Tuesday, October 2, 2012
Money Changes Everything
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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All my life, nothing has ever been handed to me. My parent's have never been the parents to hand me a credit card to go shopping. Instead, I would have to earn that mini shopping spree. I don't think children should know everything about their family's income or finances. Parents should teach them, especially at a time like this, the basics of money and finances but numbers shouldn't be thrown around. The recent decline has affected my future mostly now as I'm applying for college because I know how expensive college is and my plan is to not come out of college $80,000 in debt. I do know what I want to do for my future, but I have to plan as if I'm gonna come out of college and not have a job for a while. While I hope that's not the case, I'm trying to be realistic about the future in case these times don't get better.
In all honestly, I haven’t personally seen any changes in mine or my parents life due to the economy struggle. My parents actually have seemed perfectly fine over the past current years, for they have had even enjoyed themselves to numerous vacations. I guess its just the type of jobs they have that luckily weren’t affected badly from the economy’s damage. I feel it is important however for parents to discuss their finances with their children; There is a substantial amount of kids out there who beg for money everyday from their parents, but they may not realize if their parents are having money struggles. Children shouldn’t have to know exactly how much their parents make, I feel its actually disrespectful for them to even ask in the first place. Overall this economy decline has lowered my confidence for the future, because my parents eventually will not be there to support me through it as they are now. I’m not sure how much damage the economy is going to intake, but i’m just hoping that i’ll manage through it.
Due to the economic decline, I believe that children should be aware of their economic standing, but should also be able to enjoy their childhood. These days, it seems that everything revolves around money. My childhood was drastically different compared to my 11 year old brother’s and my college choices have been restricted due to the economy and how it is affecting our family. Not that I mind, I would much rather get into an affordable college than causing my family to scrape for money all of the time. The economic decline has affected my family greatly. We used to go on vacation every year, but now can only afford trips to Six Flags. There’s so many reasons for the economy decline, so I think everyone should just wait it out until it improves.
No I really don’t believe they have changed because my family has never been wealthy and money has always been tight. I think it’s very important to discuss their finances with their children because the children need to be considerate of how much they can actually afford. I believe that every parent would love to buy whatever their child desires but sometimes it’s just not possible. I think children need to know all expenses and be aware of the situation because then when their parent says no they will understand and they won’t be angry. The recent decline has affected my outlook on my future because I am forced to be mindful of the career that I wish to choose so that there will be a job opportunity for me when I graduate college.
In this economic decline most families have to change their habits and outlooks. Parents should tell their children to a degree that their finances are changing meaning that their life style might become a little different. If a child is use to going out to eat every day and then all of a sudden their parent tells them that they can no longer do that, they are going to expect an explanation. A parent doesn’t need to go into deep detail, but some type of explanation should be told. Honestly the recent economic decline does scare me when it comes to my future. Getting jobs right out of college is scarce these days. Will I be able to graduate from college with my master’s degree and get a job in a school as a speech pathologist? That is my dream job, but is it possible? I’m putting in all this work into school and keeping my head focused on my future, but when I’m done will it be enough?
As I got older, my perspective on money and spending has changed. However, the decline in the economy has only played a small role. The larger factor that affected my outlook towards money and spending was my obtaining of a job and having to afford anything that I wanted on my own. My family owns a small, seasonal business, and so on our down season, we have to conserve a little bit and take it easy on our purchases. I do not choose to actually ask how much my family makes in a year before taxes or after taxes, but I do not feel that knowing that should make a difference. A child understands when their family makes a lot of money or not enough to afford certain things. So in my mind, a child has no need to know how much money a family makes in a year. If anything , the decline in the economy has inspired more people to try to obtain education and great jobs this way they can make more money so this kind of issue never affects them.
