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Money and Finances
Reply to "Teach Me to Raise an "Upper-Middle Class" Child"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Disagree. Grew up UMC and we talked about value. Even if you can afford to buy the $500 sneakers they may not be "a good value" (compared to the very similar $100 sneakers) so we would say they cost too much. We are trying to teach our kids the same thing - spend your money wisely. No need to throw it away. In fact, I'm pretty sure our kids think we are poor based on how we talk about spending money. :) [/quote] I'm surprised that this completely correct comment is so late in this thread. As I always say, rich people don't get or stay rich by making crappy decisions. The wealthiest people I know are very conservative with their spending. [/quote] I agree with that comment. I talk to my kids about that all the time. Of course we can afford to go to Starbucks all the time, but it's a waste of money to do so. Why buy a water from a vending machine when it's next to a water fountain? Our HHI is well over $500k/yr, so it's definitely a "value" thing.[/quote]
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