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Parents helping bad?

Answered 4 years ago

I’ve seen so many posts on here where ppl have the opinion that if your parents gave you money to help you out in life or that you live at home that it is a negative thing. Why? If they are in a position to do so why is it such a bad thing a parent helping out a child. I wish that I can help my kids out so that when they grow up they don’t struggle like we did and hopefully in turn they help their kids and it goes down each generation making life a little bit easier each time


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ANSWER
4 years ago
My parents couldn't help us, which is fine. But we live very comfortably and while our children are only young we are already planning to give them a big head start in life. They are our children and we want to help them in anyway we can. And if that's with a house then lucky them :)

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REPLY
4 years ago
You’re not teaching your kids anything

REPLY
4 years ago
Why not? Teach them to be grateful and responsible with their money and use their money to build their wealth and to pass it on to their children. To be kind generous human beings. That’s what stops the cycle. Or should they turf them out at 18 to struggle most of their lives and then when they have kids they struggle as well.

REPLY
3 years ago
What a load of rubbish and what a miserable view on things.

I 100% agree with the last comment and I’ll be doing the same.

My children will always be welcome in my home and whatever is mine is always theirs.

I will leave to them as much as I can because I’ve worked my arse off for what I’ve got and I do every single thing knowing that when I retire I will be able to find my own retirement, not be reliant on government assistance I hope, and leave plenty for my children, or if they’re doing ok, my children, niece and nephew.

If I outlive my husband our wealth and assets, whatever that is, will be divided between our children x3 and our niece and nephew. Why not share the love and support as far and wide as we can.

ANSWER
4 years ago
I think that If your parents are in a position to assist you’re very lucky. Mine a like children, I’m always helping them.

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REPLY
4 years ago
Do u think that ur enabling them?

REPLY
4 years ago
Never learn to fend for themselves if you're always there to do it

ANSWER
4 years ago
I’m talking more about the kids doing the right thing and using money given to them in a correct way. But more so the living at home. I tend to see ppl getting bagged out for living at home and saving say while they are in the 20s. Coming from a woggy background it’s normal for kids to live at home up until they are married sometimes, this is a good opportunity to save as expenses would be quite low. I don’t see why this would be a negative because I didn’t move out when I was late teens early 20s. I used that time to start setting up for the future I didn’t see it as sponging off or using my parents and they didn’t expect me to move out they were happy to have me there. I guess my question as well is why do we expect kids to move out so young these days as well ? I know we want them to stand on their own 2 feet and adult but with things so expensive these days and it is so hard to buy a house are we sending them out there to struggle? I just don’t want that for my kids I’d rather have them home a bit longer help them buy something and they can pay off a mortgage while living with me and not having to pay a mortgage and rent. Not sure if it makes sense

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REPLY
4 years ago
I'm one of those people who moved out as soon as I turned 18 and could sign a lease. I damn near ran out of my parents house, it was toxic as hell. My parents made it clear: at 18, you're out. It didn't matter what situation was happening. You leave at 18.
I used to get annoyed when my peers would brag about how much money they had and bag me out for not having the same luxuries as they did. But the thing was, 9 times out of 10, those bitches didn't pay for nothing. I mean, they'd come to my place and eat my food and if we went out I'd always pay for the lions share of shit while they paid less than their share. Plus, every single one of them still lived at home with their parents, getting weekly pocket money, plus their wages from whatever job they'd be working, plus their parents would give them money if they asked. My parents couldn't and wouldn't do that for me. It was a lot of jealousy on my part. And some shitty entitlements on theirs.

-continued below

REPLY
4 years ago
Continued -

As I've grown up and wised up, I realise that I shouldn't begrudge someone because their parents made better financial decisions than mine. I should be happy for them. And I should strive to be that way for my kids.
I think you're right. As parents, we should be looking out for our babies for as long as we can. I told my kids that they don't have to leave home until they're ready to. That they'll always have a home under my roof. They can stay with me and save up their money for as long as they want. Even if I'm an old wrinkly hag pottering around with them. They only ever have to leave when they are ready.

