Yeah, totally agree. Kids pick up a lot just by watching their parents. If they see good money habits, they’re way more likely to do the same.
And the parents need to grow them with guidance with how to handle money properly.
It's a fact that financial education really starts with how the parents engage with their children and show them on how to take care with hard earned money.
Because if they're going to spoil them a lot, that's not fine but with some spoiling it's totally fine IMO but with limits still.
Parents guidance is another aspect that helps in patterning the life of kids very well. Their are some parents who have good financial management, their is a way you handle your kids that can affect ther life so bad, by gifting them everything they ask. At the early stage of every child the parents have a very huge role to play by controlling their urge for the things they want because sometimes when parents provides everything the child's needs, you may think you are doing the right thing for the child but not knowing you are spoiling the child.
When parents are able to train a child well at the early stage of age, at a time they can easily learn by just watching the lifestyle of their parents, so parents have a role to play for children to adopt their lifestyle.