Should you tell your salary to parents?

Many of us have overheard children talking about parental income. Just as it is inappropriate to ask for the income of the other, it is obscene to talk about your income and make it public information. There is just no need to disclose what we earn to anyone. It is ours to hold, spend, save and invest.

Why is it rude to ask salary?

Basically it’s a ruse to prevent income transparency which is the prerequisite of income equity. Employers simply don’t want you to know what income others have in order to keep you from asking for more when you discovered someone had more although he was doing the same as you.

Why you should not reveal your salary?

The problems that arise from disclosing how much you earn are many. First, people who know your income begin to associate you with your earnings, as if you are the money you earn. Second, people will begin to make money decisions for you. You will be expected to pay for stuff you never intended to pay for.

Why do parents take their kids money?

Nearly half of parents bribe their kids to incent good behavior. In such households, kids may grow up believing they deserve money just for doing the right thing; it may lead to even more crying and more temper tantrums down the road as the little moneygrubbers look to be bought off.

Are parents allowed to slap their child?

The line between corporal punishment and physical abuse can be blurry, but the general agreement in all 50 states is that it is always acceptable for a parent or legal guardian to open-hand slap or spank their own child.

Why do my parents always ask me for money?

There are many reasons your parents may ask you for money. Some are valid reasons, and others, not so much. Sometimes the unexpected happens. Your parent may find him or herself out of a job and in need of money. Our neighbor, Rob, worked hard all his life.

What happens if you give your parents money and your spouse?

If your parents are routinely asking for money, your spouse may be annoyed or angry. After all, you’re giving away money that now can no longer be used for your own retirement fund, household needs, or for your kids. If your spouse is tired of you giving your parents money, please listen.

Do I have to share my salary with my retired father?

No, you don’t need to share your salary with your retired father to help get your younger sister married. Your father didn’t have to send you to college either. Or buy you those chocolates you wanted when you were a kid. What could possibly have induced him to spend his hard earned money on you? Was he taken advantage of?

Should you lend your parents money to pay for college?

There’s no reason why a son should be financing his mother’s highlights and pedicures when he himself is working two jobs to pay his way through college. Finally, if your parent is in dire financial straits due to addiction or gambling, you shouldn’t lend them money. Using tough love here would be the best advice.