REPLY
4 years ago
Thank you I think you understood what I was trying to say. I know not everyone can stay home if it’s toxic then you have to look after yourself but if you can then I don’t see what’s wrong with living at home with your parents in your 20s.I’m not saying let them bludge and free load. I think it’s also up to us to teach and guide them about money and responsibility.
I love how even though you had to tough it out you don’t have the same thoughts of your parents and would make your kids leave at 18, by helping them they will be able to hopefully help their children one day and so on. If more ppl could do this maybe it would break the cycle. I dunno

REPLY
4 years ago
^^ Love your responses ladies ❤

REPLY
4 years ago
Does anyone else think 18 is young these days ? I feel like kids are more immature these days it’s all make up selfies tik toks. 60yrs 18 you were already off getting married talking kids

REPLY
4 years ago
Extended adolescence and it just keeps extending and extending until they're 60

ANSWER
4 years ago
It isn’t a bad thing to help out. But it’s wrong for those people who got help to bag out others who are struggling by saying they are not working hard enough. My sisters inlaws are always bragging about how they are business owners. And everyone without their wealth is beneath them. They won’t even have anything to do with my parents because they are just your average people working hard to make ends meet. The in-laws don’t admit that they received 3 million when they sold their parents farm AND a two storey house in an affluent area AND their parents bought them their business. A business that they don’t even work in. They kept the same staff on board when it was bought and they just sit back take the profits while going on about how hard they work. They would never be where they are today without parents help. And good luck to them, lucky them, but they shouldn’t be arseholes to others less fortunate.

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REPLY
4 years ago
This, plus people who got help who can then afford to be SAHM shouldnt be putting down us mums who didnt get help and have to work but Ive seen that happen lots.

ANSWER
4 years ago
Elton John is not helping his kids in future or leaving them his money

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REPLY
4 years ago
They already have an advantage though as everyone will know who they are and that in itself will provide them many opportunities. Perhaps that is why.

REPLY
4 years ago
I’m sure he will in some way. Surely he’s not some tyrant that won’t give them some sort of help. Might not be money wise but he will provide them with opportunities

ANSWER
4 years ago
My daughter is 19 and living at home. She can stay as long as she likes. She’s my child and I’m happy to help her out. My parents didn’t help me but they weren’t in the financial position that I’m in and that’s ok.

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REPLY
4 years ago
Good on you mama ❤️ Do you think she is young to move out?

ANSWER
4 years ago
The people responding in the negative are jealous. It isnt a bad thing. My parents didn’t help me, but I’ve been saving since my first was born to be able to help mine.

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REPLY
4 years ago
I agree 100%

REPLY
4 years ago
I agree 35%

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4 years ago
Not jealous

REPLY
4 years ago
In your opinion they’re are jealous. But you don’t know all these responders so you can’t speak on behalf of them.

ANSWER
4 years ago
Some people seem to think they're important enough to be seen as some sort of pinnacle, as they make their unwanted opinion then try and verify it to the effect of 'I never received/asked for money from my parents. I did everything on my own'.

These people need to go about their own business and not involve themselves in the lives or decisions of others, which is an all too common scenario these days.

If you need help/can provide help, there's nothing wrong with that.

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REPLY
4 years ago
I don’t quite understand what your trying to say. Have you jumped in from another post?

REPLY
4 years ago
The op wasn’t talking about people who say that she was talking about when people do say they lived at home to save and then people bag them for doing that when it’s a completely smart thing to do. It could help them getting into the property market where they themselves become owners and not renters

REPLY
4 years ago
People who bag out others usually do from a place of their own experience, such as never receiving help from parents, so feel entitled to bag out other people for needing help.

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4 years ago
I think so too. My parents let me stay home and I saved so I could afford to buy yet when I say I lived at home to save I get bagged for it. I get “yeah but your parents helped you” I don’t see why that’s bad for them wanting to help their child out in that way I really don’t see it as a negative. And I’m sorry they feel that way just because there parents made them move out quite young. Do you think it’s just jealousy?

