When every dollar counts, parents are having to say no…when all they've ever said is yes. Has your outlook/habits with regards to money changed in this country's economic decline?
In this troubling economic time, is it important for parents to discuss their finances with their children? Should children know how much money their parents make?
How has the recent decline in the economy affected your outlook on your future?
job prospects?
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Not really a big deal, parents should always discuss finances with children. There is no reason not to. It hasn't changed how much I ask my parents for money. obamas a communist
During these times of economic crisis it is important for children to know the situation with their family. Children don't need to know exactly how much their parents make, but they should know enough to understand the economic limitations of their family. In the country's economic crisis my outlook with regards to money have changed. These hard times have helped me realize how important it is to save money and get a job as soon as you can. Also it is important to not waste your money on useless things. The current situation has definitely changed my outlook towards the future. Knowing how hard it is to make a good amount of money and obtain a profitable job has shaped the way I'm looking at different career paths and even different colleges.
I think that lately my spending habits have been a little tighter because I’m saving up for a car but I don’t think that I am influenced by the economy as much as my parents. I know that my parents have a lot of money in the stock market and that hasn’t been doing well lately. I think that parents should discus with there children finances because then the children might also be able to realize that there parents can’t just go out and spend money on luxury items. I think that kids don’t really need to know an amount that there parents make but they should at least have a rough estimate on there salary. I think that it might be harder to pay for college now that loans are tighter, and maybe the job market might be a little tougher.
During our financial crisis, it is essential that everyone understands how to spend their money. One way that it has affected my life and many others as well is knowing where to apply to colleges. I am considering going to a college thats more affordable even if it doesnt have the great prestige. Dorming could also be a big issue for many people.
My outlook and habits about money have changed slightly yet i am still not making many drastic changes in the way i live in order to save my and my families money during these hard economic times. I have, however, become more concieiencious about how much certain things i want and ask for cost and how spending too much will limit and hurt my familys financial budget. I belive that parents should discuss the economy and the familys financial situation with their children yet not reveal their income unless they desire to do so. The recent economic decline makes me weary and fear the future when i become on my own however i still believe that we will get over this decline and return to economic activities like normal.
My outlook and habits about money have changed slightly yet i am still not making many drastic changes in the way i live in order to save my and my families money during these hard economic times. I have, however, become more concieiencious about how much certain things i want and ask for cost and how spending too much will limit and hurt my familys financial budget. I belive that parents should discuss the economy and the familys financial situation with their children yet not reveal their income unless they desire to do so. The recent economic decline makes me weary and fear the future when i become on my own however i still believe that we will get over this decline and return to economic activities like normal.
Parents should discuss the finances of the family with their children because it does affect them. Kids should know about the finances of the family because they, shouldnt put more stress on their parents by asking, for things because it makes the parents feel bad because they have to say no. The decline in the economy doesn't really affect how i ask my parents for money, because i try not to ask them in the first place. I figure when i get older i won't be getting my parents to pay for things for me, so i might as well get use to it now. Also i don't think my parents should spend a lot of money on buying me new clothes and things like that when they can spend the money on more important things.
I beleive that it is always important for parents to discuss finances with their children. In tought times, kids should be aware of the burden that is put on thier parents and they should recognize that they should be a little less slefish when it comes to asking for and spending thier parents money. Personally, the decline has not really effected me and my spending habits. If I need somthing my parents are willing to still spend and if I want something I have plenty saved from working.
Just because our economy is in a decline I didnt change my spending habits. Yes im a little annoyed about some things being priced a little higher but ill still buy what ever it is if i have the money. I beleive that parents should tell their kids how much they make. This would be good because then kids would have the initiative to help out there parents like if they were to buy you a new car you would put your money towards it to help them out. The recent decline hasnt really affected my outlook on my future. It hasnt because these things happen and eventually go away. Theres no telling how short or how long this decline will be so I am just not worrying about it.
Parents should not discuss finances with their children. By where you live should help you figure out "how much your parents make" if you really were that concerned. my outlook/habits have not really ben changed because the economy is hurting as a whole not individually at the moment. The economy is not really scaring me at the moment, its not all Wall Street, its the entire country as a whole. Jobs are the only thing that could be a factor that could create a problem for this generation to come.
I feel that parent's have no reason not to talk to their kids about finances. Every family is different and I think that kids have the right to know why their friend can get a pony for their birthday and you are stuck with a new winter jacket. Money is now a major issue for people and even teenagers are feeling the pain. Working 20 hours a week at minimum wage with taxes taken out leave me just enough money to keep gas in my car and put the rest away for when my insurance is due. I had to work 45 hours a week over the summer just so I could keep up with my riding lessons, and by that time I didn't even have enough time to take them. Money isn't really having an impact on which college I chose or what career path I take. I want to be an equine veterinarian and I have known from day one that it will take a lot of schooling, which means a lot of money. I am willing to take outu loans and go into debt in order to achieve my goals.
