Originally posted by: steppinthrax
Originally posted by: QurazyQuisp
Originally posted by: CPA
And people wonder why I am prepping my kids (ages 14, 11, 9, 6) that once they are 18 that they are out of the house and on their own. I have people comment that I am cruel to discuss these things with my kids. But, I will make sure my kids are ready for the real world and not leeching off of me at every moment I am alive.
edit: ooooo, 15,000 posts. hurray for me.
Hi-five for you. My parents did this for me and I could not be happier. (given all the crap that my friends get from their parents, and how limited they are as well) Granted I'm about 21 so I've really only soaked it in for about three years, it is excellent. I feel so much more confident about almost everything I do compared to my friends. Not to mention I don't need to ask permission before I do something because my parents are not paying for it. They are more then willing to provide advice when I want/need it but beyond that I'm on my own. The one thing they still do pay for is my cell phone bill, but that's because I'm on the family plan.
When parents subsidize their children they don't give them the tools necessary to be happy successful financially independent adults for their future.
I mostly agree with this statement. I have a lot of peers in college who are still dependent on parents for everything financially and it's kind of sad to hear them calling for permission to buy this or pay for that. They are also the kind who get phone calls from parents every day.... I call my parents maybe every other week or so and I handle all my expenses myself. Wouldn't have it any other way because it gives me the freedom to decide for myself and makes me a bit more frugal as well 🙂