We constantly live in the world of trade-offs. Whether the path number 1 is correct or the path number 2 is correct, is always the question. The life we live is better or the life others live is better is always the case.
And in such a trade-off we choose the path which the masses follow, in turn living their life. We never give it a thought and consider both the cases standing at the middle point of both.
One such trade-off is whether to live lavishly or to be subtle. There are myriad cases surrounding us which show both the facets of this trade-off, but we often choose the lavish lifestyle because we consider that’s the current trend and it’s cool to live lavishly.
There are two pre-cursors to living a lavish life style.
- Either you have inherited large sum of money and you don’t mind spending it, or
- You have hard earned (easy money can also be considered, but for keeping the discussion on sane level, I am not including the easy money in this case) money and want to live lavishly.
Now here I need to describe what I mean by lavish lifestyle. This lavishness is not in its entirety but considers only one aspect of providing extravagant things/items to the kids.
- Providing children (under aged) vehicles, high end gadgets, extravagant items.
- Providing kids money (as pocket money, which is a good thing) but not keeping the outgoing in check. Parents need to ask their children where and why they have spent the money.
I think providing your kids with the things they demand instantaneously is a crime. Yes, it is a crime. You should teach them the waiting game. They demand and you provide won’t work for long. Because in that case, their expectations from you keep on increasing and you keep on doing the exact things you shouldn’t be. If they get things at the moment it comes out of their mouth, they lose the value. Forget about losing the value, they don’t even understand the value of money.
They think, if you can afford to provide me with high end gadget, which kids of his age in general don’t have, buying gadgets is pretty simple task for you. But what they don’t understand is the hard work you put behind earning the money to buy them the gadgets.
It’s a trade off.
I think, living subtly gives you more options. It allows you to fulfill the wishes of your children and at the same time teach them the importance of money. This will teach them the value for money. Let the kid ask you for a wrist watch, tell him you will buy it for him. But don’t buy it at the exact moment. Let him/her wait for some months/days and then buy the watch for them. They will be happy to see the surprise package from you.
One thing to consider here is, if you buy them goods instantaneously they might feel happier about it. But trust me; in the long run the happiness which kids get when they finally get the item after a little wait is long lasting and worth than the happiness they might get when they receive goods instantaneously.
So live subtly at least for your children, for them to understand the importance of money and keep them buoying instead of either flying or getting submerged.