| As a retired Boomer, when we were in our 30s and 40s we saw many couples our age have to sell their homes when a recession or other big financial crisis hit. A person would lose their job and within months they couldn’t make a mortgage payment and they went into foreclosure. It led to many marriages breaking up. When you see that happen a lot, you don’t forget it and you certainly never want to see that happen to one of your children. |
|
For my ILs, it's jealousy. They have absolutely no idea what our income is but probably realized early on in our marriage that we were going to be solid, conservative investors. I’m we have far surpassed them HHI.
They love to ask pointed questions about our wasteful spending beginning with the choice to have more than 2DC, then were outraged that we “had” to get DC orthodontia. They’re always thrilled to save money and go to great lengths to get “free” accommodations. They think it’s ridiculous to spend money on a hotel because they plans trips and vacations only if they can stay with family. I took several years off to be a SAHM and they’d constantly ask DH if he needed financial help and how soon I’d be heading back to work. |
| My grandparents squirreled away money having grown up in the depression and my parents squirreled away money because that’s what their parents did….but certainly not to the same extent. My grandparents left each grandchild about $500k which stunned us and my parents are incredibly generous with us and our children. They will sometimes ask me about our spending but I know exactly where they are coming from. They worked hard and saved a lot in order for their children and grandchildren to have a bright future and hope that we will do the same for our children and someday our grandchildren. Given their life experiences with inflation, recession and interest rates far beyond what we have experienced they are naturally more cautious and conservative. I’ve spoken with my father a lot about this and what life was lime with a 17% mortgage. Ouch! He doesn’t criticize but he does try to teach. |
|
OP, you are fairly wasteful with your spending, and I can see why they are concerned.
We make far, far more than my brother, and he lives far above our lifestyle. It is concerning because he’s clearly not got a safety net. And he is wasting so much money I don’t want to be having to bail him out down the road. Meanwhile, my parents are always encouraging me to buy a new vehicle, etc. but I won’t until it is absolutely necessary. Not a car person and I would rather save the money. I am happy with my house, etc. My in laws are literally paying for a bathroom remodel because THEY want more luxury in my guest bathroom when they visit. I think the 70s tile is fine. I prioritize education (private, tutors as needed). I have never regretted investing in my children’s future. You sound very materialistic. |
Why did you restart an old thread just to bash an OP who is likely long gone? Bored much? |