I Am My Daughter’s Bank

Sep 01

She looks at me warmly,
With her sweet baby blues,
And I hand her some cash,
And she buys some new shoes.
 
I look like her dad,
But I feel kind of blank,bride
As I hand her more money,
I’m becoming her bank.
 
I’m her ATM Dad,
I’m her angel investor,
I’m her blank kind of check,
It’s MY credit I hand her.
 
I’ve created a monster,
Who feeds on my cash,
She’s ruined her credit,
And her life’s in the trash!
 
She’s dependent on me,
On my neck there’s a noose.
We’re both in too deep,
But I can’t cut her loose.
 
If I just cut her off,
From her frivolous spending,
She’ll resent me forever,
But my cash flow is ending.
 
I’ve my own bills to pay,
And she wants a new car,
How come I’m now the jerk?
This has gone way too far.
 
I’m her lottery winnings,
I’m no longer just Dad,
I’m her loan officer,
And for that I feel bad.
 
If I could go back,
To my parenting days,
I’d teach her of money,
And responsible ways.
 
For that, she won’t like me,
Might even get mad,
But she’ll learn self-reliance
From her teacher called… Dad.
 
 
Steve
 
Is it so wrong to give your children everything you never had? Wrong, no, effective no. Just think if you could go to the bank and borrow money, interest free, with no real deadline to pay it back. Wouldn’t that be sweet? Would you ever learn to be responsible with money?
 
That’s the business relationship we sometimes set up with our children when they don’t have any responsibility or accountability for their financial IQ. Let them learn. Let them earn. It might be a bit uncomfortable in the short run but they will thank you in the long run. And it’s the long run that matters. 
 
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