AIM #2 AMJ 2017 | Page 2

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.