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Will your LO be better off than you were as a kid (financially)?

  1. Weagle

    coconut / 8498 posts

    Than me? No. I'm an only child, my parents both make 6 figures, and I grew up in an area where the cost of living is so low it's almost laughable. Than DH? I'm not sure. He certainly had more than he needed, but his parents are pretty private about money and live very conservatively, so we really have no clue what their financial situation has been like over the years.

    We may not be able to pay for the entirety of their college, and we live in a very high priced area, but our kids will be we'll provided for. And I know our parents will be quite generous towards them.

  2. 2PeasinaPod

    pomelo / 5524 posts

    Yes...both financially and emotionally (I hope). Both DH and I work, so we're definitely better off than my parents were, and I think we have a better foundation for our marriage than both of our sets of parents do. We're much more considerate of each other than any of our parents are of each other, and we hope to instill that in S.

  3. jedeve

    pomegranate / 3643 posts

    I will say both our parents did not spoil us. We shared rooms and wore hand me downs and never ate out. On the other hand, my mom was adamant we not work in high school because she worked three jobs when she was. She also spoiled us at christmas because Santa couldn't bring her much. And she would buy us expensive christmas and Easter outfits when we were little. But we knew we could just never ask for a toy or a new outfit in high school and get it randomly or anything like that!

    I know DH could do well for himself as a lawyer. I firmly believe in the spend half as much money and twice as much time on your kids. And I know our kids will appreciate being helped out with college more than having a nursery. I still feel a little guilty that they might not be as well off. I am always telling my DH I'd rather him make less and be home more.

  4. SweetMamaM

    pear / 1743 posts

    I'm not sure... The housing market was definitely easier back then and both of us were born into houses that our parents owned. My parents went through a rough time financially around my sister's diagnosis and DH's family are crop growers so there have always been fluctuations around how much they've annually earned. DH's income will be far more stable, and hopefully we won't have the medical costs my family incurred. It's also my hope that I'll be able to return to semi-full time employment once the kids are at school, something my mother was never able to do. DH will probably never have the earning potential that my dad does, but I feel like we'll probably end up slightly ahead.

  5. SugarplumsMom

    bananas / 9227 posts

    Yes. My parents had me young, they were also new immigrants and money was tight early on. However, when I got older and our family business was prospering, there was a time when I could have gone anywhere and shopped like crazy - money wasn't an issue. But that phase didn't last long.

    DD will have the stability I never had.

  6. PurplePeony

    pomegranate / 3113 posts

    Yes. Our parents are all extremely hardworking people who have never ended up with much to show for it. DH and I work what seems like half as hard, for four times the pay. I never went without things I needed, and only sometimes without things I wanted, but there's no denying that DH and I live a far more comfortable life than my parents ever dreamed of.

  7. matador84

    papaya / 10560 posts

    Definitely...my parents worked opposite shifts, blue collar work. No college education. Husband and I are both degreed, and do well.

  8. Mrs. Jacks

    blogger / pineapple / 12381 posts

    @matador84: Isn't it amazing what a leg up a degree gives?!

  9. matador84

    papaya / 10560 posts

    @Mrs. Jacks: Yes!!! I have said before, I teach (well taught, I recently got promoted) in a high-poverty school. We have an on campus GED program to get kids parents just that extra step out of poverty and on the right track to college...and it is AMAZING to see them believe in the power of a college degree!

  10. CupQuakeWalk

    coconut / 8475 posts

    SIGNIFICANTLY.

    We always had what we needed, but we were raised by a single mom:) we were loved & cared for, but not rich, or even close to it. We were juuuuust comfortable.
    My dh was raised with money. But still, he makes more than his dad does & when I start work, I will be adding fun money to it.
    Lo will be doing well....until he's out of college, at that point, he needs to have his act together.

  11. mlm2934

    grapefruit / 4311 posts

    Definitely. I had a great childhood, don't get me wrong, but we didn't have a nice house or go on vacations. I make as much now as my dad did before he retired.

    I was a first generation college grad in my family line.

  12. MissyKris

    pea / 9 posts

    Better than me, not even close, but better than DH financially. Emotionally we are both from beyond loving parents parents who would bend over backwards if we needed help any day! They are all so ready to love on this baby...

  13. 808love

    pomelo / 5866 posts

    Way better than both of us. Our parents both never owned a house until they were in the fifties and no college education. Both DH and i put ourselves through college so we have much more. We do spoil our LO. She has had more trips, classes and outings in two years than we have had in our entire childhood.

  14. bisous

    persimmon / 1304 posts

    I hope so, but we will see! My parents had to scrape by when I was young--I never really noticed. As I grew up, and they went back to school/grew in their career fields, our family was much more comfortable financially. I would say we are "comfortable" now, but not to the same degree. Hoping to get there so we can one day pay for our LO's college tuition.

  15. dc yoga bee

    grapefruit / 4770 posts

    Mmm probably the same. My dad was a doctor, I'm a lawyer, and hubs is an internal auditor.

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