Here is a tip for helping your children build healthy, resilience-based paradigms about money:
Replace "We can't afford it."
This phrase, and the belief it expresses, sets up a paradigm of being powerless with regard to money. But if you frame your spending decisions as a choice, you take your power back.
Instead of saying, "We can't afford it," try, "I am not going to choose to spend my money on that today."
Sometimes, you actually can afford it; you simply don't want to spend your hard-earned money on the trivial or useless thing your children is asking you to buy.
If you say, "We can't afford it," you are wasting an opportunity to say something that proactively builds a better paradigm about the relationship between values and money. More on that in a bit ...
Even if you truly cannot afford it, saying that over and over to your children build a disempowered model in their heads of your family relationship with money. It communicates that you are never...