My perspective of spending money has changed over the years. When I was young I would spend money like it was nothing and I would spend it on stupid stuff. As I get older and get a job I’m more conservative on what I spend my money on. Instead of spending it right when I get it I opened up a bank account and started to plan for the future. Even when I was younger my family has never been wealthy and this change in the economy hasn’t really affected my family because my mom still makes about the same type of money. Not being as financially endowed as other family’s it has hindered my ability to choose what college I want to go to among other things. I don’t think children should know how much their parents make because that shouldn’t affect how much they hope to achieve in life. Money should never be a hindrance and you can achieve anything if you put your mind to it. I think children should try helping out their parents with finances and be understanding.
Yes, I do believe that my outlook and habits have changed due to the effect of this country's economic decline. Due to this economic decline people may have their incomes lowered and getting downgraded is a possibility or even losing their jobs. Well, how are we kids affected? Sometimes the things we want aren't possible to be achieved. Since incomes are slightly lowered my parents are more careful about their spending on non-necessities. That has affected me. It is also very hard to find a job right now because of this economy and I have experienced that myself. I found a job last summer as a camp counselor. Since I got a job I realized how important it was to save up your income and not spend it on things that aren't totally needed since the income wasn't that significant. Obviously my habits have changed as a result of my new outlook. I do not go to the movies or out to eat with friends as often because I now would have to use my money. In this economic time it wouldn't hurt for parents to warn their kids about possible habit changes in the family due to lower income. It's a good idea for them to be aware that there could be some changes in their life style as well. Maybe kids shouldn't know exactly what their parents make because that is more personal and private. As long as they know about their slight decrease in income. The decline in this economy will definitely affect my future. First starting with my college application process. As a result of the declining economy, colleges have become even more competitive. It is exceptionally harder to get into state SUNY schools now which were once easy to get into. Students that want to get into a good college like me are working harder to achieve the higher standard criteria to get into those newly competitive colleges. As for jobs, when I get out of college and the economy is the same I will have a tougher time finding a steady good paying job. Hopefully my college education will help me find a job a little easier.
My life has been completely turned upside down as a result of the economy. My family is currently putting two children through college and it will be a struggle to put a third through next September. For this reason, I will not be able to fulfill my dream of going to school in New York City and will be forced to attend a SUNY school to save money.
In an effort to make sure my other dream--attending the 2013 All-Star Game at Citi Field--doesn't fall through, I got a job this summer and have not spent a cent of my paychecks. I was able to take this precaution because my parents shared with me the financial trouble we were in. This is how I have learned, first hand, that parents should always be upfront with their children about their financial situations. Every child should be presented the opportunity to take control of their own future, because if I was not given that power, my future would not look too bright.
As of right now, I view the future as a scary thing, and a job seems nearly impossible to obtain. This is why I am working hard to improve my own image of the future.
Fortunately for my family and I, my mom just opened her own business about five years ago at the time of the recession. It has been very successful so luckily the economic decline hasn’t really affected my family all that much. I strongly believe that children should know their family’s finances, especially when in high school and starting to apply for colleges. This way children can have an idea of how much life really costs and how much they might have to make when they are older to have the kind of things they had when they were children.
My habits in regard to money have changed in this country’s economic decline. This is because I was able to spend lots of money in the past, but now I have to watch what I have to buy since the economy is terrible. I can’t spend money on anything unless it’s something I really need and not just something I want. In this troubling economic time, I feel it’s a good idea for parents to discuss their finances with their children. This is because children should how to use their parent’s money and their own money when they get older so they don’t have to spend the money on unnecessary, worthless things. Their children would understand if their parents can’t get them something since they already discussed the financial issues with their parents due to the lack of money they have. I think children should know much money your parents will make so they understand what their parents are able to afford for them. The recent decline in the economy has affected my outlook on the future because of college. I would have to look out for what colleges to apply because of how much their tuition are and discuss with my parents to see if I’d be in debt or not from student loans. It may affect my job prospect because I wouldn’t be able to get to the job I desire if I can’t into a good college that makes me successful when I apply for jobs in the future.
