Quote from: ovcijisir on April 29, 2025, 08:54:53 PM

I would use both strategies so they learn to budget in times of abundance and save in times of scarcity.

In my opinion, both are equally important skills, specially in today's times when we can't predict what will the future bring.

Agreed, only training them with one strategy isn't going to help them in the future because times are now getting rough as the economy is getting harder to be predicated accurately in all parts of the world and not only in one country. As a parent we're supposed to know when we'll give our children enough money to teach them how to manage money properly and also when to not give them enough money so that they can learn to manage what they have.

In life this is also how it works because sometimes you'll have abundance of wealth and other times, things will get so difficult for you that you won't be able to give yourself a healthy meal. Without learning how to survive in both conditions, you'll find it difficult to life a comfortable life. When their is abundance, you invest for the future and when there isn't,you cut down on your expenses.