Effects and consequencesOverspendingParents towards their children
Parents have many responsibilities, but teaching children proper values and morals is very important. Although it seems simple, teaching children with the right ethics is one of the hardest jobs for any parent. Because of this, mistakes are often made, many unknowingly.
For example, as a parent, you may want to keep your young child happy all the time and see a smile on their face. Naturally, you want to do everything to make them happy, including buying whatever they want, which is a form of overspending.
Maybe overspending on your child makes them happy, but it can have long-term negative effects. It doesn’t teach humility or responsibility; instead, your habits of overspending can make them greedy and selfish. Spending a lot of money on your child has many consequences, which we will discuss further in this section of Family Plus.SelMagzWe will address these issues.
Makes them greedy
Parents often want to make their children happy by fulfilling all their wishes. Maybe your child asks for a toy, and you give it to them easily. You might think that if you have the money, why not spend it on your child? But this can be very harmful in the long run. Your overspending over time makes your child greedy and dependent on these continuous purchases because they begin to see you as a source of money and become accustomed to getting what they want.
Makes your child selfish
Selfishness often comes with greed. If your child gets everything without even asking, they will become selfish and hate sharing with others. Overdoing it makes your child self-centered and selfish, and they will never learn what humility is.
They don’t learn how to say no
When everything is provided for them and no no is ever said to their requests, you haven’t taught them how to refuse. Normally, if you say no to their wishes, they will try to convince you to say yes. But when parents spoil their children with material things, accepting “no” becomes difficult for them. It’s the parents’ job to teach children how to handle rejection and say no when appropriate.
Leads to anger and frustration
If they are used to getting everything, then not having their wishes fulfilled might make them angry. When they don’t get what they want, they may cry, yell, and act out to bother you. If your overspending habit continues, it will be hard for them to accept not getting what they desire. They may become angry and even embarrass you in front of others—one of the side effects of overspending.
They will not value money
A dangerous effect of overspending on your child is that, from a young age, they will see you as a source of money and won’t understand the real value of money or your worth.
If you are always there to fulfill their wants, they will grow up not appreciating money hard-earned. They won’t understand their place in the world, and eventually, money will have no value for them. In the future, they won’t feel the need to work hard to earn money.
They will never be satisfied or content
Overspending teaches children not to be satisfied. When they realize that getting everything they want is so easy, they will keep asking for more. First, they might want a toy car, and you buy it for them. When they see they can get it easily, they will want something bigger, and so on. As a result, your child will never learn how to be content with small things. This is a dangerous side effect of reckless spending on your child. They will never know when to stop asking or how to feel satisfied after their wishes are fulfilled.
It makes them emotionally insecure
Children who are spoiled often become emotionally insecure. Loneliness, greed, insecurity—these are common in children who are indulged excessively. They grow up without proper emotional stability. A lack of values and principles causes personality problems, and as they get older, this can lead to negative mental deviations.
They become irresponsible
Poor upbringing can make your child inherently irresponsible. They may lack motivation to try for anything because they expect others to fulfill their desires. As a result, they won’t accept responsibility for their wants in the future, which is a consequence of overspending.
They show disrespect
When everything is given to your child, they never understand what it means to be without money. They can’t grasp the reality of being poor or show respect to those who have less. Over time, your child may become someone who judges others by their possessions and disrespects those with fewer resources.
They become dependent on you
Spending on your child with material things makes them dependent on you. For them, you are their main provider, and they can get whatever they want from you. As a result, they never learn the value of earning things through effort. Dependency is one of the worst side effects of overspending on your child.
It affects their personality
Getting used to a life of having everything is very dangerous for a child because overspending can make them feel entitled and believe they deserve everything. When their wishes are ignored, it can increase their anger and lead them to do unacceptable things. For these kids, taking the wrong path is not surprising.
Parenting a child
