Before answering our main question “How Can Financial Issues Affect Parenting?” we must understand few points.
First, money is not everything but it is the most important part of our lives. When we are young, we do not care about having less or no money at all. Our lives are nothing but playing, education, and friends. As time passes and we grow old, we come to realize that finance plays a vital role in our lives and raising a family.
How Can Financial Issues Affect Parenting?
Realistically speaking, life doesn’t always go as planned, and challenges along the way hinder and make things more difficult. Financial issues can affect parenting and other conditions that tend to be associated take a cost on parenting and impact their parenting style.
Effects of Financial Issues on Parents
Every parent around the world, regardless of their financial status, wants to provide the best to their children. But it is also a fact that parents who struggle with their finance and make just their ends meet will up bring their children differently from other parents who are well off.
Emotional Effect on Parents
It makes it difficult for them to provide everything that a parent can dream of for their children. They are always struggling to cover just the basics, such as food, shelter, and clothing, medicine, a good education. Parents take this very hard on themselves when they are unable to provide with the best or what they had a dream for their children.
There is always more risk of domestic violence where families are struggling to meet their financial needs. According to a study, families with less income are at more risk of domestic violence, and poverty acts as a fuel factor in these situations.
Effects of Financial Issues on Children
Children are very sensitive. They have a unique inborn quality of learning and absorbing a lot just from living and analyzing from the environment they are living in. They can tell when things are going wrong. Children who grow up in families where parents fret about debt grow up with a closely similar attitude.
Children Raised in Domestic Violence Environment
It directly affects a child up bring and personality. Studies indicate that children raised in a domestic violence environment could lose the ability to feel empathy for others.
Sense of Deprivation
Nowadays, children are very clever but they still are innocent and do not understand the harsh realities of the grownup world. They feel deprived when they see the other children from well-off families within their relatives, neighborhood, and school.
Children growing in poverty will not have the same amount of growth as compared to someone who is from a well of family.
Excessive Finances may lead to Spoiled Child
When parents are too busy with their business life, they are unable to give proper time to their children. Again, just financial means are not the only ingredient required for raising a child. The child in such an environment may get spoiled.
The ultimate goal is Good Parenting for every parent. From above, we can easily understand “How can financial issues affect parenting” regardless if they are rich or poor. Parents should try to up bring their children in a balanced environment so that do not feel deprived or too spoiled. Parents with low income can overcome the deprivation by giving more time to their children and cover their emotional needs.