which its true that our children would easily mimic and follow out on what we are doing.Considering that you dont have any problems when it comes to finances then doing things is much more simpler.
We know that having more money or financially capable could almost do everything on what they do really have in mind.
In all means our children will follow the footsteps of the parents. By the time it is our responsibility to lead them in the right path. Such a mentality should never arise within a child. Financially free could end up in danger, so it is always good to teach them (make them understand how parents are struggling to make money). This will make the children spend responsibly and know their limits.
We need to teach our children how to value things and how money is a purchasing power, the thing is.
Most children live to walk in the path of their parents and gambling and financial management must be properly and thoroughly thought through before exposing our kids to them, for this kid to have wasted such huge sums of money on gambling and women one night.
The truth is that some parents don't even know how to handle money , it becomes problem to children because no good up bringing. Most parents nothing on how to manage money, they spend anyhow, you don't expect children to do better.