Psychologists explain why parents should not say ‘we cannot afford it’ to kids. Parenting lessons on how to teach money's value to kids

Many parents use the phrase "We can't afford it" to turn down their children's requests, but psychologists say it may create unnecessary anxiety or confusion. Experts from the American Psychological Association explain why choosing different words, involving children in simple money discussions and teaching saving habits can help build healthier financial attitudes from an early age.

Raccontata daeconomictimes.indiatimes.com