We all wanted the best for our kids. Parents will do anything just to provide what their kid’s need. A good financial status doesn’t start in just a blink of an eye. It is through hard work and dedication that we get compensated fairly or even much higher depending on the kids of work that we have.
Children should be aware of how a certain socioeconomic status is obtained. It is not because their parents are financially stable, they should demand on getting what they want even if it’s not necessary. Most of kids in this generation don’t realize the importance of money. They don’t even know how their parents work hard for it.
Parents will do anything like small business equipment financing or to open a small grocery store to add to their income. Raising a family is not easy as ABC. Raising kids of your own requires different strategies. It is true that you may use what you have learned from your parents but it may not work sometimes. Parents and children have to learn from each other so their relationship will work smoothly.