Quote:
Originally Posted by troutman
Can saving be taught? Seems to me people are wired one way or the other. One son hoards his money, the other spends it like a drunken sailor. Same upbringing.
Many will clients tell me the same thing about their adult children.
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Yeah, it's becoming apparent to me that I have far less influence over some of these behaviours in my kids than I'd thought. My kids are quite young, and already there's a dramatic difference in how they treat money. We try to encourage responsibility and discipline. But the one is a hoarder who takes great satisfaction in saving, while the other spends the discretionary portion of his allowance immediately.