Whether we are aware of this or not, many of the actions of our parents influence how we behave in adulthood. The results of their upbringing can undoubtedly be positive.
However, this is not always the case, especially in those matters that relate to the financial side of life.
This does not mean that we should blame the parents for the fact that they raised us incorrectly, in the end, the time was different, and the financial and economic conditions were completely different.
Nevertheless, we can analyze the situation and understand the source of many of our financial habits. And understanding and acknowledging your mistakes is already the first step towards correction.
Below I will indicate eight key factors that could negatively affect the financial behavior of us in childhood.
If the parents were too thrifty
Your parents were too thrifty, and the reason is not very important – did they want to teach you thriftiness or there really was an urgent need to save, but the result will be the same: because of the excessive savings, you did not receive all that any child wants.
Excessive spending often occurs as a reaction to the fact that a person felt deprived of something in childhood.
In any case, you need to understand that the best decision will be to achieve financial well-being, and for this you need not to spend money on unnecessary things, but rather, save and invest wisely.
If you can’t stop spending unnecessarily, you should at least draw up a financial plan and try to stick to it.
And try not to continue this cycle.
If you have children and financial opportunities, then it is worth pampering them so that in the future they do not repeat your mistakes.
If your parents spoiled you too much
Perhaps your parents themselves were deprived of children's joys, and in response to this, they tried to spend on you everything that they had.
You grew up in abundance and you had nothing to dream about.
The problem is that your income is probably not high enough to get what you want. And this can lead to the fact that you find yourself in debt, which will accumulate, as you acquire the things you need for psychological comfort.
Try to live quite modestly for a while, then to have the necessary money to buy some big things and realize big goals.
If parents do too much charity
Perhaps your parents grew up in a poor family or experienced a trauma associated with poverty, so they spent a lot of time and money on those situations that caused them an emotional response.
It doesn’t matter whether you feel obligated or simply cannot refuse, you are ready to spend money on almost any request for help.
Charity is great, but you need to know the measure and understand how much money you can really spend on these goals without harming yourself and your family.
Don't give in to emotions too often.
It is important that this does not go beyond a certain amount that you can afford.
This budget should include a small reserve for unexpected requests that you can respond to if you want.
In addition, you can make automatic payments for charitable projects that you want to support in the online bank.
Thus, you will always know how much you spent on charity, which will help you better calculate your budget and not go beyond the amount.
If your parents didn’t teach you how to handle money
This is a very common occurrence, especially among those parents who themselves do not have financial literacy.
Sometimes in families there is an unwritten taboo on discussing monetary matters.
Therefore, in many families these issues are not discussed at all, which leads to the fact that the child, even becoming an adult, does not know how to handle money.
You spend too much, you do not know how to save, you do not invest or do not have a financial plan as a whole.
You simply do not have a knowledge base that would allow you to manage your funds wisely and effectively.
It is enough to read special literature or watch webinars on the Internet, fortunately, now information can be found quite easily.
If parents spoke poorly about the financial market
Perhaps your parents lived in very difficult financial conditions, when the country was experiencing a severe economic crisis, which undermined their confidence in the financial system as a whole.
Therefore, they prefer to keep money in the most “reliable” place – at home.
If parents lived in a big way
Perhaps your parents had a difficult childhood, and they tried to compensate themselves for what they had not received in childhood. Perhaps they spent more than they could afford.
The unpleasant results will be that you can also accumulate debts to match your ideas of what your life should be like.
Make yourself live more modestly and spend money only on what is really needed.
This will automatically lead to the fact that you will need to pay all debts, as well as save money.
If your mother depended on her father
It does not matter if the mother was married once or several times, but her husband cared for her, and she did not have to work and worry about money.
This subconscious question leads to the fact that many girls try to avoid work, as subconsciously they expect that someone will come who will take care of them.
In the end, your prince may appear when you show yourself as a model of financial independence and self-sufficiency. In this case, you can become an object for inspiration and imitation of your children.
If parents divorced
Unfortunately, many families are experiencing this situation, and the divorce of parents becomes a psychological trauma for children in many aspects, including the issue of finance.
This is a very correct approach, but in many cases it makes people spend unnecessarily, make expensive purchases and live beyond their means to compensate for their injuries.
And if at the same time you got married early or got married, then the accumulation of debts and the probable subsequent divorce can lead to unpleasant financial consequences for both former spouses.
In addition, try to invest and save so that in case of trouble you have a financial airbag.