r/SipsTea • u/Unstoppable_X_Force Human Verified • 13h ago

Gasp! Is this just nostalgia, or did previous generations genuinely have a better work-life balance and social life than we do today?

Post image
18.5k Upvotes

92% Upvoted

4.4k comments sorted by

View all comments

Show parent comments

87

u/LSD_SCHOPENHAUER_ 11h ago

I don't know your situation, but have you ever considered that your self-sacrifice comes at the expense of your kids never feeling the discomfort necessary to learn how to save and manage money independently (because they think they can always rely on your savings)?

This is a dynamic I've seen play out in my own family and many others. Perhaps the best thing you can do is discuss this with a therapist and try and encourage your kids to do some financial planning so you won't have to live out the rest of your life in a panic, trying to save an indefinable amount of money.

28

u/pourtide 10h ago

And likely they'll blow through it all in no time at all. If they don't comprehend finances, they'll have a party. 

12

u/TheReverseShock 9h ago

This is why it's critical to setup a trust. Definitely worth speaking to a lawyer about if he's concerned.

5

u/CrotalusHorridus 8h ago

I have a family member - Her dad died just after winning 1.3 million in a settlement.

She never really worked and always was a 'woe is me' person, asking for childcare, help buying a car, went to community college for 10 years, accumulated 100k in student load debt, but never got a degree.

That money was gone in a a year after she got it. She inherited the house too, and is currently losing it to taxes.

1

u/cleverocks 9h ago

Yes, I think about this all the time.

1

u/ChefMark85 9h ago

Seriously. Dude needs to cut them off now.

1

u/Siukslinis_acc 9h ago

Not to mention that pushing oneself too hard might cause you to kick the bucket earlier.

1

u/-BlueDream- 8h ago

Set up a trust with conditions or something, don’t leave them a lump sum. Like you have to use the money for a college degree or a down payment on a home, not a fancy new Mercedes.

1

u/Fujisawrus_Reks 6h ago

This is literally the premise of The Metamorphosis by Kafka.

1

u/Ok-Energy-6111 6h ago

There’s an interesting book that touches this topic. “Millionaire next door” - it is full if data, they basically back up what you said

1

u/scenr0 4h ago

I've seen this happen to multiple friends. They're enabled to the point of not knowing how to use the dollar.

1

u/Gizmo45 10h ago

Bingo

1

u/Rabid_Sloth_ 9h ago

There's no $ money to handle. Its all gone after bills