Spoiled brats and money
- Financial Planning, OFW, Saving money, budgeting, career, credit cards, debt, family finance, kids and money, spending habits, women and finance -
Warning: the first few paragraphs of MoneySense’s personal finance feature today may read like the diary of a rich, spoiled brat:
When Mardie and I married in 1999, we were better off financially than other newly-weds. We already had a townhouse (my parents helped with the down payment), acquired through a loan from the Government Service Insurance System. I was working then as a lawyer at the Securities and Exchange Commission; Mardie just finished a contract with a foreign firm and started a consultancy business.
We weren’t concerned about other things as I was pretty much relying on my parents for support. Being the youngest and only girl in a brood of six, I had lived a stress-free life especially about money. My dad was and still is a great provider. Growing up, there were plenty of extras and luxuries (I had a credit card when I was a teenager in the 80s), so at a young age, I was used to buying stuff without thinking of how to pay for them. I actually did not give up my dad’s credit card until a few years after I got married. I knew I could always count on my parents to foot some of the bills and pitch in whenever we had money emergencies. Deep down, I felt that my husband was uncomfortable with this set-up, but he seemed to accept it, and was never resentful.


