Reply to As long as teens are studious, is there any harm in giving them a nice car?

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Reply to "As long as teens are studious, is there any harm in giving them a nice car?"

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[quote=Anonymous][quote=Anonymous]I’m surprised at how judgmental people are about parenting choices.  My parents paid for everything pretty much through law school.  I don’t really remember what happened to any money I earned. I probably gave it to them if it was a lot — summer law jobs-and otherwise spent it in on whatever they would have bought me anyway.  Also true for my brother.  This worked because we made sensible choices all along, so our parents didn’t need to come up with different rules.  We then both managed our money well once we were earning on our own.  You parent the kid you have.  My current 16-year seems  to be in the same mold.  She doesn’t ask for much.  Asks if something is too expensive.  So she is in fact budgeting for herself, just in a different way than most posters are used to.  If she were a different kid, I’d parent her differently.  Now, you might say she has a greater chance of going off the rails budget wise than if I adopted a different approach, and that may be true, but that doesn’t mean our way of doing things is bad or outside the range of reasonableness.  There may be other aspects of her life where we are stricter than the norm.  It all balances out.[/quote]

+1.  My parents paid for everything and I didn't have a job until the summer of my Junior year in college, and then in law school, when I got clerkships. They bought me nice new cars.  I was (and am) an excellent money manager and have worked my a** off my entire life (until I retired in my 50's, because I'd saved enough money to do so comfortably).  My DC is the same way -- he hasn't had a job, but he is more careful with money than most kids.  He's a straight-A student and when he gets his driver's license next year, he'll "inherit" a nice family car that will be his to drive.  He's probably going to come into a significant trust some day, and I'd rather teach him how to have a healthy relationship with money now -- having money doesn't mean that you don't need to work hard and have a career and purpose in life.  You do these things because they are part of having a fulfilling life, not just to earn a buck.  Yes, certain trappings associated with having money may mean less to him, but that's not necessarily a bad thing.  [/quote]

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