Such a great post. I never thought I was a people pleaser but reading the part about 'going the extra mile because of fear of rejection' made me think again... being a people pleaser can show up in different ways than just trying to fit in. I will think more about that.
I also wanted to share a perspective on the concept that 'money relationships are set by age of 7'. As a mother of a 5 and 2 year old, statements like these make me dig to find the original research. I'm in constant 'I don't want to f*ck up my kids' mode which is arguably an entire area of mental health research. When I found the original research, I read it as (roughly): children do not have a formal ability to understand financial concepts before the age of 7 (i.e. they can't understand currency and ETFs) but they do have the ability to form good habits that will allow them to better manage finances in the future. These include habits of delayed gratification, working towards the concept of a 'future-self', etc. It sounds to me the research is saying, don't create a school financial curriculum for that age but rather focus on teaching through practice at home. I could not find anywhere in the original research that those habits are set by that age, but rather that's the point where formal financial concepts can actually be understood. I guess for the parents out there with children older than 7, it is a relief to know it's not too late. Would love to hear your thoughts.
Such a great post. I never thought I was a people pleaser but reading the part about 'going the extra mile because of fear of rejection' made me think again... being a people pleaser can show up in different ways than just trying to fit in. I will think more about that.
I also wanted to share a perspective on the concept that 'money relationships are set by age of 7'. As a mother of a 5 and 2 year old, statements like these make me dig to find the original research. I'm in constant 'I don't want to f*ck up my kids' mode which is arguably an entire area of mental health research. When I found the original research, I read it as (roughly): children do not have a formal ability to understand financial concepts before the age of 7 (i.e. they can't understand currency and ETFs) but they do have the ability to form good habits that will allow them to better manage finances in the future. These include habits of delayed gratification, working towards the concept of a 'future-self', etc. It sounds to me the research is saying, don't create a school financial curriculum for that age but rather focus on teaching through practice at home. I could not find anywhere in the original research that those habits are set by that age, but rather that's the point where formal financial concepts can actually be understood. I guess for the parents out there with children older than 7, it is a relief to know it's not too late. Would love to hear your thoughts.
Here's the original research (it took me too long to find it): https://webarchive.nationalarchives.gov.uk/ukgwa/20230827065101mp_/https://maps.org.uk/wp-content/uploads/2021/03/the-money-advice-service-habit-formation-and-learning-in-young-children-may-2013.pdf