Reply to What money habits keep you poor?

Forum Index » Money and Finances

Reply to "What money habits keep you poor?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Children[/quote]

I see many people make the mistake of overspending on their children. I understand they want their kids to have a certain type of childhood, but what looks like a middle class lifestyle costs so much more than it used to.[/quote]

True, with all of what that entails: a larger house with a larger mortgage because every kid has to have their own room/American Dream, a good school district because!, so many activities all over the place that two cars are necessary, and then evenings are so chaotic that take-out is so convenient, and then the kids want cars at 16 to drive to school but they need to be new because safety, and it's an arms race for college so tutors and test prep, and then it's shameful to go to community college so paying 60K a year for a loser college instead, if the kid isn't good enough to get into the state flagship or a higher-tier college.

It's EASY to fall into that trap. We did buy in a great school district and paid a premium for it, although we sacrificed space so we don't have that large a mortgage. We did pay thousands in tutors and test prep. And our oldest DC, who has special needs, is going to[b] a private university with a 50% acceptance rate - so not loser college[/b], but we did turn down UMD honors because we knew disability services weren't going to be that good. And come what may, we try to cook from scratch because it's cheaper. And no new cars!

But I can feel the temptation of just paying more and more for all kid-centric things...

[/quote]
 :roll: [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics