons we impart to our children about money—not just the mechanics of saving or budgeting, but the broader significance of money itself. We grappled with what we want them to understand about its role in their lives. Here are some key thoughts we came up with:
- If the choice between a $15 item and a $25 item is an easy one for you, count your blessings.
- Remember, people create wealth; wealth doesn’t define people.
- Money influences behavior, but it’s just one factor among many.
- Nobody likes to be judged based on their financial status, so don’t do it to others.
- Money is relative. What feels like a lot to you may not be to someone else. So, it’s best to avoid casually lamenting about being “broke” if your basic needs are met.
- If you’re ordering drinks, make sure to cover your share. When starting out, always offer to pay your part, especially if you indulge. Be mindful of friends who may consistently order more expensive items; maybe suggest a more affordable venue next time.
- Don’t expect the wealthiest friend to pick up the tab. If they do, that’s a bonus, but never count on it. It can feel uncomfortable to wonder if people only enjoy your company because you foot the bill.
- If something is beyond your budget, just don’t go. Spend a moment feeling disappointed, then move on. If you have friends, a job, and a healthy body, you can find joy elsewhere.
- Never apologize for your financial situation, whether it’s good or bad.
- There will always be someone wealthier and someone less fortunate. What matters is whether you have what you need.
- The simplest payment method is cash. A wise person once reminded me of this truth. Sometimes, cash transactions are straightforward, unlike the emotional complexities tied to relationships and finances.
- Few things in life come without a cost. If a friend offers you legal help for free, it may create unspoken expectations or emotional debts. Always evaluate the hidden costs of seemingly free favors.
- If you reach a point where you can afford everything, that’s wonderful. But always remember where you came from; the skills and humility from hard times will guide you in the future.
Yes, even if it means saying goodbye to Minecraft.
In summary, these lessons about money extend far beyond mere numbers. They encompass values, relationships, and a mindset that can shape how my children navigate their financial futures. For further insights on family planning and home insemination, check out this resource on intra-cervical insemination. If you’re interested in home insemination kits, Make a Mom offers valuable information. Additionally, the NHS provides excellent resources on pregnancy and home insemination.