Reply to Wow the lack of financial education in this country is staggering

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think most people learn from their parents. My parents were always frugal and good with money. They passed this down. I have done the same. [/quote]

No. Just no. This doesn’t explain all the dynamics where one kid is great with money and the others aren’t. Just read the family relationship forum.[/quote]
sigh, yea.  I am frugal and have taught my kids to be.  But, only one is like this. The other is "spend spend spend", though they are getting better about it - 17 yr old DC. At minimum, though, DC has been putting money away and saving, just not as much as I think they will need for spending money when they goes off to college.

Older DC, oth, has made and will make a lot from their internships. They will have like $100K by the end of this year saved, and they said that they don't have that much to spend on. Their only big splurge is skiing.  They aren't even interested in buying a car right now. I think they are like me, they like to see their savings grow (and yes, it's invested).[/quote]

Is more often than not the younger sibling with the less frugal habits? It’s definitely like that with my kids.[/quote]
Not sure how accurate that is, but for my family, it's not true.  I'm the youngest of four, and I'm probably the most frugal, and make the most money.   Could be why I can retire early, but they can't.

However, it is true for my kids  :cry: [/quote]

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