Parent Guilt...when it comes to finances

NewHope33
Wed, 09 Mar 2011 16:39:13 +0000

I’m feeling guilty too. I gave my S a brand new BMW for his 16th birthday, and he totaled it two weeks later. Of course I said “don’t worry, just go pick out a new one.” But he says the one he wrecked was underpowered, and he really wants one of those hopped up AMG models. I said no … but I’m feeling guilty about it. Should I buy him the AMG model? (It’s about $30K more than the standard model.)

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No, of course it’s not me. But I didn’t make this story up. (A relative.) My point is that everyone lives different lives. Some people spend their money educating their kids … some spend it on cars and trips and graduation parties.