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10-29-2009, 08:13 AM
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#5
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Mommysavers Addict
Join Date: Jul 2006
Posts: 10,832
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I've seen a few of the episodes, but I'm finding it's very repetative...LOL. I realize it's a show, but I also don't think just a week of Mom/Dad living with them is really going to make much of a difference.
I think these 'kids' really need to get their heads on straight. Honestly, it's not about whether your parents discussed finances with you or not IMO. I think most people KNOW how credit cards work, they just choose to put their head in the sand. The whole 'I didn't understand' excuse doesn't fly with me. LOL
Did your parents ever talk to you about money and finances? Yes, my parents talked to us about saving, investing, credit cards, mortgages, car payments - from a very young age. We all had investment acounts and trusts from a very young age.
Teach you how to set up a budget? Not really, my Mom always budgeted everything but she didn't really 'teach' it to us. Among my siblings, we all do it a little differently. Basically you make so much money, and you have these expenses to pay before you use it for 'fun' - that's pretty much how she would talk to us about it.
What have you taught your children about money and the use of credit cards? Yes, my kids know all about credit cards, savings and they too already have savings, investments etc
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