With the economy declining, parents must keep track of money spent within their family. I personally haven’t changed my outlooks or habits with regards to money during this decline. My family has been very lucky and fortunate in not being affected by the economic struggle; however, I do not take advantage of my parents and go around spending their money like it grows on trees. I tell my parents what I spend when I go shopping and never just take money from them without asking. I don’t think that parents need to scare their children to death about financial problems, but children should be warned and at least introduced into the topic. Warning their children what is going on in the world and the finances within their family is important. After a certain age, children should know about how much their parents make just to have an idea of what life is really like. Parents should explain to their children that they make an x amount of money and need to pay y amount for all the bills and other things. It will help children to really open up their eyes and see the real world. With the economy in trouble, it makes it scarier for our generation because we don’t know what the job market will be like in our future. It makes us have to work harder and really not give up so we can one day be successful and have steady jobs.
I think that it is crucial that children know their family’s financial situation. This will change the mindset of the kids and may discourage them from any unnecessary spending. If the kids know this, it may leave kids asking for less and earning more by getting jobs and working hard. Many kids might want to grow up to make a good living so that they can make a better life for their family. The economic decline is inspiring many to seek a good education and attend college. I know that the economic decline is pushing me to go to a great college and have a high paying job in the future. Every dollar counts and I want my family to have a good life in the future, even through our hurting economy. I think that everyone is impacted by our economy right now and that it is key for everyone to understand their financial situation so that they can prepare for the future and brace for economic decline.
Honestly, I havent seen any changes since the economic decline. I dont think parents should tell or discuss their familys income or finances. I feel like its not something they should tell their kids. And they deffiantly shouldnt discuss with their children how much they make because if the parents dont have a good working job, they might not be able to send their child to college. It has affected my outlook on the future big time. Wanting to go away to college is going to be 10 times harder. I want to be able to go away and pay without going into $50,000 debt. But I really hope thats not the case and im trying to put myself in a position to be realistic incase it does not get better by the time I go to college.
In this economic decline I have used to manage my money more efficiently. I have a job and try to save as much money as I can for the future. I believe it is important for parents to talk with their children about their financial status because it will teach their children to budget and not spend every little dime. I believe children should know how much money their parents make so that they know their limits and don't ask for highly expensive things that they know their parents can not get them. The recent decline in the economy has effected my future because I will save money and learn to only buy the things I need so that if I need money in the future I will have it saved. Also, I will work hard to have a high paying job so that hopefully financial aspects will not be an issue in my future.
The economic decline has definitely taken a toll on my family. I feel that children should know a certain amount of information about their family's income and finances depending on their age. If a child is very young and cannot do anything to help their family's economic situation, their parents should let them enjoy their childhood. However, when children start reaching their high school years, I think they should become acquainted with their families financial situations. Not completely exposed and stressed out, but definitely informed. I think that if children want things, they should buy them on their own. If they don't have the money, they should work part time, if their schedule permits. There's a fine line between educating children and overwhelming children, and the key to keeping the situation balanced is not over crossing that line.
Luckly, the economy has not effected my families life. Although, that does not mean that my family gives me everything I want. I have two jobs in the summer and I have to work for the things that I want. I believe that it is important for children to understand the economy. Yet, I do not think that kids need to know to a full extent what their families finances and incomes are. As a child, they should not need to worry about their families budget and how it will affect them. The economy has affected my outlook on jobs because in this time, one needs to get a good job to become successful and getting a job has become much harder. Although, the economy did not determine my decision to become a nurse, it has made the oppucation more competitive to get into.
Growing up my parents have never handed me a single thing. I either have to work for what I want or I just don't get it. The economy today is so run down that for all of those families who do get what they want have to suffer now because of it. I don't believe parents should sit down with their kids and teach them money habits until they are around 17 or 18. Parents should start learning how to say no more often so they don't have to run into this problem later on in their lives. I do believe that once kids hit 17 or 18 they should be taught how to properly save and spend their money so they don't have to go through this horrible economy issue either.
