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14

It is never too late to teach your kid where money comes from and what it is worth. Since he is a student, his opportunities to earn will be somewhat restricted. Here is what I would do I would tell him that I don't want to have to evaluate individual requests like "Can I have a car?" or "Can I have $100 to go out for the evening?" Instead I want to ...


9

At 19, don't be too sure the mindset he presents to you regarding material entitlement is one he actually believes in. He may simply being trying to manipulate you into giving him what he wants. It sounds like he pushes for these things because it works (at least sometimes). Even if you haven't ever given in to his requests for money, fancy clothes, or ...


8

"I'm so sorry to have to ask this, but we don't have enough money to live on. Can you help us out financially?" If this is embarrassing, chalk it up as the price to be paid for not having raised the kids to be able to talk about finances in a straightforward manner. Just as with sex, finances are a topic that you MUST educate your kids about as they are ...


7

I am a parent who employs a nanny for child caregiving purposes. I believe we pay our nanny a fair market wage, but if she wanted a raise I would want her to ask for a time to sit down with my husband and I (her joint employers) in person other than a time she was scheduled to work. I would want her to have a reasoned explanation why she deserved a raise. ...


5

I suggest you go back and read the full report you cited more thoroughly, as I doubt you will find anything better than that. It is 32 pages long. You will find: If your gross income level is less than about $60K, you will spend about 25% raising a child. At $60k-$105k, you will spend about 16%. Over $105K, you will spend about 12%. These are averages ...


4

I know my answer is tardy but I'm going to set this out here anyway. We have a mother in law who always makes uncomfortable comments about things we've purchased, And then . . . These comments especially seem to upset my wife, who has guilt issues, who had to deal with this growing up and never wants to spend money on anything. So... based on ...


4

First and foremost, your parents are the only parents you have, and they will always be your parents. It can be easy at times to forget this, particularly while you are angry at them, but underneath it all, they're your family, and you (almost certainly) love them. Being angry/disappointed/frustrated with someone is not mutually exclusive with loving them. ...


3

19 years old ! This "kid" really needs a reality check. Some suggestions - Try to find out why he needs more. To impress girls, to fit in with the rich crowd etc. ? If those are the reasons behind his behavior, then explain why he should not spend money on those things. Tell him to get a job as short-term experiment and see how money does not literally ...


3

Let me guess: whenever you try to talk sense, the conversation QUICKLY winds up elsewhere... either about his 'friends', or it degenerates into arguing about nothing, or any number of things, but it winds up ending on a subject other than what you started on. If this is the case, then it is willful ignorance on his part. In other words, some part of him ...


2

Here's a different take on the cost of raising children from the Fraser Institute (2009) in Canada which looked at numbers for Canada, the US, Great Britain, Australia and New Zealand. They found a significant flaw in traditional methods of calculating the cost of raising children, which is that adding children to the family doesn't so much add costs as it ...


2

The first thing to do is to take a deep breath. This is a situation with a lot of emotional ties pulling your girlfriend in many different directions. There are a lot of relationships involved so at some point, so tread lightly. That said... Consider where you want you, your girlfriend and her daughter to be in two year's time. That's your short term ...


1

Can she find another woman in the same situations who she TRUSTS? Through some church group maybe? One of them can watch the kids, one can work and pay her half? Two kids are really easier to take care of at that age than only one, they keep each other entertained. Or they can both get part-time jobs and watch the others kids when they're not working?



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