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Private & Independent Schools
Reply to "Drunk Elephant and Lululemon at private schools"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think we all focus on stuff like the relative extravagance of leggings way too much and we’d probably serve our kids better by putting them on some sort of long term income and budget and letting them manage it. Because once they’re adults, it doesn’t really matter how much the leggings cost. People can bankrupt themselves at the thrift store. What matters is setting a budget in line with your income and long term goals and then living within it. Sure, there’s also a lesson about the social impact of branding and blah blah blah [b]but the main thing imo is the money management.[/b] [/quote] You're correct, but kids decked out in certain brands are signaling that they have more money to manage. [/quote] It sometimes just signals that they are spending all or most of what money they have on status brands, not necessarily that they have more to manage.[/quote]
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