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][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]

Okay but it's not clear that anyone likes you. [/quote]

I don't get this attitude either.  My parent fully paid for college and graduate school and bought us each cheaper new cars in graduate school as we had internships.  We never overspent and were exactly how this poster described.  We worked every summer and gave our checks to my mom and I have no idea where she put the money but we always had what we needed.  She said she put it away for college but I have no idea if it went into savings or a checking or what.  I plan to do the same for mine.  They also taught me to do a roth ira with my first real paycheck and how to save.  You can provide nicely for your kids and teach them financial responsibility.[/quote]

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