Every parent wishes their child has everything they need, even things that they themselves never had. But is it possible to give your child everything they want? How do you set boundaries and how do you say no?

The distinction between need and want is imperative to understand and explain to your children. By teaching them to spend money wisely, they may grow to understand its value.

Dr. Zaidi contributes to this interesting article on SCMP and shares what she thinks is most important to teach your children in today’s world of instant gratification and peer pressure. Instilling the right values in your children is the first step in learning how to distinguish between wants and needs.

Click here to read the article as featured on SCMP.