No concept of money
I have often wondered where some students get their money. I see them blowing it as if they have an endless supply. Then I think, either they are really lucky or they have no concept of money. This aritcle spoke about how a lot of students do not understand their parents budget and therefore do not realize when they are putting there parents in a bind by asking for more money or wanting to go to a private school. So who is to blame for this? The author says it is the parents' fault because they should have been including their children in the budgeting process for years. If the children are involved in the budgeting process from an early stage in life, then they will better understand the limits on their parents' money supply. Since the majority of our parents do not include us in their budgeting, we do not really know where we stand. Therefore, we just keep asking for money (I am speaking from the view of a student who does get money from parents-that is my case). The major problem with this is, the students do not get a grasp for the value of money and end up being non-educated consumers. In other words, they buy whatever they want without price shopping or searching to see what else is out on the market. By developing such habits we end up with a large group in society will is prone to being in debt. I say this because they will be so used to just asking for money, that when mom and dad quit supplying the money, then tend to turn to credit cards and loans. This is great for business, but horrible for consumer moral in the long-term.
Posted by Connor at 11/05/2005 05:29:00 PM