Monetary Issues Between Parents And Children

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"Money is Power!" Just imagine this ever quoted statement affecting the most sacred relationship in a society. Yes! The evil hands of monetary effects are shaking the serene bond between parents and children on these days. Many families fall apart and witness the unimaginable crime for the power of money. Let your family not be a war ground on the basis of money and understand the reasons behind monetary issues between parents and children.

The first issues regarding finance creep into most of the families while the child enters to adolescence. He /she may want money to show off, hang out with friends or to venture new realms of life. Parents may concise to the need at an initial stage and the problem arises when the child is denied of money at any instance. Some parents completely deny financial access to children by controlling or providing only the necessary things to them. At many instances parents may be unable to meet the huge monetary needs of their teenage children and have to face negative reactions.

The second stage of monetary issues arises when the parents get old. There is not a single parent in the world who may not wish to receive financial help from their grown up children at least in small amount. The financial need may be to satisfy their compassionate needs, medical needs or any other serious monetary issues. They will be drawn into misery when their children may not consider their needs. In some worst cases they may even have to witness their children fight for their share of properties.

The first step to prevent these calamities on the basis of money must come from the parents' side. They can update their children about their actual financial status from childhood. At the same time they can also inform the kids how they have struggled to achieve the money, instilled honesty in their works, over thought about their unnecessary expenditures and expect their children to live in a better manner through interesting instances of life.

Parents must never pamper their children by providing money at all instances. At the same time they should not deny complete financial access to the children. It is always better if parents can communicate with children and understand their financial needs. Parents must also guide the children to manage the money that will serve them beneficiary in a future stage.

The parents must make the children aware of self-sufficiency and help them to achieve their goals. At the same time they must be vigilant to save their money for themselves to the old age and never to burden their children with monetary crisis.

Teenage children may be immature to control their anger during the financial quarrels. However they have to think over their financial needs again as they have to do for everything on their age. On a grown up stage children must make it a custom to enquire about their parents' financial comforts. Even though they cannot pay back whatever their parents had provided to them; they can ensure the financial safety of their parents. They can also avoid the fight for their ancestral property and make their brothers/sisters understand the need of harmony beyond financial comfort.

Let your family be not a battlefield due to the monetary issues between parents and children. Understand familial needs over financial needs to keep the sacred bond of parents and children alive.