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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Friends with money

89 replies

the7Vabo · 11/07/2024 07:48

Posting here for other opinions rather than AIBU if that’s allowed.

Per the title most of our friends have a lot of money and some have serious amounts of money.

My DC are pretty young but recently we went on holidays with friends who have serious money and they rented an amazing mansion and we rented a perfect nice typical holiday home. Five nights in our house cost less than one in theirs to give you an idea of scale.

My DS(6) who never appeared to notice the disparity before has announced (firmly) that he wants to get their house next time we go.

I sense this will be the start of many conversions on the topic.

I tried explaining that money isn’t really what matters in life but that went very much over his head.

We live a nice comfortable but nothing remarkable life. But he has a lovely school, nice room, nice area to play in. He also had a bustling social life - weekends of hobbies and seeing friends for coffees.

I don’t expect a child to be grateful every day of his life but I’d like to raise a child who doesn’t worship money (which at the moment he does!)

I also don’t want him to feel upset or hard done by or that he needs certain material things for his sense of self esteem. It upsets me somewhat thinking about this because even though I didn’t grow up in poverty, I remember the feeling of not having things that other people had and it made be feel like they were better than me. But at the same time now I’m an adult I obviously disagree with that logic! I also get a bit annoyed at him for wanting things when I know it’s normal for a kid.

I have thought of showing him dire poverty but that seems OTT for his age and as bad as it’s sounds I felt there were so many similar charity ads when I was growing up with pictures of babies in Africa I barley registered them.

Any advice on how to approach conversations.

OP posts:
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MasterBeth · 17/07/2024 22:01

BeardyButton · 17/07/2024 19:33

OP I have this issue. I found just talking through the fact that, although we don’t have to worry about money, we aren’t as wealthy as some of the people we know. I will say… it worked well until I got my kids’ school writing books back at the start of the summer. He had written an essay on how we are not rich. It ran something like - my parents aren’t poor, but they are not rich either. My house is ok, but not huge. We go on holidays, but not as much as I’d like and we never have a private pool. I was mortified thinking about the teacher reading it… 🥴

Why?

The teacher won't care.

MasterBeth · 17/07/2024 21:59

You sound nuts.

Your 6 year old does not "worship money".

It's very easy to explain wealth discrepancy to children. "We haven't got enough money for that."

Mimimimi1234 · 17/07/2024 21:55

I talk to my children about wealth divides across the world quite a bit. You can show them pictures of diffefent types of hpuses and there is a good article with pictures you can google on favourite toys of chikdren across the world, where in one part of the world the toy is a plastic bottle and another part its a nintendo. I think its healthy to show ypur kids that they arent in a bubble, to be grateful but also that there is always someone richer and always someone poorer, wherever you are in the scale. I explain some childfen live in rubbish dumps and have no school, some live in palaces but we are all human. My son always says he wants to make lots of money when hes older but he will give half to the poorer people. So I think its fine to want money and great if you can make lots, but perspective and compassion for those less fortunate is as important. Thats what I try and teach them about money. They often ask, are we rich or poor. I tell them its relatjve but we are more fortunate than much of the worlds population and I think although we arent super rich, anyone earning a decent wage in the west enough to afford a holiday abroad is in the worlds top 10 percent of earners

Createausername1970 · 17/07/2024 21:28

Thedayb4youcame · 17/07/2024 19:35

You make it sound like you eat them in at least two parts...am I the only one who just shovels them in ?

No, you are not the only one. I have witnessed my son doing just that - and two have gone in at once. It's not called a cake hole for nothing 🤣

AstonMartha · 17/07/2024 20:53

You are making it about money. Your 6 year old just sees a house that he likes. He doesn’t know what it costs and whether you can afford it or not.

I remember being excited when I went to a friends house because they had a soda stream and I thought that they were the coolest family ever.

He’s 6. Let him be excited by his friends house.

