Children’s Income
Children’s Income
Should as Parents, ask and keep track of the children’s income?
Me! Having born and brought up in a joint Indian family with a very indifferent background and culture. Of course I now have my own nuclear family. Things in this world have changed so much that it is now incomparable to the life and style what we lived decades back.
The education, opportunity and independence the young get today makes them earn a big sum quiet early in life, may be they might be earning more than what their own parents earn.
I shall share my thoughts, opinion and feelings in the forthcoming comments here. I only feel if you all can contribute your might in this issue it may be of help to the young, old, parents and children. A modern society that is in the making, which constitutes of various cultures, background, nations, race, religions etc; the money circulation is mind boggling. The value for money has almost lost its charm.
I see and observe that many parents are unaware of the income of their children. When asked they seem to give a sign of no interest. Some of them have made a self pledged rule; they think they have no right to ask.
theshivasponder 
November 4, 2016 at 2:09 pm
thank you for the most interesting post Shiva. Parents (gaurdianS) should advise and try to guide their children, sometimes they must learn from their own mistakes but that doesn’t mean we can TRY to spare them as much hardship as possible 🌹
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November 5, 2016 at 3:42 pm
Thanks so much for the response on this post. The guidance one receives from their parents is nothing like any other as they are more experienced and shall guide them better in this matter. Parents are the first one to see that their children do not fall prey or face any hardship in this world.
Your contribution to this post shall be alarming.
Thank You for that Rose!
Shiva
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November 5, 2016 at 3:46 pm
I meant they have to try to spare their children hardship rather than have them learn the hard way 🙂 thankk you Shiva!
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November 5, 2016 at 3:51 pm
Yes You are Right.
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November 5, 2016 at 3:54 pm
Our children are the future, they need guidance and help. We have done a poor job of setting an example lately, It makes me very sad.
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November 5, 2016 at 4:01 pm
Now, you have come to the core. Parents being an example, should, or, are performing very badly. They do not realise how much sad shall they be in future having not thought of this. Money is such power which makes one to boost the ego and encourages errant behaviour. I am too sad about this.
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November 5, 2016 at 4:21 pm
It is very disconcerting that so many are not aware or don’t care what example they teach our youth. Mr. Trump has brought the very lowest of society from the woodwork to spread bigotry racism, violence, chaos, disrespect for the law of man. I apologize for the slight rant, but this what is happening here.
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November 5, 2016 at 4:29 pm
I realise the fact what is going on over there.
It is a shameful act which is in predominance here too in India and all over the world.
Is it what we all wanted in a majority. The so called Democracy. Shhhhhhhhhhhhh
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November 5, 2016 at 4:34 pm
I consider the Trump platform fascism, not democracy, but a way to destroy our democracy, I think back to other dictators, the rhetoric is all too familiar.
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November 5, 2016 at 4:41 pm
America or Americans will not entertain this platform for sure. I do not understand why and how it is entertained to this extent. Again Democracy is to blame as it allows to construct this platform. I am really not for it. Seeing to the things going on here. Every elected member has been like a king or a king in the process.
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November 5, 2016 at 4:55 pm
Fortunately the founding fathers, in writing the Constitution, were way ahead of us. In forming a congress and Senate they created bodies of oversight to protect the citizens from the ruthless behavior of presidents out of control, as was exhibited most recently in the impeachment of Bill Clinton. Obviously this is not fail proof as their is partisanship and that basically led us with lies into the war in Iraq. I believe in democracy, the president is far from being “king” but if Trump is a true fascist and wins the vote of the uneducated and fearful, who knows, perhaps the likes of another Hitler is in the works. Hopefully, HRC , with all her faults and questionable past behaviour with the private server, will win the election. I feel she is fit and her opponent is an ignorant buffoon.
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November 5, 2016 at 5:11 pm
Yes the constitution constructors have played safe and have taken caution. Basically it is the Human behavioural pattern that matters and the crux of the problem is there that has to be tackled. That is why so many types of systems or rulers have faced the end. Anything against nature shall face an end very soon. It can’t accept, so shall be the result.
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November 4, 2016 at 2:09 pm
To me it just shows how close our children are to us. If we have raised them well, why they should hide anything from us, especially as trivial as Salary?
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November 5, 2016 at 3:48 pm
Thanks Alok!
Well, you are right, the closeness with children matters how well they have raised them. It is not the question of they hiding, but it is for us as parents to keep track of their income until they are able to manage the money in a proper way.
My belated Deepawali greetings to you and family.
Shiva
🙂
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November 5, 2016 at 9:09 pm
Thank you, Sir
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November 4, 2016 at 3:50 pm
I advised my children about money. They didn’t start earning until they were sixteen and could work part-time while attending high school. In the U.S., children have more freedom. Mine rarely squandered money. In fact, earning their own taught them the value of money. They worked all the way trough the last two years of high school and even in college. My son paid for the part of his college that wasn’t taken care of by two scholarships he had. My daughter got a government loan she has had to pay back. I’m proud of both of them. My son moved in with friends the year after high school and my daughter her last year of college. Children in the U.S. don’t live at home nearly as long as they do in India. It’s a different culture. 🙂 — Suzanne
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November 20, 2016 at 8:10 am
This one more comment makes the round of talks to form one complete round.
