would you save money for your son or daughter????

India
August 3, 2007 2:45pm CST
we work like crazy and earn and save for our children and then one day they kick us out of the house ... this is the story of a lot of households these days ... would you save for your children or would you spend all that you have earned when you get old ???
2 people like this
4 responses
• United States
3 Aug 07
I'm not sure what you mean my kicking you out of your house. If you own or even rent the house how can they kick you out of it. Do you mean would you save your money and not spend it so your children can have it when you die? No, I earned the money and saved it for me to have once I get old enought to retire. Now while my children are young and still in school and living at home I will help them, but I will not just give them money that they have not earned. I worked while I was in school and my children are and will do the same thing. How else will they learn how to manage their money? If there is any left then they can have it to split between them.
3 people like this
@mmiller26 (1930)
• Canada
3 Aug 07
Why would your kids kick you out of your house? It's YOUR house! If anything, I would think the bigger issue would be 'when will the kids leave home?' Or are you referring to them putting you in a nursing home when you get old instead of taking care of you? I'm not sure what you're getting at here. My son is 5 years old. I don't give him an allowance or anything, because I think he's too young for that. Instead, at the end of the day I empty whatever change is in my pocket into a jar. When I have enough coins, I roll them, take them to the bank and put them into my savings account where it will earn interest. All of those little coins add up to quite a bit over the course of a year. That money is going toward his education or anything that might come up unexpectedly for him over the years. I don't make a terrible lot of money, so I set aside what I can for him. As far as going in to a nursing home....I don't really expect him to take care of me. My job is to take care of him, not the other way around. I wouldn't want to live in a nursing home, but I wouldn't want to be a burden on him and his family either.
1 person likes this
@ssh123 (31073)
• India
6 Aug 07
Save for the rainy day is the key word for every family. I do save for the children, their education and their future use.
@webeishere (36313)
• United States
5 Aug 07
I feel the same as the first responder. I didn't kick my children out and hoped they wouldn't do that to me in the future either. My father lives with me and I have been his care giver for 3 years now. I would only have him removed if it got to the point where for his health and well being or mine that it was the only choice. Whatever is left when I am gone is the childrens. I don't actually save particuallry for them. Mostly for myself. Hee hee hee!!! HAPPY POSTINGS FROM GRANDPA BOB !!~