Parenting is a tough & demanding job. It's also a job that you can not retire from. Even when your children are grown, living on their own & making an income, you still feel a sense of responsibility and a need to dispense advice. We have found that our kids are once again interested in our input. For a few years any-thing that we said held little or no value to our children but now that they have finished college and are taking on more responsibility for themselves they're eager for advice - you can give them sage advice on a myriad of economic topics, like how to get rid of debt.
Our oldest son is very independent. We never had to help him get rid of debt. He has always been such the quite hard worker & is the most thrifty of our children - that's why getting rid of debt was not ever an issue. He liked to save cash and is a great comparison shopper. He has never been one that has felt that it is important to have brand name clothes or shoes. He has an acutely practical side to him. Because of this I was surprised when he informed me that he wanted to buy a new vehicle. He has always been the one to speak about how quickly new automobiles depreciate & how you not ever make-up for that depreciation. When I brought that up to him he said that he did not care. He is making a good income & he has scrimped and saved his entire life, so he wants to purchase a brand-new motor vehicle as a treat for the hard work he has done. He said that he knows that whenever he decides to get married and to establish a family he may not be able to afford to purchase a new motor vehicle so he wants to do it now.
I told my spouse about the conversation I had with our son. My spouse was distressed that our son would go in to debt for a brand-new car. He thought there were other ways he could spend his cash. I told my spouse that at the start I felt the same way, but then I remember the first and only new motor vehicle that I purchased. It was amusing to know that I was driving a vehicle that no-one else had driven. Once we were married & started our family we could not afford a new vehicle, we always bought program motor vehicles to get a better value and additional apparatus. After listening to me my husband agreed that everyone should own at least one brand-new motor vehicle in their life time.
A couple of weeks went by before our son drove up to our home in his new motor vehicle. He chose to purchase a new vehicle that is a hybrid. He is getting great gas mileage and the vehicle has a nice sporty feel and look to it. He said that the reports are favorable for the vehicle to hold its re-sale value, & there are enough of the hybrid cars on the road so most of the bugs have been worked through. It is neat to see how proud he is of his ability to purchase a brand-new car and save money at the fuel pumps.
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