Do Your Children Help You?
11 years ago
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How do you educate your children to be financially successful?
Comments (17)I'm all for education being a "full time job". But what happens when parents aren't capable (OR WILLING, like mine!) to make that happen? How do you imbue kids with the resources to "adapt, improvise, overcome"? Personally, I think that is the more important question. Mericifully, I learned from the 'rents to "live lean". I can "squeeze a dollar 'til it hollers" with the best of them. I think it's important to give allowances. My parents never did that. Aside from occasional baby-sitting gigs, in a very rural town there were no jobs available. If I wanted to go to the movies I had to ASK for the money and justify the popcorn. IT SUCKED. I determined that once I had a job I'd never "go beggin'" again. How my practical parents missed the importance of an allowance escapes to to this day. Work=gain. Pure and simple. I was never able to hold a job until I was 18 (there were no jobs in my town and my work/study job the first one I have had!). Use of the family car was purely discretionary. MY use of it was predicated on my GPA. Straight As earned a sizeable insurance break... and use of the car! I may not have paid for the insurance increase, but I damn sure EARNED the "break". A speeding ticket or ticket for a moving violation would have grounded me for between 60-90 days. A car was NOT a "god given right" when I began driving, it was a priviledge, subject to parental vagaries, lol. My parents did a CRUMMY job of imparting to me the most fundamental aspects of establishing a "budget". They did it wonderfully themselves and I was a good "study", but they failed woefully when it came to actually TALKING about money and its management. Talking about money was like talking about sex... everything was cloaked in time-honored "mystery". A total fu**kin' waste of time! A HS student who works should pay "room and board". Put the money in an account for them (identify this as "savings" while stressing the importance of rationing a paycheck!). Talking about money and how to use it for your greater benefit is crucially important. Money is a TOOL, something we all have to use. Learning how to use it effectively begins with "baby steps"... savings, budgets, forestalling immediate gratification. The sooner kids learn that it costs money to live, work, and how to provide for that, the better off they will be in long run. They need to be informed that you have to take care of the BASICS before you can begin to "blow money". Savings. Basic budget. Fun money. I'm 47, with no kids. I've paid every note I've assumed before the term was up. I've never bounced a check. I work in the "trades"; work ethic was part and parcel of the way I was raised. But it would have been a lot less stressful had I been given the basic outline before I was 18. For me, it was as though I was dropped into the "deep end"; needlessly frightening and stressful. Years later I've only just become comfortable with the notion that I can actually SPEND money on something other than basic necessities. You shouldn't have to be honest, hard-working, and in your 40s to feel comfortable with your finances. This feeling was an option for me 20+ yrs. ago, but I was too afraid of money then!...See MoreHow do you motivate your children???
Comments (30)Mary, My intention in telling you this, I hope you can see his side a little better, because I think I might just get it. I just got my degree (political science with CJA as an addtional major) after 23 years of attending a university! Yea! Hurray! Finally. Needless to say, I am not interested in being a police officer any more at the ripe old age of 40-ahem, er something. I am too old. And yes, you need to be a young spry kind of person to wrangle bad guys. So I keep thinking to myself, what can I do with this freakin' degree? You know what you can do with a CJ? Parole officer, probation officer, police officer, or a corrections officer. That's it. So with his blown knee, he can't do the most lucrative and interesting one, police officer. I can see he'd have no interest in doing the others as he'd be dealing day-in-day-out with those society has found too hard to handle. Not just kicking them into a jail. Or maybe he hadn't thought about the others. I am still trying to brainstorm for myself, so maybe he is too (aside--I wish I could be a detective without being a beat officer. That would be interesting!!!). So basically, he's lost everything he's worked for, for the past few years. And has to start from scratch....See MoreAre Easter baskets assembled by you for your children or do you g
Comments (13)I make baskets or some kind of containers each year for my daughter, SIL, and all of my grandkids. This year they also got birds nests with eggs in them.....chow mein noodles and chocolate formed the nests, then foil wrapped chocolate eggs were put in the nests. These were then put in round fluted edged coffee filters and wrapped in white lace, then tied shut with a ribbon. Everything I make has to be mailable. Daughter got an egg carton filled with plastic eggs that had goodies inside each egg. She loved it....See MoreDo you worry about the future for your children?
Comments (20)I have always worried about my kids. Don't we all? If there is nothing big to worry about, I worry about the little things. Parents just worry. Must be part of the job description. Worry or hope or concern ought to motivate parents to motivate their kids. Worry that does not motivate action to resolve real worries is useless. The next generation all need training for a profession that can support them and their families. So I push, push, push with education and sensible planning. My older son would get so upset with me when I disapproved of his report card full of B's. "Mom," he'd say, "all my friends' moms would love to see this report card come home with them." But I knew he was smart and able to do more. So I pushed, but I did not have a battleground in the kitchen. They all have a profession and are earning good money. The married one has a wonderful spouse and delightful child. We all need to remember that the USA is a strong country--good enough to weather this terrible storm. Try not to let 24/7 gloom and doom news stories redefine America. That is the root of some of our problems--the emotional reactions of people to the bad news the media spreads 24/7 and even exaggerates on a daily basis. The lazy reporting can do a number on you and the nation's outlook. We had a serious crisis. I hope we are on the mend. But do not forget who we are and how sound this nation is, even with this national and global economic crisis. Life is not perfect, and I am not saying that it is. I know people have lost jobs and their homes and their health. I also know that some people bought homes they had no business buying and some firms were managed imprudently and perhaps criminally....See More- 11 years agolast modified: 11 years ago
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