Reply to Anyone spend less money because they don’t want to “look rich”?

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[quote=Anonymous][quote=Anonymous]I grew up like this. My parents had money but hated spending it. They grew up without much and thought anything “fancy” was ridiculous and unnecessary. Financially they were out of sync with their social circle but it wasn’t really noticeable as a kid. It was noticeable when I went off to private college and had it all paid for. (My HS peers went to state schools and many took out student loans.) I continued and earned a masters degree. I met and befriended mostly people who were upper middle class or wealthy. As those friends started getting married and having big extravagant weddings, I felt awkward. My parents, of course, thought big weddings were ridiculous and a waste of money. It’s like I didn’t sync with either social circle.

I still kind of feel caught between the two. I’m a 40 yr old SAHM in NW DC. Many many friends and neighbors here come from very privileged backgrounds. So privileged they’ve had no exposure to people who aren’t privileged. Their world views are warped. I dunno what my point is exactly... there are pros to exposing your children to other families who aren’t swimming in cash... who actually have to budget and make hard decisions and do without. BUT... if you have money to set up your kids with a great education, they’re going to socialize with a bunch of rich kids and wonder... why doesn’t my mom buy me nicer clothes or take my friends out to fancy dinners or pay for my wedding or my down payment on that house or etc etc like everyone else’s parents do? It’s hard to transition up the SES ladder gracefully... [/quote]

I don't know about this. I grew up with the same kind of parents and in HS/college, I was definitely jealous of peers who'd grown up with parents who spent more freely than mine did. But now, as an adult? I'm SO grateful those values were ingrained.[/quote]

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