Yes you are right, children abroad especially in the US become more responsible with money being earned much early in life. They know the importance and value. You being a very responsible and caring mother have advised them pretty well.
Children here in India depend on parents till they get a job or till a business is set for them.
My main purpose of writing this post was, children getting money have so many options to spend these days. There are bad elements their way and tend to fall prey.
An advise like yours shall always keep them on track.
There is a delay in replying to you as last week I was to attend my mother who was ill. The demonetization has taken its toll on people’s life here in India as you know.
Thanks
Shiva
🙂
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November 4, 2016 at 4:22 pm
I’ve never given thought to this maybe because my children are still young and depend on me. Interesting topic.
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November 5, 2016 at 4:05 pm
Jacqueline! Its still good that they are still young. But you now be prepared or take lessons from the world in general as to handle this. It is for us to build a better world and create good citizens.
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November 4, 2016 at 6:20 pm
I think it depends on the age of the child. If an adult, I’d want to know only if he had to borrow money from me for a large expense. Parents should teach their children about money and how to manage it. I admit that I didn’t do a great job with this, and the results are right in front of me because my son is currently living with us. I see what he spends his money on. He does pay us rent and utilities.
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November 5, 2016 at 4:17 pm
No doubt the age of the child matters. But the nurturing is so important when it comes to money. The realisation of its value is the criteria. If so the contribution for even large expenses may be trivial.
Thanks for your candid contribution.
Fond Regards,
Shiva
🙂
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November 5, 2016 at 10:55 am
I came from a realy close family clan..and raising children has all been a serious business for most parents. .so i guess if we raised our children pretry well they will not hide anything from us ..not even as to how much they earn..
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November 5, 2016 at 4:24 pm
Very True! Very, Very True Mich!
This raising children has been a great and serious business all over the world to all parents. Hehehe.
I think they have to attend some serious classes on the matters. But who is to take the class has to be first a successful parent. Hahaha
Why shall they hide unless we expect a share from them. Huhuhu
Don’t you think so Mich!
Regards, have nice week end Dear!
Shiva
🙂
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November 5, 2016 at 12:57 pm
My Dear Shiva, an intersting question. …I think the parents’ ‘responsibility’ ceases once the children have grown up. But till that stage they have every right, and more importantly, every responsibility for them, most of all in bringing them up well, as responsible and worthy members of society.
Parents ‘might’ have to interfere if they find the children going in obviously wrong ways! 🙂
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November 5, 2016 at 3:46 pm
Reblogged this on KCJones.
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November 6, 2016 at 7:27 am
Well, at some point, children (define by age and maturity) have to go on their own! Till then, you are responsible.
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November 12, 2016 at 3:46 am
🤗 Yes I agree it is the age and maturity that matters, very, very rightly said.
Thanks for the reblog.
YOU are always welcome and I am deeply indebted to YOU.
Thanks
Shiva
👌👍🙋💟🙏
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November 12, 2016 at 2:54 pm
But the AGE they can go on their own varies!!!
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November 12, 2016 at 6:50 pm
Yes you are right.
It all depends on what circumstances they are born and brought up.
🙋💟🙏
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November 8, 2016 at 7:13 am
Right
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November 11, 2016 at 9:02 pm
Money is one of those taboo topics.. so I could see it being difficult for parents and children to talk about (on both sides). But it’s nice when there are no secrets within a family. Interesting post!
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November 12, 2016 at 3:40 am
Now Christy you have used two words, taboo & secret in conveying the message in your this comment, they themselves are interesting. So it becomes a taboo when it is a hitch and a clitch between the two. Why should there be a secret if its there it means somebody is hiding and would not want to share.
My only wish is Children’s Income if put on right track there should be no hassle, and only parents can do it to the best possible extent.
Thanks for sharing the opinion.
Shiva
😃🙏
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November 13, 2016 at 9:24 pm
Love how you manage to get people thinking & communicating here. I don’t have kids, however parenting seems not at all like a ‘one size fits all’ affair. Important in all relationships, teaching & caring for ones included, is to emphasize good intentions, respect, and compassion. Sometimes the most loving thing to do is to help each other do the most difficult thing.
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November 14, 2016 at 3:15 pm
Thanks for that praise Daal ! I think it is because of various reasons. Your words are something to pat my back, but the real fact is the subject which is kept for discussion and the interest of those who really participate, read and are serious about it.
As for me I usually do not chat on my Blog – saying, just one – thanks, welcome, wonderful or something like that. I give a statement to the statements of comments and I feel good about it. I feel I have shared my thoughts, experience and knowledge.
I have got my ardent reader friends who also share the same. What more do we want here, isn’t?
I once again welcome you here always Daal to share your thoughts.
