"Why do my parents get to buy what they want, but I don't?"
This answer has two forms, depending on where the family is financially. If they are having financial problems and continuing to buy things, says Orman, then “they have been a horrific financial example. They are raising dumb money kids…if they are buying things that are 'wants' versus 'needs,' then kids are asking a very legitimate question.”
If, however, the parents have a job, and are financially in good shape, “The answer is simple—Your mom and dad went out and worked for this money and they can go out and make a decision about what they spend it on.” Stress to the kids that if they work for their money or save their birthday and holiday money, then they can make decisions about what to buy, says Orman. And don’t reneg on the deal. “If you stop them, then they won’t want to save anymore.