if you have kids

nop I wont buy them everything they want

thats how you get a dysfunctional kid

Quote from unbannBLACPINK

but you are rich enough to have 2-3k $ extra to spend a month and the latest iphone they want is only 1.5k

although they're 13 and dont need an iphone whatsoever

but their friends at school have one and are teasing them about it..

hmm I set them a budget and they can choose what to spend it on or save it and spend it on sth like that

teach them money management early

no absolutely not...

in fact I might go the opposite and teach the kid some hardship...

I've always said that a little hardship does wonders especially for a kid - they learn the value of things, of people - they feel more connected and empathy towards those with less than and different...

I think Lois from Malcolm in the Middle says it best

Quote from unbannBLACPINK

although they're 13 and dont need an iphone whatsoever

but their friends at school have one and are teasing them about it..

I don't think 13-14 is a bad age to give a child a phone. It depends on their maturity and whether or not you think they're ready but that age is around the time they start doing more stuff on their own and it would be most helpful to have their phone.

I got my first phone at Christmas the year I turned 13 because I was in sports, choir, and hanging out with my friends more often which opened doors to danger or situations where you might need a phone. I first saw people getting and bringing their phones to school in 6th grade and I got so jealous but I got my own by the time I was in 7th grade.

A phone can become a problem if you don't take note of when they're on their phone while they should be spending time with family or friends or distracting them from their homework. It can be an easy way to get distracted but it's an easy way to make sure your child is safe and has quick contact whenever they need it.

Quote from unbannBLACPINK

but being used to such expensive toys from a young age might ( or very likel will ) make them extremely greedy adults

A budget can still be controlled. My parents never gave me a set allowance (but they gave me a lot of birthday/Christmas money) so I was always jealous of those who would get an allowance for doing chores and things like that. And then I would ask my parents "can I have money for doing my chores" and they'd be like "No! You get paid with a roof over your head, clothes on your back, and food in your mouth" LMAO. I was sour about that when I started finding out that my friends were getting money for doing their chores but I kind of look back at it now and I'm grateful that I still get the privilege of loving parents, a house to live in, food to eat, water to drink...because not everyone gets that. And I have a job now anyway.

But I know kids that got monthly allowances or a small amount of money from doing stuff around the house and other chores and they turned out fine.

Just don't give your kid enough money to buy a new Gucci bag every month...that will probably cause problems.

I would give my kid a bit of money for working hard and that money grows a bit as they get older but it won't be a crazy amount. Maybe set it up like an hourly wage...like how long they worked and how hard they worked, they get more money.

And maybe a small bonus for big things like maybe a good grade/score, getting a good note from a teacher or principal, passing tryouts/auditions for something, doing something good overall...

And at the same time, I would take away some for bad behavior and choices.

They can do with it as they please but also teach them the values of saving as well.

And I would buy them things they want occasionally but definitely not often.

Quote from unbannBLACPINK

i clearly mentioned phones worth 1.5k $

thats not just a phone out of necessity

thats an expensive luxury item

Yeah, but you also said it like you were talking about all iPhones in general

Quote from unbannBLACPINK

although they're 13 and dont need an iphone whatsoever

You didn't specify in this sentence what type of iPhone or cost. You did in the sentence before but not in this one so that's what it came off as to me.

My parents also gave me an older phone as my first phone. They didn't really feel like dropping 1.2k bucks for a phone for me and spent money on a Samsung S7 Edge, which was released in early 2016, and got me that in late 2018

Earlier iPhones are cheaper and there's nothing wrong with getting an older one to a child who's never had a phone before.

Quote from unbannBLACPINK

in the very original post its mentioned "expensive and not essential" so i definitely do not mean a 300$ used phone

Ohhhh I see

Sorry about that. I had a long day

I would do anything to ensure that my kids are happy. If I have the money to do so, I most certainly will. Which is why I want to work hard to make sure I am in a good financial state before I decide to make a family.

It all depends on what they want

i would def buy my kids what they like if my extra budget allows it. they can only be kids once in their lives so just give them what they want...and teach them to take care of the stuff they bought.

but if an item is too pricey or if they want lots of stuff at the same time, i will just tell the kids to just let it go and get a job then save some money when they get older. i need my salary to pay rent, pay bills, pay school fees and to buy food for the family.

My daughter is nearly 20 and I've been lucky in that I have been financially well off to give her whatever she wanted. Sure she's spoilt, but that's the advantage of the one child - more money to go around. She's never wanted for anything and now she's an adult working herself, I still like to spend money on her because I know I can. She's never been ungrateful either, she appreciates what I do for her.

Quote from Lulu_Key

nop I wont buy them everything they want

thats how you get a dysfunctional kid

Sorry, but my daughter is far from dysfunctional and she's been spoiled all her life. She's grateful to have a mother like me.

Quote from Rainbowlicious

Yeah, but you also said it like you were talking about all iPhones in general

You didn't specify in this sentence what type of iPhone or cost. You did in the sentence before but not in this one so that's what it came off as to me.

My parents also gave me an older phone as my first phone. They didn't really feel like dropping 1.2k bucks for a phone for me and spent money on a Samsung S7 Edge, which was released in early 2016, and got me that in late 2018

Earlier iPhones are cheaper and there's nothing wrong with getting an older one to a child who's never had a phone before.

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I bought my daughter a brand new iphone 6 when she was in Year 7 which cost $1000 and she had it for many years.

Quote from unbannBLACPINK

but you are rich enough to have 2-3k $ extra to spend a month and the latest iphone they want is only 1.5k

although they're 13 and dont need an iphone whatsoever

but their friends at school have one and are teasing them about it..

My daughter's first iphone 6 did cost $1000 which I had the money to buy outright for her and she was only 13 at the time. She was the only one in her class with a 6.