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Did My Parents Teach Me Right?

April 12th, 2012

I grew up as a Missouri farm kid. There wasn’t much money but lots of chores – both inside and outside the home – and certainly no allowance. I had a piggy bank for small savings. And yes, my dad gave me a dollar for each “A” on a report card.

Did my parents teach me the right things about money? As an adult do I have a healthy relationship with money? Did I teach my daughters what they needed to know about money?

These are pretty weighty questions and ones that can cause a little guilt. So I was excited to hear the experts share the research results and their interpretations. The bad news is that the research isn’t conclusive and the good news is that the research isn’t conclusive. I also heard the experts share differing opinions. Whew – don’t need to feel guilty.

What I did learn is that parents don’t have to try to do everything a particular way. Many everyday mundane tasks involve money. Children learn from how they see their parents handle the family funds.  We are back to that role model concept that keeps coming up on most any topic.

So let me give you some questions to ponder.

  • What are you teaching when you pay for items with a credit card?
  • What are you teaching when you balance a check book or reconcile a bank account online?
  • What are you teaching when you give to your church or a local community project?
  • What are you teaching when you save for a new computer or flat screen TV?
  • What are you teaching when you complain about paying bills?

The list could go on and on. I just wanted to get you thinking about how what you do is always teaching. Anyone want to share a good story about a time when you taught your child a lesson about money by your behavior?

Donna Donald

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