Are you the saving or the spending sort? Do you plan to leave a bundle of cash or assets for your children?
I am a saver. What did you expect? An accountant by training, sure super scrooge with cash, right? Count every cent? Check out the banks that give the best interest rates? They dont call us bean counters for nothing!
No. I save for myself. My hubby believes in saving for the kids. Sometimes I dont think that is absolutely necessary. No need to leave each of them a house and a big fat saving account. Saving for the kids will make them too comfortable. We were raised in middle income families during the time when we only got treats when it was a special occassion. But now, the kids get these treats every week, for some even every day. That comes with affluence, I guess. As a result, they are not "hungry" at all. They dont know what it is like not to have something. They dont feel the need to strive and work hard for something they want. They dont know how to count their blessings. Everything is given to them on a silver platter. They become spoilt. They refuse to share. They demand for material possessions. (Good thing they are not into branded goods....yet!)
I want my kids to appreciate what they are given, and not expect it to be given to them. I want them to work hard for what they want. As such, I told hubby, dont tell them we have saved for them. Let them work for what they want. At the end of the day, if we leave them anything, it is a bonus to them. I dont want them to expect us to leave them anything! (Now they think I am the wicked stepmother.) I want them to learn that there are some things in life that they just cant have. You have to accept it, like it or not. Even when I can afford it for them, there are things I would rather not give them, just to let them have a taste of what it is like to not have something that they want or need. They just have to learn. Mine is the school of hard knocks.
So even though I save, I told hubby that we should say it is saved for us - not them. And no, I am not a scrooge, in fact sometimes I think I spend too much..on whatelse....things for the kids!