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  1. W

    Money Irresponsibility - Needs - Wants

    There's always a reverse mortgage. I know someone that bought new car and did an overseas holiday last year on one (much to the disgust of the daughter :rolleyes:).
  2. W

    Money Irresponsibility - Needs - Wants

    RE, are they generous in other way though? They sound a little like my IL in some ways, except we get $500 each for Christmas. We don't know their wealth either, because it's not talked about, but they must be doing OK as only one of them gets a small part pension. The thing is they are...
  3. W

    Money Irresponsibility - Needs - Wants

    Agree Aaron. Even if they don't resent you for being wealthy, they'd still expect things and think you're selfish because you have excess money and they haven't. Not a nice way to be thought of for helping, but that's how it often is. Also I think 'just buying' someone something, because they...
  4. W

    Money Irresponsibility - Needs - Wants

    And that's the thing. Many of these parents don't teach much at all, let alone the basics. Teaching someone how to walk before they can run is much more important, ie. concentrating on giving them a good education (and getting them to understand it's importance) so they can earn more than...
  5. W

    Money Irresponsibility - Needs - Wants

    I agree that it's one of many things parents should teach, or lead by example. Schools already teach a huge amount of social/ethics/safety/survival stuff as it is, just because some parents won't or can't do it. ie. safe sex, drugs and alcohol, water survival, safe bicycle riding, road...
  6. W

    Money Irresponsibility - Needs - Wants

    Why :confused:. There's a government safety net called Centerlink that he can always resort to in the future, if he isn't already now (being low income with a wife and kids). What you're doing Jaycee is putting your standards on others.
  7. W

    Money Irresponsibility - Needs - Wants

    This is very much how I'd vieiw things. I'd tell them 'no', if it was because they were living extravagantly or mismanaging their money, and coming to me when they couldn't pay a bill/needed a new washing machine, etc, but I'd probably gift them money if they're saving hard or going without...
  8. W

    Money Irresponsibility - Needs - Wants

    The problem is not your brother spending, it's your mum bailing him out, when she's not happy doing so. She's reinforcing this behaviour. She only needs to say no a couple of times, and it's problem solved.
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