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Call for course informationIt wasn’t that long ago that parents pushed their kids out of the nest and watched them live their lives on their own.
But today’s tough job market has changed everything. These days, nine out of ten parents give money to their grown kids for major expenses such as credit card balances, car insurance, and student loans. Plus, there’s been a huge increase in the number of adult children who move back in with their parents when the real world gets too tough.
Have today’s parents raised a generation of spoiled young people who don’t know how to live within their means? Or is today’s world just too hard to navigate without help?
Whatever the answer, if you have kids, it’s great to help them financially if you can, but you have to look out for yourself too. When retirement comes along, there’s no doubt you could use the money you’re giving to your children today.
Besides that, how much are you helping your adult children by keeping them dependent on you? If they know they can always come to you for a handout, they’ll never learn to deal with financial setbacks or money management.
So, here’s my advice. If they desperately must have the money for a legitimate need - and you can afford to help - then give them a loan. If you want to make sure they learn financial responsibility, then make sure there are strings attached and know you expect them to stand on their feet eventually.
Remember, you brought your kids into this world. It’s only fair you help them navigate it.
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12 Comments Post a comment
To help when trouble is their...is the role of a good parent. To be kind to one-other is where we differ. Are we loyal in teaching our children truth. Are we doing more harm than good if we don't teach basics. We are more than happy to give our shirts off of our backs, if it really is in need. That is a difference about this younger generation that simply "want" but will not earn their path.
Where did we go wrong?
Sometimes it is OK to to do the equivalent of an employer match on your children's aspirations, whether it be a bicycle, college or a home, but it needs to have a well understood limit and cut-off date. Help them pay for college if that is in the cards for them. Help them finance the means to make their own ends. Help them achieve excellence through honest encouragement. Believe it or not, helping a kid can assist in connecting the dots in a kid's mind. If properly done, it will not spoil him/her. This takes effort and thought, but millions do it every year. After all, THAT is what you 'owe' your kids.
"While I acknowledge that the computer and the tools of the computer generation have provided us an amazing new world, there is still much to do if innovation and mankind are to live in concert without threat or the potential of harm to each". I sent him this statement along with some comments on my research project here, it is a "research project" I explained, but trying to explain something like that to one of my parents would be like talking to the wall, because in my family of origin, we were not encouraged to go to school, or told that we could really acomplish much of anything. In the world where there is a divorce, or a disability involved it is hard to say what parents owe their kids, I think parents owe it to their kids to be true to self first, and all else should follow. If you happen to be in the world, and find that your parents did not prepare you for it, or pave the way for you to go to school, then I suppose you are screwed. I feel that way a lot, but I have come to understand that even if I had been flooded with money, that I would have never been prepared for the world we live in today. Who could prepare to know what to say to your child who has been kidnapped and isolated, and in that situation what would anyone have me owe her except the courage to keep trying to get the attention of others and see what can be done to help others that might have te same problem? I owe my daughter more than most people might owe their children because of her I got an inner courage to be another kind of woman, a woman with the guts to say something when I think a situation is wrong. Before I had to do that I never did, I just went along with a lot of crap that really was never right. After I had to fight for her, and still get kicked down, I learned that somethings are really worth dying for, and I believe that today- but never knew that place in me before. Having an ideology about who you are and being able to show a child that in any situation you are true to your ideology, but human is what we all owe our kids. Kids today do not know parents, we work all the time, and they are not our focus, we owe them a world that is safe, andwe owe them a belief that they did not come from bad seeds or in divorce we owe them te dignity of loving the other parent without blame, shame or guilt. We owe them courts that are fair in case they ever need them, and we owe them our best ideas, and very best solutions our minds can come up with. We owe them examples of cops not afraid to take a stand fo what is right, even if dad is also a cop and dad is beating up mom, and we owe the kids in those homes the liberty of the blue wall that really gets in the way of letting those children heal after a divorce. We owe our kids schools without drugs, and a chance to be a scholar if they are able, even if people think they should do something else. We owe our kids our very best in all that we deliver, and when we teach them what we owe them by giving them worth dignity and value, we also give them a gift that they can then give to their children. What we owe our kids, is to be the best example of who a human being can be and pursue our own dreams, and be as true to self as we can be, so that our kids will never wonder how to fix a problem later- they will just have the courage to try, knowing that each time they try they get better than the last time, and that is what we may owe them. To be patient but kind, and have them rewarded for a job well done, and if money tells them they are doing well, then you owe them money to express this so that they will know to do that again and again. What we owe our kids is whatever it takes to make them feel like they are worth everything on earth to us, because the world is not going to give them that warm fuzzy feeling, it is going to do its best to chew them up and spit them out- so give give all that you are to the moon and b
Hand-outs rob children of their self-confidence as they never fully challenged to develop their peak potential.
