It turns out you can take a lot of parenting lessons from the financial world. Fiscal responsibility is a model for child discipline. The parallels are creepily accurate.
You want to buy something? You can pay for it now and pay what it costs. Or you can charge it and pay for it later. Depending on how much later you decide to pay, you’ll end up paying a lot more than what you owed in the first place.
Interest is a bitch.
You want to build something with your money? Put in the work now and start saving. Don’t get everything you want the minute you want it. Delayed gratification results in a bigger payout in the end. If you put your money in the market, put it in for the long haul, knowing there will be ups and downs (and risks), but in the end, it will likely be worth it.
In our culture of instant gratification, this approach isn’t mainstream. We want it all and we want it now. Who wants to stay in the starter home for 10+ years when you can get a low-interest mortgage on a McMansion like all your friends have? Why would you want to save when you could be using your paycheck to decorate? What point is there in driving the same car you had in college when you can get a new Lexus with such a low monthly payment?
Perhaps the most valuable parenting advice I’ve ever heard was from an experienced mother who was addressing our Sunday school’s group of young moms. We were talking about discipline, and she said, “Basically, it all boils down to this: you can pay now or pay later.”
It sounds so simple.
And it’s anything but.
We’ve grown up watching paying later become more and more en vogue. Look at the national debt, individual credit card debt, grace periods on car loans and furniture. The idea of having to wait for a payoff is abhorrent to most of us.
It shows in our parenting, too. Paying now when it comes to raising your child is inconvenient. It means that if your kid pitches a fit while you’re out running errands, you have to make good on that threat to go home and put them in time out, even if it means you don’t get to finish all the things you need to do.
It means that you leave the playground early because of one child’s mistakes, which also punishes the other sibling. You might have to leave a restaurant mid-meal or a party in mid-swing because your child won’t behave. It’s not fun, but you’re paying now for a better behaved child.
With babies, it means letting them cry so they can learn to sleep. Pure hell, but better than a year of your life with no sleep. Same when it’s time for the pacifier to go. With toddlers, it means enduring a tantrum rather than giving in to the demands of a tiny would-be despot.
In a nutshell, it sucks. And as you watch other parents charge their debt to the future, you wonder whether you’re a crazy person for insisting that your kids behave, and that they do it yesterday.
What put me firmly in the “pay now” camp is a vivid childhood memory. I was about the age my twins are now, sobbing because my mom wouldn’t allow me to go to a party. It was my own fault; I’d done something she’d told me not to do, and that was the consequence. The memory is seared onto my brain; I can tell you where I was standing when I begged to be allowed to go anyway, and how she told me that she wished very much that I could, but that she’d spelled out the consequences and I’d broken the rules, and that was that.
The other morning I called my mother to ask her advice about our daughter, because she’s inherited a double dose of strong will from both Mark and me. She’s probably a lot like I was at her age. Amazingly enough, my mom has no memory of not allowing me to go to that party, but it made such an impression on me that I can still tell you what wallpaper I saw through my tears as I pleaded to go, and I can smell the Halston wafting from her sweater when she hugged me. I’m sure that afternoon of my tears was hell on my mother, but since the memory is that powerful to me now, I’m guessing that it was worth it. I don’t remember being kept home from any more parties.
At any rate, we’re paying now. Our daughter did not behave well on a visit to the pumpkin patch last weekend, and I told her repeatedly that if her attitude didn’t improve, she couldn’t go to the birthday party she was supposed to attend. So we had our very own version of the talk I had with my mother 20 years ago, and I made her stay home. And no, it wasn’t fun.
I also kept thinking about the mom to whom I’d RSVPd “yes,” and how terrible it was to back out at the last minute. But when I next saw her, and apologized, she wasn’t mad. On the contrary, she was impressed, and thanked me. She’d had to explain to her daughter why Anne wasn’t at her birthday party, and apparently it made quite an impression.
I think we’ve made an impression on Anne, too. But I wouldn’t be at all surprised if we have to go through this again for it to really sink in. If that happens, it will be ugly. There will be tears. But I’d rather pay now, while the consequences are small in the grand scheme of things, than pay later. Compounding interest on discipline matters gets you into bigger trouble than you’d ever face with your bank or your credit card company.
So even if it hurts, we’re going to pay now.
How about you? What’s your philosophy? Do you pay your child discipline toll up front, or are you charging it to the future?