Does how a person's parents handled money determine how the person would also handle money?

[Kross]

I just heard this one recently. They said that how a person's parents handled money has a direct influence on how the person would handle money.

Do you think that is true? Any chance that you inherited the spending habits of your parents?

 

[gwolf666]

Hi, I think there's a lot of truth to that idea. The way our parents handle money definitely influences our financial perceptions and habits. From a young age, we learn by observing, and if our parents are thrifty, we generally adopt that same mindset. On the other hand, if we come from a home where uncontrolled spending was common, we're likely to develop similar habits as well. Personally, I believe we inherit not only behaviors but also attitudes toward money. However, I also believe that over time we can learn and change those habits, since not everything is predetermined. In my case, I recognize that some of my spending habits come from my family, but I try to be more mindful and learn to manage my finances better. Ultimately, family influence is strong, but it doesn't completely determine our financial destiny.

 

[Kera]

I really do believe that children take the money habits of the parents by default. They can decide to change though later.

 

[eLdavis]

Yes the habits of the parents might have some influence on the kids but at the end of the day, it's their choice to choose.

 

[Kross]

At the initial stages, how a person's parents handled money would come to play in a person's life. But that habit if not favorable to the person is quite easy to let go.

 

[neku]

It depends on the relationship between the children and their parents, some children are close, while others may not be close because of disputes and differences.

 

[King Belieal]

I had a mom that was extravagant and a dad that was very frugal. And I actually took my money management technique from the two of them. That's why I am balanced between frugality and extravagance.

 

[Augusta]

Many of our habits and attitudes about money were formed through our parents' guidance. Yes to sn extent it can.

 

[Springtime]

Children may be influenced by their parents' spending habits. But when they grow older, they have their way of managing finance.

 

[King Belieal]

I always believe that finances is one thing that people learn more from experiences they have had. Parental influence is not so much in that regard.

 

[King Belieal]

I always believe that finances is one thing that people learn more from experiences they have had. Parental influence is not so much in that regard.

 

[Nomad]

No. While parents spending habits might influence kids, a lot of people have their own approach on how to spend money. They learn through education and experience.

 

[Trush Jodie]

I have seen people that are actually handling money the same way their parents did. They have found it hard to let go of the money habits they picked from growing up.

 

[Augusta]

Yeah right some children do copy what they see their parents do. It is just copying it isn't automatic