Arifriekinel
Recycles dryer sheets
What exactly are we looking for from our parents? What if things turned bad and we had lost it all? What would we say to them then? Does reporting net worth in good times make it harder in bad times to discuss declines?
I'd imagine when we're down, we want to know that they still love us, to help us and guide us, and when we're up, we want them to be proud that they've done well in that guidance and proud of us and happy for us. I've got no qualms with the word proud, and love when my mom says 'Oh honey, I am so proud of youuu!" In her super-mom way.
When our son was out of work I could tell he needed to discuss some money matters and ask for us to help him but sensed he was ashamed of the state of affairs. We always told him things would get better, etc. etc. He's feeling a lot better now after finding a good job. If he announced he had saved $1M some years from now, I'm not sure how I'd feel. Maybe relieved but then a little worried that he would not know the details of managing the money into ER. Parents always worry.
That's true. I'm pretty educated when it comes to credit and finance, and my mom knows this, and knows why I wanted a credit card to get cash back, pay every month, and build credit for when mortgage time comes.
But of course when I let her know I finally got approved after trying for the last couple of years to no avail, her first reaction was to panic