Though the economy has not been doing so good lately, my outlook and habits have not really changed. I guess you could say that I'm cheap, but I don't really like spending money a lot on clothes, or other things that most people spend money on, because I feel like it's a waste. This is probably because my parents don't like to waste money either and this aspect has been instilled in me. This is why I think it is good that parents discuss finance and money with their children, so that they will make smart decisions in their future. I don't think that it's necessary for parents to tell their children how much thier income is because it will just cause thier children to worry or create false thoughts or expectations within them.
I think parents should talk to their kids about the economic situation we are in. It's important that they understand why their parents' spending habits have changed. I think everyone should know how to spend their money wisely. Use your money for your needs, not wants. Once the economy "recovers", we will start to see people spending more. Part of the reason we are in this situation is because people are afraid to spend their money. My spending habits have changed a little, but not drastically. I hardly ever ask my parents for money anymore, but I instead save up my own to help them save theirs.
Besides my hundred dollars in AIG stock totally plummeting, my outlook/habits regarding money have not really changed because the economy isn't directly effecting me at this point in time. I think parents should let children know their financial limits but children should not know exactly how much their parents make because kids aren't making economic decisions for their parents. The decline in the economy has affected my outlook on the future slightly but I believe we will pull ourselves out of this recession fairly quickly. My job prospectives have not changed because I was not planning on being an investment banker.
My outlook and habits with regard to money have changed slightly since this country's economic decline. Although I did take into account the cost of things prior to the decline, I find myself becoming more aware and more aware of it now. I think it is important for parents to discuss their finances with their children during this troubling economic time because children can hopefully participate in saving money and develop a better understanding of the economy. I believe children should know how much money their parents make. I don't really see a reason why they shouldn't but I'm sure there are many. The recent decline in the economy hasn't really affected my outlook on the future. This may be an ignorant way to look at the situation but I'm assuming the economy will be back to normal by the time I am out of college and looking for jobs.
In the recent weeks my outlook and habits with money have not really changed. I feel that I don't make enough money, like my parents or oter adults, to be concerned with my finances and actually have spending habits. I think that parents should talk to their children about their finances, only when their kids are in high school and college. I think that discussing the economy and money with an elementary student really does not serve much purpose. As a child gets older, they should be informed about the economy as they soon will play a huge role in the work force.
With the economy being the way it is, I have heard my parents saying how they are really going to need to cut down on spending. My parents are not really big spenders in the first place, so I am not exactly sure what they mean when they say they are going to start cutting down. This does not really affect me, however, because my parents have never spoiled me. At this age, I pretty much pay for everything I do/buy. I think I will only be affected when Christmas comes; I am not expecting as many gifts as I usually have gotten in the past. I think children should be informed about the financial crises so that they are more understanding when their parents say no to them. I do not think they need to know how much money their parents make though. It is irrelevant and probably not even comprehendible for them.
i think its good that aprents discuss finances with their kids. being more informed can only help you. my view on finances has changed since the recent economic crisis but what realy scares me is the new socialist who might become our next president, not gonna lie if he gets in... were screwed... :)
My outlook with regards to money has changed in this countries economic decline because my family is being affected by it and my parents have discussed with me that I have to try to conserve gas for my car and make sure I have a job so I can pay for things and not have to ask them because they are running low on cash. I'm fine with this. I think it is important for parents to discuss their finances with their children because they should know whats going on, and if change, in regards to money, in the household is changing, children have a right to know why. Children should not know how much their parents make because they can brag to their friends and it can cause a series of conflicts. The decline in the economy has affected my outlook on my future. I am very worried about how I am going to get into college if loans are the sole purpose of the declines because I am going to need to take out some loans. This will affect my job prospect because if I can't aquire the money I need to put myself through medical school, I may have to change my job path.
My outlook and habits with money havent changed so much due to the decline. I think that its a good idea for parents to discuss their family's financial situation so that kids understand what is going on. they need to understand why things could potentially be changing and i dont think that the parents should be embarrassed and keep it from them. the outlook for jobs in the country has definately declined due to the economic situation and it is scary to know how difficult it will be to get a job when you graduate from college and head out to the real world.
Not much has changed for me in the respect that i never really asked for much from my parents. i never got everything i wanted and because of that im not much of a greedy person. i know i have to work for what i want and earn it. this situation has changed my views on how i spend my money however. i babysit and hopefully, now that field hockey is over, will be getting a job soon. i have always been good with my money but now i am even more careful that i drive and have to get gas. because of this situation, or maybe just because i am getting older and starting to realize things, i dont ask my parents for certain things that i know they would pay for. i try to chip in and pay for big expenses or even the little things that i know would be easier if i just paid for them. i have been looking into a great deal of scholarships and trying to get as much money as i can from schools. i think it is extremely important for parents to talk to their children about money and what and how to spend it, and to remind them that it is important to get a good education to find a well paid job that you enjoy so you can live comfortably. i plan on going to college and doing so myself, and hopefully i will remain stable economically throughout my lifetime.
During this fincial crisis I think my spending and my parents spending habbits changed through this econmic crisis. I have been saving a majority of my money because i am saving up for a car, but my parents have been saving a little more money for more important things like college for my brother and I. It is important for parents and their kids to be on the same page with their finances.
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