Posted on May 19, 2010.
Why my son spend money like that? My son has a job with an engineer of the vessel is a powerboat racer retirement. It is also part of the team racing boats and jet skiing and wakeboarding do. He does mostly small contest where prize money is not so great, but he adds his payment for work well.
So it does make a bit more than most high school students do.
The strange thing is, I noticed he almost never pass, but when he opened the wallet, he was as a madman.
For example, when he bought his jeep, he eventually spend more than $ 2000 on accessories for jeep. Other times, he bought a new wakeboard and end up buying a combination of new and a snowboard as well. This weekend, he spent more than $ 2,000 on the dress of his prom and planning spending even more time for prom.
Is this type of expenses? What is this kind of appeal in spending?
which is common from my point of view the upgrade on his jeep is not bad, I know people who spend only 20k on upgrades for a car, etc. Also the costume is pricy but thats what suitable for cost ..
Well, when he has to pay a mortgage, I doubt that he would like that.
Currently its on your dime so this is not a problem for him, there are no consequences. It will come later in life when he must.
it happen if you got it?
because you've probably spoiled when he was young and he never learned the true value of money so now it is blowing out his money like there's no tomorrow
Does it pay the bills or do you pay a fee to him now that he? Otherwise I recommend to do, not great, but a small sum of say $ 50.00 or if by reason of each paycheck. See if he waits to have their invoices paid before moving beyond as it has before. If yes, you have nothing to fear. Hes responsible, and enjoys the freedom to earn his own money and buying his own business. However, if it passes a whim, this kind of compulsive shopping can be found in the depth and seriousness as an adult may need to speak with his council or instructor of accounting at the school to see what they would have suggestions to try to break it.
Sounds like the word that describes this is "immaturity"
If he lives at home, tell him you are going to room rate and monthly pension, which will put you in a joint savings account with both your names on it, then he needs to get your permission spend.