WBZ's Money Matters with Dee Lee

Thursday August 21, 2008 - Financial Roles: When You Are Somebody's Parent

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Play from 0:02[0:02] ..." our lives that's the topic here on WBZ news radio 1030 with certified financial planner deeply and today we're looking at. One of the biggest financial roles of our lives and that's the financial rule of somebody's."...

Play from 0:18[0:18] ..." their hand and probably most expensive. Great Department of Agriculture. You -- middle class -- it's going to -- thousand dollars to raise a child."...

Play from 1:02[1:02] ..." two year old. Could -- her elder that I -- full scholarship at a higher rate -- it didn't happen somehow it didn't happen so what we hold."...

Play from 1:55[1:55] ..." not a hand Anthony. We don't allow markets to struggle -- require coping skills if we never make them budget their loans that require money management skills. If we never make them wait for gamer toy."...

Play from 0:00[0:00]" The financial roles we assume in our lives that's the topic here on WBZ news radio 1030 with certified financial planner deeply and today we're looking at. One of the biggest financial roles of our lives and that's the financial rule of somebody's."

Play from 0:13[0:13]" Parents you know it's an awesome responsibility Anthony and I know it's hard to stop by their hand and probably most expensive. Great Department of Agriculture. You -- middle class -- it's going to -- thousand dollars to raise a child."

Play from 0:26[0:26]" And that doesn't include accounts and there are always your kids now yeah it doesn't stop and go off to college and get married or whatever they're always your kid doing your choice Dylan helped them."

Play from 0:36[0:36]" You know and this is this a frustrating thing -- raising kids. They'll come with instruction -- checked again and as a new mother I served time in low because. Everywhere wanted to give me advice no no unconditional guarantee or return policy -- know currency and currency. You know everybody wanted to tell me what to do you know if you do this your child's going to be great scholar. If you do this you know maybe you'll get into university of you know I run an -- two year old. Could -- her elder that I -- full scholarship at a higher rate -- it didn't happen somehow it didn't happen so what we hold."

Play from 1:12[1:12]" In -- and her arms you know we've looked down into tiny face they wrapped their fingers around cars were hooked. All reason out the window exactly there's a covenant and unwritten covenant you want to give them the world should you not have the world. Which you want them to have a world better than new -- your goal is change you become apparent this house in the better school district you know part. Supersedes anything else you thought you wanted. We want our kids to have a -- their own. A good education. Nice clothes -- hand me downs for our kids mean I was the oldest -- so I never -- hand me downs from my sister's -- her. You let them to have a computer a cellphone. We are overwhelmed with love and need to protect the too often is it's not a hand Anthony. We don't allow markets to struggle -- require coping skills if we never make them budget their loans that require money management skills. If we never make them wait for gamer toy. On the expect instant gratification and abuse credit cards in the future. So hard to teach your kids about money -- that is part of our job as parenting okay checked the website for all of these great ideas on parenting and money here on WBZ. Wbz1030.com. More tomorrow on WBZ news radio and their."

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[0:16]..." On their -- system for the most and oftentimes -- tell the kids. And as in my research I found recent studies contradicted studies done in the seventies and eighties. And it's shown to kids don't get beat up be motioning divorce. And they never recover for effects their future relationships and behavior. So here's republic should be spending their time and their money try to do what's right for the kids. This does not mean money is going to make up for the break up. But the kids should be the priority at this very difficult to focus on in the middle of the in the heat divorce because your anger with each other and you're forgetting about the smaller players. The finances for the kids in most instances to -- to any of living changes and not for the better. According to Census Bureau there over semi three million kids under the age of the teen US. And that twenty million are living in single parent households over sixteen live with their million live with their mom and over three million live with their dad. And there are many kids living in a two parent home. Come with step parents so there's a lot of kids out there affected by divorce. That child support -- is going to cost to reach your child how much of the non custodial parent be expected to pay it depends. If you have a child with special needs are special schooling requirements certainly asking for more. "...

[0:02]..." to do that's the topic here on WBZ news radio 1030 with certified financial planner Dee Lee and today. We are focusing on possibly the most important. Players in the divorce stage and that's the kids I think selling them. "...

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[2:03]..." like spices losers -- in a couple of months. Britain has a shelf life dishwashing detergent as a shelf life -- Be cautious of what to buying only by which are going to use if you can't consume it in within two "...

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[0:00]..." On WBZ news radio 1030 with certified financial planner do you leave all the -- we've been talking about kids and money but today. A special kind of -- a grown up kid I -- the scary kind yet they spent a lot more and ask for more to me do. Now if the don't child brings up the subject of money it's often because you know they want to borrow money from you or they maybe went to -- cosigned a loan from them I strongly recommend you do not co sign alone militia have the cash available to pay for what ever their purchasing. Is that they default and that alone is your your loan that's right York credit rating exactly and you know what. They're driving off on a motorcycle you're still paying for yet so just be careful. That's hopefully "...

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