"This all-too popular answer can create feelings of fear and/or deprivation. Young kids tend to be very literal, so when they hear, “we can’t afford it”, they believe you. Now you’ve planted a seed of fear that there isn’t enough money for food and shelter. While older kids tend to feel deprived because they see you buy plenty of other things, so why not their new toy or outfit or gadget? They vow to never tell themselves or their kids “no” when they get big, and some keep that promise, much to the determent of their finances.
Check out the entire article here: VOSA.com
----- FYI: They're also doing an iPad Mini giveaway too - so be sure to enter at the end! [Photo cred: emrank]