5 Ways To Prevent Financial Child Abuse in Black Families

What is Financial Child Abuse?

A child doesn’t have to be bruised to experience abuse. There are many other ways a child can be harmed. One being Financial Child Abuse.

Many parents don’t abuse a child’s financial life to be malicious, but rather because they really are not aware that it’s happening. In addition, the parent may be applying the same poor financial methods that they were raised with from their parents.

How To Prevent Financial Child Abuse

Demetris Curry, Insurance and Financial Consultant, has dedicated her career to ensure that each parent that she can touch, adjust their financial lifestyle, mindset and aid their child to a Healthy Financial future. This is the mission to her community program called Inspired For Greatness.

“When working with parents, I share with them my meaning of Financial Child Abuse, ‘Neglecting to prepare for a child’s financial needs, present and future’. Financial Child Abuse can leave lasting financial scars because children grow up without the clear boundaries they need for healthy financial development,” says Demetris.

Adults who suffered Financial Child Abuse in childhood are more likely to financially abuse their own children because the family model they grew up with was financially flawed.

5 Steps to Financial Success

1) Getting a Financial Coach.

2) Financial classes can provide insights to help such parents to fill the gap in their knowledge of how money works and develop strategies for dealing with the stressful aspects of raising financially healthy children.

3) Realistic Expectations: some people enter into parenthood with unrealistic expectations and they may be surprised at the amount of care and attention that their children need.

4) Support Group: parenting and they, parents without support from Financial Coach or Group may be more likely to financially abuse their children.

5) Talk to children about Money: Although you can save all the money in the world for your child, nothing will prepare them for the realities of handling money as an adult if you shield them completely from the financial matters of your own household. Without explaining to your children why finances and saving matter, he or she may never learn to appreciate the work and organization that goes into maintaining household finances.

For more information about how to provide for a child’s healthy financial future, visit DemetrisCurry.com. Demetris is available for questions, quotes and interviews by emailing pr@inmmgroup.com

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About Demetris Curry

Demetris “Dee” Curry serves her community as a published Author, Speaker, Insurance Wellness Strategist and Multi-Million and Billion dollar servicing bid winner.

With years of experience in banking/financial services, wealth accumulation and maintenance, bank auditing, analytical reasoning, and life and disability insurance procurement, Dee has a reputation for helping people optimize their risk portfolios while creating and maintaining the lifestyles that they deem suitable for their financial health and well-being.

She holds a formal degree in Business Administration with a concentration in Banking and Finance and is licensed as a Life & Health and Fixed Annuities provider.