You are absolutely right when you say ” One Size fits for All” .cannot be so.
I just loved this statement of yours
“Sometimes the most loving thing to do is to help each other do the most difficult thing.”
The importance in all relationships what you say I agree in toto.
I only felt you could have been a very good parent.
Fondest Regards,
Shiva
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November 15, 2016 at 4:53 am
your kind words are much appreciated, Shiva. I am childless by choice, though I celebrate those who take on the challenge. In a way, however, I feel like we are all constantly parenting each other regardless of blood ties or ages involved. We are either examples of what to do or of what not to do.
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November 15, 2016 at 6:53 am
Interesting topic. It depends on the kids age and maturity. If they earn more than they need, while they live at home, I find it fair, that they pay for food, personal care etc. Everything costs. If the parents can afford it, they can save this income in an account and give the kid back, when they move away from home or need the money for a bigger investment of a kind.
To pay for living at home, fair pay I mean, not too much either, learn the kids that nothing is free and help them to learn to calculate with expenses later in life.
Irene
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November 15, 2016 at 8:32 am
Beautiful Irene! I absolutely agree to your views and its so true. Everything costs is the main criteria, children do not understand the value of money when parents shell it on them; until they start earning.
A large percentage of Parents in this world do no not expect the child’s money for their livelihood. Only under exceptional conditions children may have to bear the expenses. Parents dependence on Children’s Income is rather very less but parents monitoring Children’s Income is a must. In this dangerous world of dangerous people innocent children tend to spend or invest in unwanted things. They might be spending their hard earned money into spurious relationships.
Experienced parents should keep track of their Children’s Income and advise them the best possible ways.
Thanks Irene!
Your thoughts and contribution to my other posts shall be a great Welcome.
Regards,
Shiva
🙂
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November 15, 2016 at 8:53 am
You are welcome. I find the topic very interesting.
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November 15, 2016 at 8:09 am
This is fantastic “we are all constantly parenting other regardless of blood ties or ages”, My Hugs Daal!
I will tell YOU this is again expansion of the self. Only rarely people have this thought or feelings.
Your example of choice of what to do and what not to do is a thing to be pondered.
Shiva
😃🙏
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November 16, 2016 at 3:14 am
It is the parents’ responsibility to love, nurture, feed, clothe, protect, teach, and discipline their children. One of the things to be taught is responsibility in all facets of life which includes money. When I was young and got my first job at 16 it was at a bank, I opened up a bank account and saved my money. My parents taught me how to spend and save in a responsible manner. I suppose if the parents aren’t responsible with money then they won’t be much of a teacher. Once the child becomes an adult, at what age that is, is debatable, but somewhere between 18 and 24, they should be mature and responsible enough to learn how to manage their money or take a course if they were not fortunate enough to have parents to teach them. The child is always a “child” of the parent and should always feel able to ask advice and perhaps the parent might even learn from the “child” when they become adults! Very interesting topic Shiva, with lots of wonderful and insightful responses! 🙂
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November 27, 2016 at 10:47 am
It’s a very interesting topic, Shiva, and I have enjoyed reading it and the commentary it generated. The different cultures across the world shared their practices here. I don’t have kids and can only remember my own upbringing.
Since I had my first job, my parents never asked me nor have I shared with them how much I earned. I’ve been raised with a firm commitment to achieve financial independence from my parents, so they were very proud when I could support myself without depending on them.
Thanks for the reflections.
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November 27, 2016 at 6:21 pm
Lucile!
This comment and thoughts you have shared shall again be an example to all as a responsible and ambitious kid that you were. It also shows the respect you had for your parents and had made them happy by being financially independent. The purpose of this post is being served by contributions like you all.
I only felt you could have been a very very good momma.
Thanks
But do not make long gaps. We miss you here.
Keep visiting and boost the endeavour and energy. As you are a potential person.
Shiva
🌷🙏👌
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December 11, 2016 at 6:19 am
This is a nice post but earning is a part of human life.
We shouldn’t judge a person by his net worth because his nature and qualities can be worth infinity.
Your blog is worth reading but My Theory suggests that life is more precious than money.
Be cheerful and make the world around you happy.
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December 11, 2016 at 6:37 am
Your Theory has been my Practice.
I did not say to judge one on their worth anywhere. Yes their worth is in what you say.
The post here wants to stress on the Children’s Income, what we as parents try to neglect. Please read the other comments on this posts. So many bloggers have contributed their sincere thoughts and feelings on the subject.
Thanks for making me remember to be cheerful and happy.
Fondest Regards,
Shiva
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December 14, 2016 at 4:26 pm
As a child, how much I make and what I spend it on is none of my parents business. With that said, I do not mind a little parental concern or guidance. Usually, that comes from my Grandpa, but occasionally I get this from my parents. 🙂 I am fairly responsible and if I want to save up and get “X”, then I don’t need my parents questioning my decisions. I no longer live under their roof, so they cannot tell me how to spend my hard earned money. Sometimes, mistakes are the only way to learn a lesson and I have made my fair share…
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