Jessica Bond
Medical Careerist
http://jessicabond.blogspot.com
It's one thing to play the "tough-love" card, but it is inhumane to mercilessly punish someone for making the wrong choices.
Another thing for parents to keep in mind... don't have too many children, unless you are independently wealthy and have plenty of time on your hands to give each child equal attention.
My parents divorced when I was quite young and I wound up raising myself because of the merged-family (adopted kids, also) situation. Winding up with a bunch of strange kids of all races gave me a great appreciation for all people. However, if you are going to adopt kids and have the Brady Bunch, don't assume that your biological kids no longer need attention. I left home, completely unprepared for the real world. I really thought that everyone was nice. Teach your children that life is not a fantasy world, and that you cannot trust people until they prove otherwise. People will take everything from you if they think you are a push-over. And, if a person is nice, for some reason they are automatically labeled a push-over.
Again, every situation is different... there are a billions of scenarios, and billions of kids. So, if you are paying attention to your own kids, and know who they are... you will know when to draw the reigns in, and when to cut them slack. You will instinctively know if they are being lazy, or, if they have tried their hardest to do it on their own, but need some help. And, make sure that it is your child talking, and not their friends. So many kids lose their identities because they want to have what other kids have, so they think that if they act like other kids, they will get what they have. In other words, instill confidence in your children, and they will be able to make the right decisions, and, when they do mess up royally, they will know that it is not the end of the world. They will dust themselves off, get back up, and do it differently the next time.
Nobody "owes" their children anything! If you've done what you're supposed to do as a parent, then you should never find yourself in a compromising situation. Talk about it. Don't talk to everyone else about it, except them. Tell them how you feel. If a kid tells you that you owe them... then, there must have been a communication breakdown somewhere. Just try to keep the lines of communication open.
Also, if you spoil your kids too rotten when they are young, they will expect that type of treatment to continue forever. I've always thought it was mean for parents to lavish their toddlers and younger children with everything, then, once they stop being "cute"... they are treated like they have the plague. Parents do some very stupid things...they forget that they were once children.
I really don't have a point. There are too many angles on
My father does not believe in buying a house for kids, or giving them that first down payment because he knows one can do it without help and tried and true, retirement money is fragile. I am proud of my Dad because he took care of himself on his own, and requires little from his children though his retirement years.
What has this taught me as an adult ?
To do the same for my children so that they don't have to look after me.
"Also, if you spoil your kids too rotten when they are young, they will expect that type of treatment to continue forever. I've always thought it was mean for parents to lavish their toddlers and younger children with everything, then, once they stop being "cute"... they are treated like they have the plague. Parents do some very stupid things...they forget that they were once children."
This is a common factor in the church. One will often find a few select special needs kids who are less than average and for whatever reason the church celebrates this fact and rallies for more funding. Nice profits as it were.
Sadly when these special needs kids come of age they are often institutionalized or worse found homeless wiping their back with used newspapers.
To be sure 'lending' kids money out right sounds like a nice plan, but even if the money is not lent it is surely returned during the burial ceremonies when the bills pile up for the folks' hospital senior home and funeral costs.
Why am I proud, I know my Dad won't leave that worry behind. I may not own a home, but we cost the government next to nothing in our existance. I won't inherit money but I won't owe anything either.
My parents definitely created monsters. We have great work ethics and a spoiled at the same time. :-D
-agreed
Now that we have 2 kids of our own, we want to teach them that money doesn't grow on trees, and the value of a dollar. We've already started giving our 4 year old an allowance ($2 per week) and we help her calculate how many weeks she needs to save to buy something she thinks she really wants. It's a process, but we are determined not to raise them with a sense of entitlement. They are entitled to what they earn - and not to anything else (except free speech, life, liberty and the pursuit of happiness).
By Tammie L Anderson Coffey
A world safe for diversity
A place to learn and grow
In this place they are not
Under investigation
For wanting to explore
Preventing
Minds from growth
A government not invested in
Oppression
A social space
That is aware
Of all the pitfalls
Out in
Our global air
Balloons filled with more than hot air
So when they inhale
It fills their soul with hope
Politicians who speak
To matters as we evolve
Without an agenda
That fills them with gold or oil
Environments that are safe
To learn, grow, and explore
Without anxiety
That the government can take it all
At any time they wish
Because they are the government
Of the people by the people
We all dreamed
Would one day come to pass
That is what you give YOUR kids, along with the keys to our future in global trade, that will carry us into the rest of the world with resolve not fear or oppression.