All of us with kids want our offspring to develop certain similarities to us. Maybe it’s our taste in food and fashion, our tolerance and compassion, our beliefs and morals. But there may be some signals we’re sending that will not serve our children well.
Do we spend time and money keeping up with or comparing ourselves to our neighbors? Do we whip out the plastic whenever there’s something we want, whether we can afford it or not? Will only the biggest and best vacation destinations do, when we know we should travel more within our budget?
These and other habits could be training our children the wrong way, and setting them up for financial turmoil in the future.
From the Wall Street Cheat Sheet, read more about 5 Bad Financial Habits You May Be Passing On to Your Children.