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Old 08-25-2012, 06:23 PM
 
47,573 posts, read 60,604,538 times
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Quote:
Originally Posted by chris123678 View Post
How About if a kid works? Do you think he should contribute? I'm curious on this answer.
Depends on the parents. I know a kid whose mother really never did much of anything for him. Never taught him how to drive, never took him camping, or on any family trips. She only provided what the government provided -- food from food stamps, and public school. Not even a bicycle.

He started working and would give his mother a good portion of his paycheck. He said he owed her for all the years she put a roof over his head and cooked dinner for him.

It amazed me how ungreedy this kid was -- he grew up with nearly nothing yet WANTED to help his mom have a better life, but you don't see kids that grew up more materialistically with such an attitude very often.

My kids can keep the money they earn. By then they have to pay for gas and maintenance on a vehicle, buy their own clothes and so on.
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Old 08-25-2012, 06:28 PM
 
Location: Philadelphia, Pa
1,434 posts, read 1,546,682 times
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Quote:
Originally Posted by malamute View Post
Depends on the parents. I know a kid whose mother really never did much of anything for him. Never taught him how to drive, never took him camping, or on any family trips. She only provided what the government provided -- food from food stamps, and public school. Not even a bicycle.

He started working and would give his mother a good portion of his paycheck. He said he owed her for all the years she put a roof over his head and cooked dinner for him.

It amazed me how ungreedy this kid was -- he grew up with nearly nothing yet WANTED to help his mom have a better life, but you don't see kids that grew up more materialistically with such an attitude very often.

My kids can keep the money they earn. By then they have to pay for gas and maintenance on a vehicle, buy their own clothes and so on.
Me personally, I started work at 15, I'm going to be honest, I was pretty selfish with my money. Most of the time I spent mines on pizza. If I saw the family needed something, then that' be the only time I helped out.
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Old 08-25-2012, 07:38 PM
 
Location: Wisconsin
17,006 posts, read 17,320,800 times
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Quote:
Originally Posted by chris123678 View Post
I was on Yahoo Answers and came across some questions and one of them was this.
(This is not my question)

"Whenever I have a birthday,
The money that I get as gifts...my parents use it to buy themselves fast food & to get my mom's hair done and stuff.

They took all $200 of my birthday money ;(

This depresses me. They do this every year.

I just turned sixteen.

If I get a job they'll take that money too.
9 months ago Report Abuse
Additional Details
My parents didn't give me any birthday money.

Other people gave me birthday money & my parents took it." From Yahoo Answers

So Do You Think it's right for Parents to take their children's money?
I Think Parents should manage their kid's money and help them make good choices, but to all out take it, I find sad.
Again, The scenario is from yahoo answers. I'm 23
Wow! What a crappy set of parents!

It would be different if the parents couldn't buy food for the family or pay the electric bill and asked the child to help out with some or even most of the birthday money but to use it for themselves is totally shameful. I hope that relatives give the child any future money gifts in private.
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Old 08-25-2012, 08:10 PM
 
14,253 posts, read 15,322,955 times
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Quote:
Originally Posted by chris123678 View Post
How About if a kid works? Do you think he should contribute? I'm curious on this answer.
I did when I worked summer holidays. Money was tight and I knew it so I gave about 30% of what I earned.

But there is a quid pro quo. If the 'child' is contributing then the parental regime needs to recognize this. If they are contributing real money then they are not really a child anymore.
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Old 08-26-2012, 11:34 AM
 
Location: 500 miles from home
29,986 posts, read 16,580,107 times
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No, parent's shouldn't take their kids money. But I'm not above slipping a $10 out his wallet when he's not looking.

Only when I'm short on cash.
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Old 08-26-2012, 12:04 PM
 
Location: Philadelphia, Pa
1,434 posts, read 1,546,682 times
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Quote:
Originally Posted by Ringo1 View Post
No, parent's shouldn't take their kids money. But I'm not above slipping a $10 out his wallet when he's not looking.

Only when I'm short on cash.
I'm quite sure he'd notice,haha
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Old 08-26-2012, 05:55 PM
 
47,573 posts, read 60,604,538 times
Reputation: 22283
Quote:
Originally Posted by chris123678 View Post
Me personally, I started work at 15, I'm going to be honest, I was pretty selfish with my money. Most of the time I spent mines on pizza. If I saw the family needed something, then that' be the only time I helped out.
I was also, and my kids are -- yes, they'll do pizza and buy gifts.

For some reason, that kid turned out very generous and thankful to his mother even though from what I saw, she really didn't do much of anything for him. I suppose she raised him to be giving and caring. Or maybe he was so used to not having much that he was less greedy. Or she was the selfish one, raising him always with the idea he owed her. I don't know but he's able to hold down a job, doesn't hate his mother.
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Old 08-27-2012, 10:49 AM
 
Location: North America
14,210 posts, read 10,100,874 times
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I think a percentage of money should be forced to be saved so it teaches you good savings habits. My friends who had no restrictions on this are all usually broke as a joke, and have no clue on how to stay out of debt.
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Old 08-27-2012, 10:54 AM
 
Location: Lower east side of Toronto
10,586 posts, read 10,762,827 times
Reputation: 9292
If the family is poor- then the kid should share any money they get with the rest of the family- If the parents have their own money..and take further money from a child...well- that's disrespectful and greedy...It's like teaching the child early that they do not have any rights..That is a bad thing.
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Old 08-27-2012, 11:16 AM
 
Location: Philadelphia, Pa
1,434 posts, read 1,546,682 times
Reputation: 1604
Quote:
Originally Posted by Oleg Bach View Post
If the family is poor- then the kid should share any money they get with the rest of the family- If the parents have their own money..and take further money from a child...well- that's disrespectful and greedy...It's like teaching the child early that they do not have any rights..That is a bad thing.
Agreed, If I was a child of a rich family or financially stable family that took my money, I'd refuse.
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