“I feel terrible about not being able to buy my kids what their friends have. But I can’t afford to buy them new ipods and shoes right now.”
Your value as a parent lies in what you communicate to your children and the values that you convey, not in what you purchase for them. You are not doing your kids any favors by buying them everything that they want or that their friends have. You are doing them a favor by not doing so and explaining to them why not.
Even when parents can afford things, they are giving more to their kids by NOT teaching them to feel entitled to have everything they want. Learning delayed gratification and planning for the future are valuable gifts that will go a long way in encouraging capability and independence.
“Right now we need to save money for the mortgage, emergencies, retirement, and your college.”
“It’s important to have money put away to ensure that we will survive another potential downturn. Twenty dollars here, a hundred dollars there, add up surprisingly fast.”
It’s all in your attitude that says they’ll be fine without the new merchandise. If you don’t show anxiety about their wanting things or about their being “without,” then they will learn to live more comfortably with desiring things and not having them right away.
You can also suggest to them that they can save up for what they want themselves. If children learn both to wait and to work for what they want, they will end up appreciating the items more, or they will lose interest in acquiring them all together.
by Alison Poulsen, PhD