ANSWER
4 years ago
Speaking from someone who lives “silently” wealthy. It only causes jealously. People often complain to me about how “the other half live” having no idea I’m in a trust fund. I used my parents wealth that was given to me to create a life that makes them proud. And me happy.
I grew up middle class with two episodes of my parents being broke. The money came flowing when I got into high school and catapulted when I was in my 20s. I think my parents feel a bit guilty for having to work so much when we were younger building the business we now all benefit from. They take us on holiday every year with my siblings and all our partners and children. But when we grew up there was not money for holidays: I think this is them enjoying their family now. And the trust fund , well if I can give each of my kids a few million for a house an make sure my children’s children’s children Will be set up to achieve in life I would too. As it turns out my parents were the ones who laid the ground work. But I also paid the price as a kid. In a time where almost everyone’s mum was at home my mum worked, often till dinner time, made us dinner put to bed, and I only connected my memories and talking to her later would work till 2 -3 am. And this at the time was mum supporting dads dream, and being entrepreneurial, working for no pay.
They deserve their wealth. And they want to give it all to their kids to see them enjoy it as adults, since we gave a lot as a family when we were younger.
We’ve all be told if we ever act ungrateful we will be completely cut off.
If you raise kid well, even with money. You don’t raise spoilt kids.
We are all small business owners and do well for ourselves. Our parents helped us achieve our goals EASIER and FASTER,but I can tell you we watched our parents and know what hard work looks like. We would have come up with that first 20k regardless. Rich parents just skipped us a few years and gave us extra holidays. Intrest free loans ect. Because of the example in our own home we’d have made it anyways.
I’m eternally grateful I get to enjoy my kids in a way my mother missed out on: and if I were them I’d do what they’ve done 100tines over for my own kids .
My parents were 15 when they had my brother and dad has never worked for someone else.
He and mum are the hardest working most loyal humans I know.
I’m so proud of what they acheived. And my children adore them as much as I do.
I’m proud to be from a wealthy family because I grew up watching what that took.
And my parents have pointed out in recent years, that I sacrificed for that wealth in my childhood too.
Often people don’t realise wealthy parents kids pay a price too.

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REPLY
4 years ago
Sounds like your parents deserve all they have. Love your attitude of not spoiling your children despite your wealth and being grateful for it. Good luck to you.

ANSWER
4 years ago
I think kids should be taught how to be financially independent and not to waste money. Then when they get their inheritance later in life they can either retire, use it to build more wealth or leave it to the next generation. Part of becoming an adult is the independence you get.

ANSWER
4 years ago
I think it stems from a place of jealousy.

ANSWER
4 years ago
No help from parents and still managed to buy a house and travel overseas with 2 children on a 9 month holiday around Asia.

Both earn very average wages but it's always been a case of It's not what you've got it's how you use it.

I don't mind if parents help their children as long as thier children can manage money well to begin with and aren't just wasteful spenders.

ANSWER
4 years ago
It’s fine to help as long as it doesn’t come with strings attached or control.

ANSWER
4 years ago
I would like context on this sort of question, I really would. I have criticised people for receiving payments from their parents, because they don’t admit it and claim that they got ahead in life because of hard work. I see it all the time too. My neighbours parents bought each of their five children a house and they will inherit a lot more...but he is forever going on about how he has to do everything himself(financially support himself) and how he has nothing to fall back on. It’s some part of an identity he has created for himself to make him seem like life is tough on him...it always angers me because it is not true at all, and he tells it to everyone. Am I jealous? Yes I am, but I get that parents support their child, it is a beautiful thing. However, not acknowledging it because you don’t own the 2million mansion is sick

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REPLY
4 years ago
I think it's annoying when people who were given a hand in life say well i got here so why can't you? But are in complete denial about receiving help.
I feel that not admitting it makes you just seem ungrateful to your parents, or wherever the boost up came from.
No one is humble anymore, and everyone is judgy

ANSWER
4 years ago
We have a trust fund for our kids that we set up years ago. On this site though, no matter what you do, someone is always going to be unhappy