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]I think you need to look at the totality of your situation. If you can provide nice cars like that for your kids, that’s one thing. Babysitting every weekend still could never earn a teen enough for a Tahoe. However, are your kids responsible for paying for anything? Will they have to pay for gas, or will they have a credit card and gas will always just magically be in the tank? Do they use their own earned money for going out on the weekends? Do they have to pay for their prom tickets? iPhone? If you are providing all of this, yes, you are raising spoiled and entitled kids and the fancy cars are just the bling cherry on top. In addition to being spoiled and entitled, they will have a harsh transition into reality when they first try and become financially independent adults. How will they know to budget? How will they feel when they need to buy their own car next and can only afford a used Camry?

If they have some financial accountability in life, a nice car can be just an isolated  big ticket splurge for them.

FYI, being a good student and a kid that doesn’t get into trouble isn’t enough in my opinion. Teens who have expensive things handed to them should have some financial responsibility in other ways. [/quote]

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