Rethinking 'Can't Afford It': Teaching Kids Healthy Money Habits
Update: 2025-12-09
Description
We cant afford it may not be the best response when children ask for expensive items. A financial psychologist suggests this phrase can create negative financial mindsets. Instead, parents should use these moments as teaching opportunities, explaining why certain expenses arent in the budget and sharing their financial priorities. This approach helps children understand the value of delayed gratification and thoughtful financial decisions, fostering a healthier relationship with money.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
