From the Editor:
Swapna Mirashi
There are 2 types of responses from parents to their child’s demands;
1. Yes
2. No
Parents knowingly or unknowingly use one type of response more than the
other and gradually that becomes their default response.
Over a period of time, parents’ responses and reasoning behind them
unconsciously shape the child’s financial attitude and play a significant
role in their financial future. One way to consciously help children develop
good financial habits and a healthy attitude to money is by choosing a
third - more open ended response;
3. Ask - why they want it or how they can afford it.
The 3 ‘M’s - Money, Mind and Media are shaping the ‘aims’ of
modern day parenting in a way we cannot imagine.
AIM aims to provide practical insights on the themes defining
today’s culture and influencing parenting, one topic at a time.
In this second issue of AIM, Explore how parents can become effective
money mentors to their children through Pocket Money Training.
Reflect on some significant news and happenings on Money, Mind and
Media, that may provide good starting points for discussions with children
on some important but not-so-comfortable topics.
Finally, AIM is as much yours as it is ours. Connect with us with your
views, your stories, challenges and achievements to enrich AIM. In this
issue, we feature a family redefining children’s birthday gifts and giving
their children a taste of what they are capable of doing and how.