Your Kid and Money – How not to Raise a Spoilt Child: A Conversation With Ron Lieber

"Well, if we break money down to its simplest components, right? And how we handle it, what do we do with our money. We really do 3 things right. We spend it. we save it, we give it away. And if you think about what actually goes into the decisions around each of those you know. They're all about emotions and behaviors. spending is about modesty and prudence and thrift, or it's about greed and envy. saving is about delayed gratification. Patience. giving is generosity. It's a sense of gratitude.  So it's easy to think about this as a sort of you know, hard mathematical science, but I prefer to think of it as a social science. Money is about behavior as much as it is about numbers and math." "Your Money" Columnist, The New York Times Education/Degree BA, American Studies, Amherst College