Wait You Don’t Believe in Spanking? How to Raise Modern Kids?
Table of Contents
Raising Modern kids can be tricky
This Financial Griot podcast episode is based on the New York Times Opinion, “I grew up poor. How Am I supposed to Raise My Middle-Class Kids?”
In the advent of the internet and social media, it seems that kids are spending less time being kids and more time plugged into social media. From video games to Netflix, most parents are opting out of old disciplinary techniques to include corporal punishment, spanking and the likes.
There are more effective ways. However, after thousands of years, we will haven’t figured out the right way. why?
Every parent is unique. And, by proxy every child is unique in their way of interacting with their environment and navigating their own development.
I took a couple hits and I turned out OK?
No, not Ok!
Most adults are still struggling with childhood trauma. The line between discipline and abuse tended to be blurred. Unfortunately, we are now left wondering was there one hit too many. Some kids develop financial trauma response spending. Basically in attempt to mask depression or buying their own version of love.
Some can become spiteful at their own existence and refuse to participate in society.
Parenting can be complicated financially, here’s a better Financial Plan.
Nearly two-thirds of parents report financial difficulties associated, while a majority experience stress about their finances. The sticker shock of paying for childcare and other new expenses or saving for children’s education while also trying to build retirement savings, leaves many households compromised. This tends to add undue stress in parent-kid relationship.
And the spending doesn’t end when children leave.
Parents continue to serve as the “family bank,” with 79% providing financial support to their adult children.
Bonus read, check out 11 Financial Moves Every New Parent Should Make which include but not limited to:
- Add your child to your health insurance plan and Adjust your HSA contributions
- Buy term life insurance and Consider long-term disability insurance
- Create a will & name beneficiaries on your accounts
- Create a household budget
- Build an emergency fund and Save for your own retirement
In raising kids, can you make a mistake? And, How does this affect us financially?
Unfortunately, you can make a ton of mistakes when raising kids. Most of them can end up irrevocable when it comes to long term trust and understanding. Here are some basic tips:
- Be Warm, Responsive, Consistent and Accepting.
- Recognize that you aren’t the sole authority of the universe.
- Understand that you can also make mistakes and we are all learning as we go.
- Master and Teach Emotional and Energy Regulation.
- Show them how to Practice Decision Making.
- Keep Challenging Them to be Smarter, Faster, more Spiritually Balanced and Stronger than they were yesterday.
- Accept and Acknowledge your own Limitations.
- Try Not to Use Reward And Punishment or levy past grievances unto new ones.
- Be Firm, Fair and Unbias. And, be on the same time as the other parent, and
- Avoid Parenting Myths.
Childhood guidance can groom better financial decisions in the long run or can ruin families. Just remember that your kids also need more from you than discipline. It’s a tough job.
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