What do you believe to be true?People are rich because they are either lucky or they inherited riches from their parents Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None Everybody is responsible for his/her own financial circumstances. No one is entitled to anything Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None Wealth ruins one's character Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None Rich people are rich because of hard work, persistence and determination Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None Money is the root of all evil Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None Having money is good because it provides freedom, safety and you can help others Strongly agree Somewhat agree Not sure Somewhat disagree Strongly disagree None How do you react when your kid asks about money? I always explain how things work to him/her as honestly as possible adapting my message to the kid's age I say something but do my best not to go deep into the conversation I usually stay silent or make some jokes I lie to him/her sometimes in order not to put the money burden on him/her None How good is your kid at understanding various financial concepts (income and expenses, goods and services, assets and liabilities, savings and debt, passive and active income, etc.)? We discuss about them regularly. I also showed him/her how some concepts work in real life. He/she has quite a good general understanding of various concepts We have discussed about them once or twice. He/she knows some terms but there is space to improve We have never discussed them but I understand those concepts We have never discussed them and I am not so comfortable with these concepts either None What is your household chores policy? We have splitted all household chores among each of family members taking into account kid's age We have splitted some of the household chores and the kid does 1-2 regular chores He/she does some chores but not regularly He/she does not do any household chores None What are the sources of income for your kid? He/she gets allowance (pocket money) regularly, as well as he/she tried to earn money in other ways (selling something, doing non-standard chores, etc.) He/she gets allowance (pocket money) regularly, also receives money from relatives and/or friends on special occasions He/she gets allowance (pocket money) from time to time but it is not regular He/she does not receive any money, as I make sure that he/she has everything that is needed None How good is your kid at understanding the difference between needs and wants? We are discussing the difference every time the kid wants to buy something. I show my buying priorities We have discussed the difference once or twice. On the other hand, I think that it is important to enjoy one's childhood, so I am not too harsh on this I usually explain my buying priorities but allow my kid to buy what he/she wants to buy I usually buy the things I want and encourage my kid to buy the things he/she wants. Life is too short to limit oneself None How familiar is your kid with a monthly budget? He/she makes the monthly budget every month independently and follows it We do it every month together and he/she tries to follow it but not always successfully We have done it several times together but now monthly budgets are not done We have never done it None How good is your kid at understanding how borrowing works? I have explained the concepts of borrowing and interest and he/she has a good understanding of it We have discussed it once or twice and he/she has some understanding of the concepts We have never discussed it but I understand the risks involved in borrowing and, therefore, I do not overuse it We have never discussed it and I think it is good to borrow, as it allows you to live comfortably None What are your kid's saving habits? He/she saves part of the money every time he/she receives it. He/she has a clear short term (up to 6 months) financial goal and is determined to achieve it He/she saves money, though he/she does not have a specific goal He/she saves money for a short period of time and then spends all of it when he/she wants something He/she spends everything right away None How good is your kid at understanding what investing is? He/she understands the investing and interest, compound interest concepts and has tried to invest himself/herself He/she has some understanding of the concepts, however, has never tried to invest himself/herself We have never discussed it but I understand what it is and invest myself We have never discussed it and I do not think it is important to invest, as it is too risky None How active is your kid in various volunteering and donating activities? My kid volunteers and/or donates regularly in several areas My kid volunteered and/or donated once or twice My kid does not do that, though I think that it is important My kid does not do that and I do not think that it is important None If I asked about the vision of his/her future in 20 years, what would your kid answer? He/she would clearly define the vision in various areas of life (e.g. family, friends, work, wealth) and explain how he/she is planning to achieve it He/she would be able to say something abstract about various areas of life and might give some explanation how to achieve it He/she would be able to say something about some areas but would not be able to explain how to achieve it He/she would not understand the question None How do you react when your kid makes a mistake? (e.g. he/she does not pass the test, as he/she did not study) I explain that mistakes are part of learning something new and discuss what and why it went wrong. I emphasize that the more he/she does some things, the better he/she becomes I clearly express my disappointment that he/she was not able to do it right. I think it is very important from the very beginning to show high standards of doing things I ignore the mistakes made, as I do not want to disappoint my kid for making a mistake I do everything for my kid or remind him not to forget to do it, so he/she does not make mistakes None How often do you allow your kid to eat junk food? Never or only on special occasions Once a week Try to limit it sometimes When he/she wants None How often does your kid exercise? At least 5 times a week At least 3 times a week Once or twice a week He/she does not exercise regularly None How many hours does your kid sleep every night (on average)? 8-9 hours 7 hours 6 hours Less than 6 hours on weekdays, longer on weekends None What does your kid usually read? He/she reads literature that is required at school as well as educational literature (biographies, history, inspirational books) He/she reads only literature that is required at school He/she reads something occasionally He/she does not read at home. Maybe they read something at school None How do you react when then kid comes up with the idea to you (e.g. to start a new business online)? I explain that idea is great and I encourage him/her to act on that idea I explain that idea is great. I start implementing the idea for him/her to help him/her stay motivated I say that he/she is a great idea generator, and that is a great thing! I encourage him/her to generate more ideas I say that this idea has lots of drawbacks and explain each of those drawbacks to him/her None How much screen time can your kid have per day (on average)? Not more than 1 hour per day 1-2 hours per day I limit it sometimes but not very consistently I do not limit it None How does your kid show appreciation to people that are important to him/her (family, teachers, friends)? He/she always congratulates them on their birthdays or other special occasions, makes gifts He/she usually congratulates them on their birthdays or other special occasions but he/she does not invest too much time in preparation He/she is not very consistent on this but sometimes he/she does congratulate people that are important to him/her He/she does not have a habit to stay in touch with these people None How do you teach your kid to control what comes out of his/her mouth? I lead by example. I never talk nasty things myself and I always ask for respect from my kid If I hear that he/she does not control what comes out of his/her mouth, I remind him/her of respect to other people Sometimes I ignore it, sometimes I make the point to be more polite I do not pay attention to what he/she talks. The most important is what he/she does None How many optimistic, positive friends does your kid have? All of his/her friends are optimistic and positive The majority are positive, but there are some negative friends as well I am not sure. Some are positive, some negative None None Name Email Time's up
