The truth is somewhere in between.
That phrase comes to mind a lot while parenting. (If you’ve ever sorted out the claims of two bickering children, you know what I mean.)
It also comes to mind when teaching kids about money.
It isn’t just one or the other. It’s about balance, and that theme shines strongly in the Spending chapter from the new book Smart Money Smart Kids. (Why am I reading the new book by Dave Ramsey and his daughter Rachel Cruze? See the first post in this series here.) In fact, I was pleasantly surprised to see the theme of balance so prominently represented throughout the book. Why? Let’s be honest, Dave Ramsey has a reputation for being, well,... harsh. But Dave has a real soft spot when it comes to kids. As he puts it: