+100x This is ridiculous. We have a combined net worth of 25M. We also have four kids, 16 & 14 year old girls, and 11 & 8 year old boys, and we don’t live this way at all. When our eldest daughter was 12, she pushed for constant name-brand purchases every month, tried this and we shut that down. We stick to places like Old Navy, Abercrombie, Gap, Target, Costco, Children’s Place, Kohls, and outlet malls—not full-price retail—and we always shop sales, even there. Our teen girls shop at the typical teen stores like Hollister, American Eagle, Cotton On, Tilly’s, Pacsun, and usually buy jeans when they are on sale, but tops are usually inexpensive, so they’re fine. We’re not spending $30 on a T-shirt or $200 on leggings. Backpacks last a few years and come from places like Burlington or Marshall’s, outlet malls, usually under $30. Our children only get shoes on sale during Black Friday, or at the outlet malls, we don’t buy from regular shoe stores. We’re certainly not refreshing wardrobes every couple of months—we don’t even shop for clothes that often. It feels wasteful and overly consumptive. Our kids have everything they need. Children need to know that consumerism is wasteful and ridiculous, and that you shouldn’t need the latest new product to feel fulfilled in life. This is what we are teaching our children. |
Except that this girl's self-esteem is already shattered. Trend setters, haha! I sell my kids' old clothes on eBay as an experiment, people who buy used clothes are broke and cheapskates and don't know how to shop! Must be completely delusional to thrift someone's used clothes nowadays when new clothes are so cheap and on sale all the time! |
1. Sure you do, Jan 2. You have a mental illness akin to hoarding. You’re not in a position to lecture anyone. |
Exactly. If you raise your kids right, their self-esteem will be tied to how much they deprive their own kids some day on an endless display of performative parenting. |
If a child's self esteem is only based on what parents buy and what they wear, you failed as a parent. |
Ponies.. you live in a posh world. No, sports and music. |
Yeah, yes. I was this girl. Parents didn't ever believe me about the peer pressure. I have never been to my private school reunion, never given money, and have no desire to see anyone except for my best friend from private school. Other, richer girls made it very clear I needed to stay in place. It's fine to go to private school, OP needs to deal with the emotional and peer pressure and figure out how they are going to make this work if they keep her in private school. For every parent out there who isn't giving her and giving their kids wads of cash, there are two who are. Just wait until rich kids can afford drugs in high school. On the plus side, no one ever offered me any drugs for free and I couldn't afford to buy them! |
My kids are into sports and music, too! But I wouldn’t describe them as having expensive hobbies. Also, dressage is considered a sport, I think
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Yes, that’s our net worth—I’m not sure why that’s being questioned. And since when is being thoughtful about money considered a mental illness? What mental illness is that? |
You're too dumb to understand that it's not about what you buy and wear. It's about not been given opportunities that others have, telling your kid that what they want is stupid while they see others having that exact thing daily, telling your kid that they have to take on an outside job to buy stuff that other kids get while their job is to do well at school, pretty much gaslighting your kid on the daily because a kid wants something that costs maybe $20. If that's all worth it to you in the long run, go for it! |
Hoarding. Having a NW of 25 million dollars but refusing to buy your kids shoes except for Black Friday sales is absolutely indicative of a mental illness, not thoughtfulness. |
Extreme penny-pinching, or pathological stinginess, can be a symptom of underlying mental health issues, such as anxiety, obsessive-compulsive personality disorder (OCPD), or traumatic experiences related to poverty. Known as "underspending" or "money paranoia," this compulsive need to hoard money is driven by a deep fear of losing control, rather than genuine necessity. |
What exactly are we hoarding? We buy our kids everything they need. |
Nope, this value based spending/smart spending. |
I know this isn’t the point of the thread, but this part made me laugh! I also remember DARE from elementary school and I was just thinking, not once in my life have I been offered free drugs. 😂 They should change their messaging 😂 (one of the few upsides of having no money I guess) |