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.