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/biz/ - Business & Finance

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2807410 No.2807410 [Reply] [Original]

Enough of the crypto posts. Let's talk about something tangible.

I have a 13 year old sister who is your average teeny bopper. Our parents were never very good with their money and it took me several years of bad spending as an adult to get myself straightened out. I don't want my sister to repeat the same mistakes. I'm going to send her some money to open a savings account and want to include some advice about developing good habits while you're young.

I get by okay but I'd like the input of some people who are actually successful. How would you explain the importance of saving to a 13 year old who doesn't yet care about money?

>> No.2807460

>>2807410

Dude, she's 13 and she's not going to listen to anything you say.

>> No.2807462

>>2807460
Lol fr haha

>> No.2807463

>>2807460
this. stop being a retard, OP.

>> No.2807473

>>2807410

Send him to summer job, he will then understand how hard is to be wagecuck.

>> No.2807506

I doubt if you will get your point across! the best way to learn good habits as a child is through example and seeing as your parents aren't you might have trouble, unless you are a prominent adult figure!
Also a little bit of learning from mistakes is part and parcel of growing up

>> No.2807508

I don't have any ideas but it's better not to just send her money and hope she does what you say with it, she won't
If she's anything like my sister she won't learn until she suffers some real financial loss on her own

>> No.2807516

>>2807460
>>2807462
>>2807463
She respects me and listens to what I tell her. Not every kid in the world is a complete shithead. I just need a way of explaining this concept to her.

>> No.2807528

>>2807506
>>2807508
I agree that it's best to learn the hard way. I just want to help her do better than I did because I care for her well-being.

>> No.2808563

>>2807410
Teach: The professed realizations of one's ignorance.

You're gonna have to wait until losing money actually hurts to have any effective results.

When Car insurance rolls around, make her pay and have a job to support it.

I was overpaid as a kid doing yard work for rich people. $100/day to work as hard as a 14 year old (20 years ago). That spoiled me and when it came time to work as a wagecuck, $7.65 was below me.I surrendered once I got a car my life of paying bills began...

this was my journey out of financial ignorance.

>> No.2808842
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2808842

>>2807410
"Imagine this is your kid from deadbeat chad. If you save money now, you'll be able to make him smile later. Deadbeat chad won't help, he'll just be too busy pissing away money away smoking weed in his tricked out golf."

>> No.2808964

>>2807410
You spend now, you have less later. Ez

>> No.2809081

>>2807410
Don't give her money then. Make her earn it. Teach her the value of earning money first before saving it.