Should Your Kids Worry About Your Finances?

(Photo Credit: http://helpwilsoncounty.com)

It was a late shopping spree for a father and son since classes just started a week ago. Inside the department store, the father said, “Okay son.  Buy 5 t-shirts, 2 casual pair of pants, 1 pair of black shoes, 4 short pants, 2 pieces of socks, 3 pieces of underwear and 4 pieces of hankies. Then let’s meet afterwards when you’re done as I have to buy my own stuff.”  Before parting ways, his dad reminded him of his budget per item.

After an hour or so, the son arrived and said “Dad, here’s my stuff.  It’s P4,500!  Isn’t too expensive?”

He was absolutely correct.  The whole process took a couple of minutes because he instructed his son to ask the saleslady to compute all the items before purchasing to make sure it will not exceed his budget.  Unknown to his son, the budget of his father was P6,000.

His son was actually concerned about the price.

Of course the father felt a little conflicted about the situation.  He was extremely proud of him for evaluating what’s worth after bargaining for the price. His father wondered why his son was so concerned about the price when he wasn't the one paying for it.  Of course it's another story, if the father is the one making the offer.

So what do you think if your son worries much about your finances? Should you let it pass by or be proud of him?

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Free Financial Seminars in Cebu and Makati

(June 14, 2014: A full-packed room with participants attending the Financial Management Talk Seminar)

Tuesday

Financial Management Talk | Registration Starts at : 6:45PM , Seminar Starts at: 7PM to 8PM

Thursday

Financial Management Talk | Registration Starts at : 6:45PM, Seminar Starts at: 7PM to 8PM

Friday

Fundamentals of Saving & Investing (Introduction to Mutual Fund and Stock Market Investing) | Registration Starts at: 6:45PM, Seminar Starts at: 7PM to 8PM

Saturday

Financial Management Talk | Registration Starts at: 2:00PM, Seminar Starts at: 2:30PM to 3:30PM