Need
a great holiday gift? We're giving away "Parenting the QBQ
Way" books on our blog!
Five copies signed by both authors!
Friday, Dec. 13th @ 3:15 pm Eastern
time.
The winter of 1970 in
Ithaca, N.Y. provided perfect conditions for bombing around on our
now vintage-looking Fox Trac snowmobile. Thus, the
11-year-old competent, confident, and cute commander of this carriage
needed the proper winter attire.
So my mom (riding in the
cart with my brother) and I went shopping for a “snowsuit.” Much to my
dismay, we found one. Yes, the hideous thing you see me wearing in the
picture.
Really,
Mom!? Neon yellow!? Can’t I get one in a man's
color like black, Navy blue, or rich chocolate brown!?
All my pleading for
anything-but-yellow fell on deaf—but
wise—ears. We came home with my new “banana suit” and, like
it was yesterday, I remember why Mom chose it:
It was on sale.
Said another way, Mary
Miller spent hard-earned income on that suit because
Mary Miller could afford that suit. How retro.
You see ...
I didn’t “deserve” the color of my
choice, nor was I entitled to an “upgrade” the next season. I wore the neon yellow banana snowsuit till
I outgrew it.
In Parenting
the QBQ Way, my wife, co-author, and money management
partner, Karen, and I ask the reader, do you agree or disagree with the
following statements?
·
Every child on an athletic team should receive a trophy.
·
Children must have the newest version of all things
electronic.
·
Thirteen-year-olds deserve limos for their birthday
parties.
·
Cell phones are not a privilege, they are a right.
After reading the above
we suspect most parents would respond with, “Right! I don’t agree at
all!” Excellent. But accountable parents should also ponder these five
introspective questions:
“Am I instilling
thoughts and beliefs like these into my child?”
“Have I created
kids who suffer from unhealthy entitlement thinking?”
“In
what ways have I become entitled and
am modeling it for my child?”
“Have I bought
into the ‘I deserve an upgrade’ lie?”
“In
any way have I fallen into the
trap of buying it now even though I don’t
have the money now?”
(Jump to this piece to see the money traps Karen and I
fell into “back in the day”: Personal Accountability and Money)
Forty-four years ago, my
mom modeled sound money-handling practices for me when she bought that
totally-functional-truly-kept-me-warm-and-dry-awful-color suit. By no
means was it groovy, but it got the job done.
One more time: It
got the job done.
And by purchasing
it, she got her financial management job done—while teaching her
"tween" (long before anyone knew tweens existed!)
an invaluable lesson:
I
am not entitled to everything I want.
Now that was a lesson worth
learning!
Questions:
During this holiday season, what financial lesson(s) are
you striving to teach your kids? Choose one of the 5 introspective
questions above and share your answer. Comment here!
JOIN US at QBQ.COM for a GIVE-AWAY of 5
"Parenting
the QBQ Way" AUTOGRAPHED BOOKS!
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to this email. Click the box below!
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