Why is my Dad so cheap?
Question by Josh K.: Why is my Father so low cost?
My Dad is not the wealthiest guy in the planet, I will give him that. But he helps make a very good residing. He tends to make around $ 120,000 each year. But we (him, my mother, me, my sister when she comes home from university and our ninety lb puppy) stay in a one,700 sqft condo! WTH!? He says we can not pay for a house wherever more than $ 180,000, but I know we can! What is up with him? He drives a 1999 Toyota Corolla, even even though he can manage to buy a newer vehicle. I’m not stating he ought to go out and buy a 2010 Lexus, but at least like a 2007 Honda or Acura correct? And he spends all this dollars on guides he by no means reads, textbooks for me and my sister that we in no way use and academic movies that by watching have by no means as soon as assisted me or my sister in college. And I imply shelling out like $ 600 on Common Deviants DVD sets and $ a hundred on financial guides he has by no means opened. Yet he’ll in no way buy me a $ twenty movie or an Xbox video game or a $ 2.99 magazine. But this whole factor is not about my father not purchasing me stuff. I make a little cash each week and can normally pay for to purchase my very own items, but he will by no means get something! He tends to make just a minor beneath what my very best friend’s father tends to make, nevertheless his father drives a BMW, and they live in a enormous 2 story house with the coolest issues. And his brother goes to the identical higher education my sister does and they are in the very same scholarship plan, so it isn’t really that we have to pay for college and his household won’t. So what provides? Why is he SO cheap!??
Very best solution:
Remedy by B@rbie
possibly your father is saving dollars in the bank? i honestly will not know, he does audio kinda inexpensive no offence tho
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September 15th, 2011 at 9:42 pm
You’re young and that seems like a lot of money, but this day and time with a family of four and a dog. . . believe me. . . that doesn’t go pretty far. We won’t even talk about college. . . even with grants and scholarships. I’m sure you’re father has other bills like mortgage, utilities, traveling expenses, medical and car insurance, car payment, home repairs/home maintenance and miscellaneous. When you get older and out on your own. . . you’ll understand.
September 15th, 2011 at 9:49 pm
maybe because hes not very materialistic. and maybe because hes saving up for you and your sisters college education. or you could think of it this way, your going to get a lot of money from his will. ( i no that was kind of sad and mean but..)
September 15th, 2011 at 10:12 pm
Actually it’s none of your business. Just because someone’s Dad drives a BMW doesn’t mean he can afford it, he just bought it. People spend and save money at a different rates. When you make your own money and are responsible for your own bills, it will be different.
September 15th, 2011 at 11:11 pm
When you start paying everything, you can decide how that money is spent. It is a commendable thing to not be crippled with debt, tied to a house payment that you can “afford” and several car payments. Your home of 1700 sq ft is more than adequate for the size of your family, and if the 1999 Corolla gets him from point A to point B, how is spending extra money every month for a newer car going to improve that?
Though you say this isn’t about him not buying you stuff, that seems to have become one of the centralized points of this rant. Perhaps your friend’s dad who drives the BMW and lives in a larger house has not put as much thought into retirement as yours has.
A person who does not spend every penny they have on things they don’t need (ie, a big house and new cars) is not cheap, they’re wise. Since the educational videos and books don’t seem to be making much of an impression on you, perhaps your dad should sit you down and discuss money with you since it seems you could learn something from him.
September 15th, 2011 at 11:46 pm
There are many, many people in the world who don’t make enough to aford their lifestyle. It is much better to spend to little than too much, trust me on this. Are you quite sure your friend’s family can afford the lifestyle they live?
Also there are people who earned really high incomes, got into the habit of spending a lot, lost their jobs and were broke in a few months. What’s more, there are lots of kids who got too used to their parent’s “spendy” lifestyle and then got in trouble because they didn’t choose a career that could support that lifestyle. The habit of spending is difficult to break.
Besides, you can’t possibly know everything there is to know about your parents finances, let alone those of your friend’s dad.
As for the educational expenses, the point of educational books and movies is not merely to help you in school. Like school, their purpose is to help you learn.
September 16th, 2011 at 12:44 am
I agree your Dad is probably not “cheap” – $ 100,000 is not what it used to be, & like the other poster said, just because your neighbor has stuff doesn’t mean he can really afford it.
Your dad spends money on things that are meant to benefit your future & your sisters future. You should be truly grateful for the example he is setting by not “catching up with the Joneses”, buying what he can’t afford, & by spending on things that last, like education.
September 16th, 2011 at 1:06 am
Since HE is the one working for the money he has the right to determine where the money is spent. If you want an xbox or a $ 20 movie get off your butt pack your things and move to your “friend’s” home, and see if they’ll be willing to support you.