Kitkat1523 · 17/07/2024 20:29

my friends have always been of a similar wealth to ourselves ….some a bit more….some a bit less….but nothing major ….kids see things in black and white….they want what the rich kid has…… they not going to buy you saying ‘ money doesn’t matter’ …..find some other mates to go on holiday with

GoFigure235 · 17/07/2024 20:15

BeardyButton · 17/07/2024 19:33

OP I have this issue. I found just talking through the fact that, although we don’t have to worry about money, we aren’t as wealthy as some of the people we know. I will say… it worked well until I got my kids’ school writing books back at the start of the summer. He had written an essay on how we are not rich. It ran something like - my parents aren’t poor, but they are not rich either. My house is ok, but not huge. We go on holidays, but not as much as I’d like and we never have a private pool. I was mortified thinking about the teacher reading it… 🥴

I doubt the teacher has a private pool either so it's probably fine 😂.

Poppysmom22 · 17/07/2024 19:36

Ooooo you have to savour the scrummyness

Thedayb4youcame · 17/07/2024 19:35

Createausername1970 · 17/07/2024 19:32

How do you eat them? I turn them upside down and eat the sponge first, so I am left with the blob of cream covered in icing. Yummy.

You make it sound like you eat them in at least two parts...am I the only one who just shovels them in ?

Poppysmom22 · 17/07/2024 19:35

Createausername1970 · 17/07/2024 19:32

How do you eat them? I turn them upside down and eat the sponge first, so I am left with the blob of cream covered in icing. Yummy.

I bite of the icing then lick the blob then scarf the bun in two bites not classy or elegant but completely enjoyable

BeardyButton · 17/07/2024 19:33

OP I have this issue. I found just talking through the fact that, although we don’t have to worry about money, we aren’t as wealthy as some of the people we know. I will say… it worked well until I got my kids’ school writing books back at the start of the summer. He had written an essay on how we are not rich. It ran something like - my parents aren’t poor, but they are not rich either. My house is ok, but not huge. We go on holidays, but not as much as I’d like and we never have a private pool. I was mortified thinking about the teacher reading it… 🥴

Createausername1970 · 17/07/2024 19:32

Poppysmom22 · 17/07/2024 18:03

God I still think French fancies are the very pinnacle of class in cakes.

How do you eat them? I turn them upside down and eat the sponge first, so I am left with the blob of cream covered in icing. Yummy.

Createausername1970 · 17/07/2024 19:27

I have had similar, but with BIL's car, swanky Porsche, as opposed to our Ford Focus.

At that age I just said, very straight forward, we can't afford that, he has more money than us. Generally that was all that was needed.

Scottishskifun · 17/07/2024 19:27

My 5 year old is similar one of his best pals has a awesome house whilst he shares a bedroom with his brother.
He's also said how he wants to go to Disney land and how come he doesn't get a toy each time we do a day out somewhere.

I simply explain that many things cost money and that we still do nice things and holidays as that's what mummy and daddy save our money to do. He knows if he wants a toy he saves for it then asks to take some of his money with us on a day out.

He's not too young to explain about savings and also reality that everyone's lives are different and have different things going on.
His friend on the other hand wants to come to our house because we have a tree swing and he thinks it's the best thing!

Thedayb4youcame · 17/07/2024 19:25

Poppysmom22 · 17/07/2024 18:03

God I still think French fancies are the very pinnacle of class in cakes.

Well they are.

FuzzyStripes · 17/07/2024 19:18

Most children prefer to go to the other house as it’s different and more fun.

decionsdecisions62 · 17/07/2024 19:16

It was bound to happen. Teenagers are always impressed by money. It doesn't mean they don't want their life.

Poppysmom22 · 17/07/2024 18:03

saraclara · 16/07/2024 20:48

That reminds me how much I coveted my friends having shop bought cakes! My mum wouldn't have dreamed of ever buying them. She cooked or baked everything from scratch.
I was in heaven when my friends' mums served up Mr Kipling french fancies!

God I still think French fancies are the very pinnacle of class in cakes.

JazbayGrapes · 17/07/2024 16:45

at 6yo you don't need to overthink it. But in future i probably wouldn't holiday with people where difference in money causes discomfort.