Ever since I was little nothing has ever been handed to me, my parents don’t believe in giving your kids whatever they desire because sooner or later they will want everything and you won’t have a control over your kids. The recent economic decline hasn’t affected my family that much, it has just gotten harder when you have an older sibling in college and you have to cut down on all the nice things you can buy. As I got older I realized how important it is to save money for yourself because you are going to need it. I truly think that times will change and the economy will improve for the later years. So many people now days are trying to attend college to better their future and get a good job so they can have success in their future.
In this country’s economic decline my habits in life have not changed drastically where I have to change my daily routine. My outlook, on the other hand, has changed. It is frustrating how prices of necessary goods are going up and there is nothing that the consumer can do about it. Children should not have to worry about economics and should be able to enjoy their youth. In some cases is it important for parents to limit their children to overspending them into debt. Yes, children should have the opportunity to do all the things a child should do, but only if it is economically available for that family. I do not believe students should know how much their parents make but that they should just be aware of their economic status. I think that children should be aware of their parents economic situation whether or not they live comfortably, or if they have to watch every penny. The recent economic decline has worried me into thinking that there will be no jobs available when I get out of college, but hopefully by that time much more job opportunity’s will arise.
I think that with the economic times in this country, parents are obligated to sit down with their children and tell them about their current financial situation. In doing this, the children can understand what the family is going through and what they should expect out of their parents. Holidays for families that have it rough financially are especially hard for children because they are expecting of new gifts and stuff, but sometimes their family cannot or should not spend too much on gifts when they are not financially stable. Me personally I haven’t had to worry about my income as much as other people, but I do still have great value for my belongings. I understand the value of money and how hard it is to maintain it and keep it, especially in times like this. The decline in the economy doesn’t make me feel overly secure for my future job, but I know that with my skill set and background I can still one day be very successful, as long as Obama doesn’t further ruin our country.
My father works very hard and has been able to give me basically everything I have ever asked for. Although this economy is hard and money isn't as easy to make my parents have been able to get by quite well adjusting to the economic times at hand. The spending has decreased in some areas such as food and vacations but besides that I don't think there has been any radical changes to our spending. I do think that parents should share how they are dealing with the tough times because the lessons they learn now can potenittally save them in the future and also teach them to be conservative now. As far as children knowing how much their parents make, i do not believe the parents should tell them. It is private business and does not concern the child. Maybe when the child grows up and makes money of his/her own then the parents may divulge that information. The economic downfall has effected my outlook on job prospects in an indirect way. The constant debate between who has the better policies (democrats or Republicans) and my anger over Obama's policies have turned my interests into politics. So in essence my job future has been changed by the economic down turn.
To be honest, I haven’t experienced any changes in my life due to the economy, however my outlooks have definitely changed with regards to this country’s economic decline. I truthfully believe that children, especially students our age, have the right to discuss their families’ finances and current economic status in the economy. Yes, children should know how much their parents make, however I don’t think they should worry about it too much. Childhood should be about living a carefree life. I think kids should be aware of the economy, but not stress too much about it at this young age. Thinking about the future however, I do tend to worry about how I will make a comfortable living. This recent economic decline has lowered my confidence, but I believe in myself, that I will make it to a successful career.
People need to understand that there is tough economic times and that there is not an unlimited supply of money. Parents have bills to pay and kids can not always get the money to do what they want. Kids don't have to know exactly how much their parents make but they should have an understanding of their families financial situation. If kids have an understanding of their families financial situation then they won't be as suprised and dissapointed when they are told they can't go somewhere or get something that they want. I think that the economic decline has affected my outlook on my future. I know that I will need a job that pays well to support myself. I also know that I will have to get a job that is in high demand because jobs are being lost, not created. The economic situation in the country has affected families everywhere.
In my house and family I have not seen any difference in our lives because of the economy. my parents are lucky I guess because of the jobs they have. Im not a child who begs for things or asks for a lot. My parents do a good job of doing all they can for me and my sister. But when they cant do it we understand. I believe children shoudlnt know how much money their parents make finacially. I know that in the future my parents wont support me and this kind of scares me because
I will have to work harder due to the economy. but I know I can and I will do my best.
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