Comments on: Don’t Let the Children Dictate Your Finances!

By: Skirnir Hamilton

Skirnir Hamilton — Fri, 23 Oct 2009 00:11:35 +0000

Chris: I have to somewhat disagree. We took our son car shopping with us and we allowed him to share his opinion. Yes, we recognized that his opinion did not count for much as he wanted a window that fully rolled down and lots of cup holders. But in one car that we were slighly unhappy with, he nearly got car sick in the back seat. The car had a bouncier ride. As he is the only one who normally sits in the back seat, having an uncomfortable seat, or a seat belt he can’t get alone, would make a difference in our car choice. But one takes their kids comments/opinions into consideration, but understands where they are coming from and the possible value.

By: Good Financial Cents | Money Smart Life

Good Financial Cents | Money Smart Life — Sat, 17 Oct 2009 20:33:43 +0000

[...] Don’t Let the Children Dictate Your Finances! @ Frugal Dad [...]

By: The Simple Dollar » The Simple Dollar Weekly Roundup: Red Beans, Rice, Okra, and Sausage Edition

Wed, 14 Oct 2009 14:01:51 +0000

[...] Don’t Let the Children Dictate Your Finances! It’s very easy for people to allow children to dictate areas of your life. They’re demanding without understanding the ramifications and that often results in conflict – and sometimes, to avoid that conflict, parents try to find other ways to do things. That’s not a good idea when it comes to your money. (@ frugal dad) [...]

By: Financial Samurai

Financial Samurai — Sun, 11 Oct 2009 13:59:41 +0000

Whenever I go open house hunting, I see adult children tell their parents “but I want the rain shower” and “I don’t like these type of countertops!”

It’s pretty funny that these 28 year old people are omplaining to their parents about buying them a $1million property here in SF.

By: kenyantykoon

kenyantykoon — Sun, 11 Oct 2009 09:25:21 +0000

money is the most touchy subject in marriages that very few couple really don’t discuss before they get married thinking that “love conquers all” but later on they find out that money runs like 99.9% of everything. engaged couples should go for counseling on how to handle money before it ruins their lives in future

By: Chris

Chris — Sat, 10 Oct 2009 03:58:07 +0000

Children should not be making financial decisions in your home. My husband worked for a car dealership and no exageration, parents would bring in elementary aged children and ask, “What do you think of this one honey?” No child or possibly even teen has the knowledge to make these decisions or perhaps even have input on them. This also places a burden on the child that they should not bear. These children should have been eating cookies at Grandmas house while the parents chose the vehicle. A real estate agent acquaintance told me she saw the same thing in house shoppers.

By: Bobby

Bobby — Fri, 09 Oct 2009 18:38:20 +0000

I find the toughest part is spending equally on both daughters. Giving them an allowance in exchange for household work teaches them many good habits that will serve them well for their adult lives. So very key.

By: Craig

Craig — Fri, 09 Oct 2009 13:46:20 +0000

Offering kids an allowance helps make them more responsible and gives them their own budget. But parents should draw the line on certain activities and requests so they don’t go over board.

By: Mrs. White

Mrs. White — Fri, 09 Oct 2009 12:05:11 +0000

This title was very misleading. I probably wouldn’t have bothered reading it if I realized what it was really about – working together as a couple to handle finances.

Let me just clarify something, though. The only reason I wouldn’t have read it is because we have always had an excellent plan in place (as a couple) to handle finances.

I was looking to read about children and money.

By: Penny Copperwyre

Penny Copperwyre — Fri, 09 Oct 2009 10:57:15 +0000

#1 is critically important. My husband and I talk about our goals which is a great tool. However, he has maintained that he doesn’t want to know the particulars of the money situation and only wants an allowance for the week. This worked fine, but I have come to the conclusion that it is grossly unfair for me to carry that burden by myself. We’ve talked about it, and he’s agreed to help with the monthly budget.