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Reply to "DD becoming too materialistic"
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[quote=Anonymous]Yep, we were in the same boat a couple years ago. We ave her a clothing allowance of $150/mo in addition to her normal allowance $30/mo. Now she is responsible for all her own clothing, makeup (recently), and entertainment. We set out guidelines around what we will buy (school uniforms, school lunch, extra school expenses) and everything else was up to her. On the spirit days or dress in white shirt day or whatever, she was responsible for finding and budgeting the right clothes or wearing her uniform. It worked out great. I got to spend quality time with her teaching her how to spend on the basics and skimp on the frills that she will only wear a couple times. We still buy things (within a budget) that she asks for for Christmas. I also got a chance to talk about our values quality over quantity, we prefer to own everything without financing (home, cars, etc) and these things free cash in other families. Plus, some families are super wealthy - we are "just" rich, like poor rich. We initially hit a couple bumps, but I'm so glad we did this. Now when we shop in not a giant piggy bank. She's doesn't bother me for anything. She sees frivolous spending for what it is. She is fashionable but not at the height of it. I think she is also grateful for the trust and autonomy over this. She even orders her own supplies for projects. We include her in our annual budget reviews now. If your daughter is smart amd mature enough to do this, it worked well for us.[/quote]
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