GoFigure235 · 17/07/2024 15:20

MiddleParking · 17/07/2024 13:45

I don’t think it’s telling it like it is to teach your kids to feel better about material things they don’t have by identifying subjective things to feel superior to their friends about, especially not things that are personal or hurtful. Telling it like it is would be being matter of fact about people having different financial situations and making different choices and then leaving it there. Saying “I bet your friends wish they had a daddy like yours who has time to play with you” isn’t giving them understanding of anything - it’s almost certainly not true, it’s judgemental, it reinforces comparison and envy, and it has potential to come back to bite both you and your child.

I agree with this.

And often rich children have perfectly nice parents who aren't overly stressed, play with them loads and do lovely things with them. So often it's a lie anyway.

Better just to tell it like it is - some people have more than others and that's just life. But we (and for many families, this will be true) are fortunate compared to others who have less, so although it might not always feel like it, there isn't all that much to complain about and best just to enjoy what we do have.

MiddleParking · 17/07/2024 13:45

Thedayb4youcame · 17/07/2024 08:24

That would be the risk / trade off of having to tell it like it is. A choice between making your children happier through understanding, or not allowing them the understanding as it risks upsetting the others if repeated out of context.

My mother wouldn't have given the latter a second thought, if she knew what she was telling us was true.

I don’t think it’s telling it like it is to teach your kids to feel better about material things they don’t have by identifying subjective things to feel superior to their friends about, especially not things that are personal or hurtful. Telling it like it is would be being matter of fact about people having different financial situations and making different choices and then leaving it there. Saying “I bet your friends wish they had a daddy like yours who has time to play with you” isn’t giving them understanding of anything - it’s almost certainly not true, it’s judgemental, it reinforces comparison and envy, and it has potential to come back to bite both you and your child.

Starlight1979 · 17/07/2024 13:34

bigmammycool · 15/07/2024 09:51

Why is a 6 year old meeting friends for coffees

This was my first thought too 😂

GoFigure235 · 17/07/2024 13:30

Don't destroy their innocence. It's perfectly ok for kids to think that it would be cool to have a swimming-pool, a bowling-alley, a trampoline or whatever their richer friends have. Let's be honest, it is pretty cool. And we're not failing as parents just because our kids covet cool stuff that other people have. It's normal.

One of my DC's friends has horses and a swimming-pool. My DC is scared of horses so no issues there but he would quite like the swimming-pool. We've been swimming there a few times and I just say when DC raises it "Yeah, it would be so nice to have a swimming-pool like Tom does, but our house is too small. Maybe we could flood the kitchen?" And that makes my DC laugh. And then I point out that the public pool is 15 minutes away and would DC like to go swimming at the weekend? And maybe DC can have his own swimming-pool when he's grown up. End of issue.

AGodawfulsmallaffair · 17/07/2024 12:56

A lot of my school friends had stuff I didn’t and would have liked. I was fine, it’s one of the first life lessons in not getting everything you want.

Winkler · 17/07/2024 12:50

Catza · 11/07/2024 08:21

I grew up in poverty and I remember feeling left out well, however, I also always had a sense of family finances so knew that I couldn't really assertively ask for anything even at that age. Maybe your son doesn't quite have the grasp of money and the disparity between your comfortable income and the amount of money that is needed for the upgrade.
From that perspective, I think showing him "the other side" might just do the trick. I would start engaging in volunteering as a family. Maybe a soup kitchen or a food bank a couple of the times a month. But keep it light and in the spirit of helping people with less, rather than using it as a lecturing opportunity.
I think it is disingenuous to say money doesn't matter. It does. But you should also tell him that he is welcome to strive to earn higher salary as an adult. I think involving kids in budgeting is also great as it allows them to conceptualise money better. I know that my youngest cousin went through a similar stage and it wasn't until he started using his own stipend to buy food while living with our elderly grandmother that he really got it.

Agree with getting them involved with budgeting. My dad used to come home with his pay packet and mum and dad would sit with me and help me count out money to go into various tins - one for food, one for electricity etc. I’ve always been perceptive and knew from very young that my parents didn’t have a lot of money, without them saying it. All our needs were met but not our wants, and I so I never asked for things that I knew would have been a stretch.