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Monday, March 1, 2010

The Parental Safety Net

I wrote on this issue a few days ago and anticipated horrified responses such as I've seen on other blogs: : "Tell your slacker kids to grow up!" " Too bad! They should have planned better." On and on in a similar vein.

I was happy to see that others agreed with me: that in these times of scary and not necessarily your fault financial disasters families should stick together, much as they did in days of yore. This is especially critical in the United States, where health insurance is unaffordable to those who lack benefits and one accident or illness can ruin you. Forever. It is hardly a sacrifice for me to forgo a Coach bag now and have that $200.00 JUST IN CASE someone needs it down the line.

So thanks dear readers for assuring me that I'm not crazy and that these are--indeed--perilous times.


blukats said...

I wish my mother had thought like you do.

I hope everything goes well for you and your family so you never need to use that safety net.

Deja Pseu said...

These are scary times. And what many people fail to understand is that someone can do everything "right" and still be screwed financially, as you say from an accident, illness or even just having your 401K tank with the market. The lack of compassion I see sometimes for people who have fallen on hard times is appalling. I'll hold a good thought for you and yours.

Duchesse said...

I want my sons to learn money-management skills and of course will help them in adverse circumstances. At the same time, if they blow $200 in a club, that was supposed to be for rent, I will not bail them out. I actually did that myself. Once.

Frugal Scholar said...

@blukats--I hope we won't need it either. I hope all is ok for you.

Frugal Scholar said...

@Deja--So true about "doing everything right." I myself occasonally lack compassion--but I continue to work on it.

@Duchesse--Agreed. I of course will not fund wild nights at parties--at least not knowingly. sounds like your boys are more sedate than you were.