In her new book Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want, Rachel hits on a topic that is so important for parents to teach their children when comes to money: contentment.

Contentment is hard. Especially with the way social media has taken over in the last few years. We already felt the need to “keep up with the Joneses,” but now we can always see what the “Joneses” are up to all the time. The Joneses used to live across the street. Now we carry them in our pocket.

As Rachel explains, “We carry the ‘Joneses’ in our back pocket…I feel this need suddenly to keep up, and it’s with people I didn’t even know.”

The Joneses used to live across the street. Now we carry them in our pocket.These people are going on nice, European vacations, they’re buying their kids matching backpacks for school, they’re sending their children off to fancy, private universities. Watching these people and comparing ourselves to them is damaging not only to us, but to our families too.

“This comparison game not only affects our emotions,” Rachel says, “it affects our money habits as well.”

When you have to…