Are you spending too much on your kids?

I have to honestly answer yes! For me, I would like my son to experience alot of things so I make sure I get to bring him to places and see alot of things. They only past their childhood once thus I want to make it memorable for him. A lot of people may say that he will not remember it, I still want to have fun with alot of things with him.

I don't have kids yet. But when I do, I figure my partner and I will contribute 7.5% each of our income to a kid fund. This will cover lessons, college savings, clothes, toys, allowance, and so on. We will each pay 30% to our combined house needs. They remaining money will be our separately to do what we want with, separate from each other. This seems like a healthy plan to me. The adults can still be viewed as separate people, each with responsibility for the kids.

I'm not spending too much on my daughter. I do not have it to spend on her anyway. She has what she needs though. she also has a job now to be able to help herself also.

i wish i could spend much on them. for they deserve it. but i am a single mom and i have four children. my income are spend mostly on bills. we can only go out twice a month. they understand i know but i wish i cound spend more for them. for my future? no. i couldnt even save a litle now and i no longer think about my future my children needs it and that is what i have in mind now. their future not mine.

My poor kids have to work for their money. My boys all have jobs. They are 14, 16 and 19. The 19 yr old actually just bought himself a house, so I guess we must have done something right with him. My 8 yr old wants stuff all the time. I will give her money only when she does chores or helps out when not asked. I run a daycare and over the summer she helped me watch a set of twins , so I paid her $5 a week. She thought she was a millionaire! But the good thing is she saved her own money that she made and buys her own stuff. I am saving for retirement. Probably not as much as I should, but my husband and I have stocks that seem to be doing very well.

I am not spending too much on my 5 and half years old daughter. I am sure, spending too much is very bad both for her and ours.

I have never spent too much on my sons.They are grown up now, 24 and 20 years respectively. I am a single mother. We do have financial problems, and so both are trying to help me out by earning money one way or the other. So I guess I brought them up right. Both are still students. My older son was accepted for research by the University of Glasgow, but could not get a scholarship. So he could not pursue it. He is trying again for next year. So you see, he understands what it is to be without money. My second son is training to join the flight cabin crew. Again finance was the problem of not doing what he initially wanted to do. Now he is going to work and save to study on his own. So all put together, they have learnt to manage money.

I don't think i am spending too much on my child... since i only buy what is necessary... i would like to save... but my current financial situation does not permit that... but when everything is okay... i would surely save for the future... for the education of my daugther and future children... for retirement... or simply for emergency purposes...

YES I spend way too much much on my three children. I don't have a lot of money but what I have I do spend on my children. Sometimes I feel it is because I feel they lack what the rest of the children in the community have so I try hard to let them have what they like. Though I feel they are not spoiled and when I see that I have pulled back.

Hi red, Although all my kids are grown now I can relate very well to what you are saying here. I know that many people do spend much more on their kids than is necessary. It is important that we take good care of our kids especially in proper food and health care, but not to give in to them every time they want something. When kids reach a certain age, it's a good idea to give them an allowance, and have them learn how to handle money wisely. I also like your idea about retirement savings, it's good to have a percentage in mind, so that we know that we are on tract. Blessings.

Hi dear the way u define the saving, i must say that i am not saving that much of ammount, specially in these current scenairo, where every thing is going Up Well, no more comments, as i know i am just spending normal life, not too much lavish Take care

Good topic. My husband and I have not been thinking about future costs but I also do not spend too much on my children. I buy them things here and there and they have most things that they want but they usually get it for christmas and birthdays. My husband and I also own a boat and a camper so I think we spend the right amount on them. If they want anything extra they have to work for it. And they get an allownce that they save and can purchase what they want from that. Thanks

For me their is no such thing as too much for my kid. As a parents we always want the best for our kids for them to be equip in everything in life. I guess you can not really quantify what you give to your kid since that is what we should do , our obligation to them as their parents. So i just give just the best and i dont usually think of that as too much

You are not helping your kids when you give them things, they don't learn to earn things and to have the responsibility for what they receive. This puts such a hardship on them when they have to live in the real world.

Our lifestyle is average, or modest, shall we say? Anyhow, I think the best that I can do for my children is to spend on then necessities that they need.

I do spend too much in my children if it would be the level and overspending it if it would come for the children needs and I never think of saving for my retirement saving for my country already deducted unto it in our basic salary that they ahve given unto us for our monthly payment.....

well kids nowadays seems to know what's the most exciting and expensive thing in the market that they would like to have ... most parents of a middle class family are always under pressure to meet their child's needs and getting their life secure.. usually kids are to be taught not to want anything they may like.. they should be taught to see reason that their parents may not be able to afford much costly presents... of course once in a while they could say to their parents what they want the most and i am sure any parent will be more happy to get their children what they what the most...

Hi red... i must be the stingiest person on this planet.. i try to save on everything down to the last penny i can bargain... but when it comes to my son....oh boy... i don't mind... I buy him everything he wants and need...i knwo it's not good... but i was so deprived of so many things when i was little and didnt have much toys and all... now that i am grown and could afford the things i didnt have when i was young. yet i dont want my son to feel jealous on other kids' stuff..i know how that s*cks...i felt that before.