Should adults ask their parents for money?

Snake

It absolutely blows my mind when I hear about grown adults living off their parents.  Asking for help from your parents when you are going through a tough time is one thing, but living off your parents is a whole other topic.

Work for what you want and enjoy what you have

I come from a family where you do what it takes to live.  If you don’t have enough money to live you get a second job.  If you don’t have money to buy food you cut your monthly expenses.  I completely don’t understand adults who rely on their parents financially.

The reason I disagree with parents who pay their kids way is because I work hard for what I have.  Actually I’ve had two jobs since I was 16 and for that reason I really hate people who take advantage of other people.  I also hate people who don’t take responsibility for their own lives.  If you knew your parents would always bail you out would you flake out on your backup plans?

It’s up to a parent to say no

I have clients who just can’t say no to their kids; even though their kids are adults in their 30s and 40s they just won’t cut off their children financially.  My clients still make credit card payments for their kids, pay their rent and give them money for groceries.

If someone is going through financial difficulties it’s OK to ask your family and friends for help.  But I don’t think it’s OK for adults in their 30s and 40s to live off their parents and think it’s normal.

One could argue that these two women are financially dependent on their mother because she enables them.  If my Dad’s girlfriend always bails out her kids when they need money with no questions asked then she is only sending the message that their behaviour is OK.

As a parent there is a fine line between wanting to help your kids and teaching them how to be an adult.  This is why more parents need to teach their kids about money management from a very young age.

Photo by tahnyakristina

Originally published for Dinks Finance

 

Bad Habits Are Costly, So Why Do We Have Them?

Let’s be honest for a minute.  Do you have any bad habits? I am not talking about biting your finger nails or compulsively cleaning your home.  I am talking about personal habits that cost you a large amount of money every year.  I admittedly don’t drink alcohol or smoke cigarettes, but I do have a couple of very unhealthy habits.

My bad habits include eating out way too much and spending money on dessert sweets.  I could eat cupcakes and apple pie morning, noon and night and be absolutely happy.  Of course I wouldn’t be healthy, but I’d be happy.   As I get older my body and skin can’t take massive amounts of sugar so I try to avoid cupcakes and apple pie as much as possible so I am not tempted to waste my money.

Personal confession:  Reese Peanut Butter Cups are another one of my weaknesses.  I ate a whole box of Valentine’s Day Reese Peanut Butter Cups in less than 24 hours.  Now that’s unnecessary!

I eat out a lot because I hate cooking and my cooking skills are below average.  Actually below average is putting it nicely.  To be truly honest I absolutely suck in the kitchen – and I’m a vegetarian.  Sometimes I wonder if that’s why I am not married yet.  Maybe if I had dinner on the table every night at 7 p.m. and maybe if I could actually cook an edible meal my boyfriend would be my husband.  Maybe.

Personal confession:  I spend over $4000 a year on eating out.  I know what you are thinking, YIKES!

My boyfriend doesn’t even try meals I’ve cooked unless I have eaten them for two days and not gotten sick.  We had a little incident a few years ago and he just can’t get over it.  I mean seriously, you give a person food poisoning one time and they can never let it go.  My opinion is it’s in the past so we need to move on, but he still takes precautions when it comes to my cooking.

What bad habit would you like to quit this year?

I am all about spending money if it’s for a good reason, but wasting money on bad habits is just not smart.  Unhealthy habits like smoking and drinking can cost thousands of dollars a year.  I think we can all agree that this money could be better spent.

Smoking = $1600 a year.  There is nothing worse than a person who complains about not having any money then turns around and spends $14 a week on cigarettes.  I have no sympathy for people like that.

Lottery = $6280 a year.  Playing the lottery is another bad habit that I think is a waste of money.  Instead of getting your lottery tickets or betting on sports games every week people could put that money in a jar or a high interest savings account and use it for something else like an IRA contribution or a vacation.

Alcohol = $8320 a year.  Drinking alcohol at home, in restaurants and at clubs is very expensive and this doesn’t even include the cab fare to and from the bar.  Use this calculator from Rethinking Drinking to determine how much money you are wasting on alcohol every year.

Originally published on Blonde&Balanced

Photo by taxcredits  

Do you have a pretty people job?

Have you ever been somewhere and been served by someone then thought to yourself “WOW she’s pretty?”  Have you ever asked for help in a store and when the guy turned around to assist thought to yourself “WOW he should be a model?”  I know I have.

Do pretty people make more money?

So who are these people and where do they get their good genes?  I am not bad looking but I am nowhere near Victoria’s Secret or Abercrombie material.  We know from recent statistics that men make more money than women, but do pretty people also have a higher income?

If you are pretty is your life easier?

If you are considered above average looking can you negotiate a higher wage or talk your way into a job easier than someone who is not drop dead gorgeous?  In my opinion the answer is YES.

I absolutely think pretty people have an easier life than others who don’t take as much pride in their looks.  My younger sister Tara Marie has always been “the pretty one” in our family and that’s OK.  I have come to accept it, but I resented her for it for a very long time.

I am a jeans and flip flop girl whereas my sister rocks four inch stilettos like a runway model.  I feel that her life has been a lot easier than mine because she sort of just gets everything handed to her when she smiles and people want to meet her when she walks into a room.  Why is that? It’s because she’s pretty.

5 jobs that need pretty people:

Flight attendant.  I don’t know about you but every time I am in an airport or on a plane the flight attendants are always talk women with long legs or very well groomed men who look like they could be in a Hugo Boss ad.

Bartender.  I worked as a bartender for a year while studying in college and it’s not secret the prettier you are the more money you make.  On a good week I would make more in tips working two nights at the bar than I did in my weekly wage at the bank.  The downside is it really depends on how you look and how friendly you want to be, if you are having a bad night you could end up with very little tips.

Makeup artist.  No one wants an unattractive person trying to make them pretty.  If you are in any type of beauty business you are probably very attractive.  No one wants a hairdresser with a bad hair-do and no one wants to get their makeup done by someone who doesn’t look good themselves.

Real estate agent.  I don’t know why, but real estate agents are usually very attractive people.  Maybe it’s because they are selling a lifestyle.   They also usually drive really nice cars, I guess that’s a sign of success.

Restaurant hostess.  A hostess is the restaurants first impression and these girls are usually very pretty.  My sister worked as a restaurant hostess for two years.  Every night when she came home from work she said her cheeks hurt from smiling so much at everyone who walked in the door.

Originally published on Blonde&Balanced

Photo by kaybee