14. Overindulging as a Single Parent
One parent got a loan to take their child to Disneyland with friends for his seventh birthday, said Cooper. Another parent booked a weekend at a fancy hotel with room service to celebrate their child’s graduation from elementary school. And they put it all on a credit card.
“A lot of single moms stick their necks out and do crazy things to give their kids whatever they want,” said Cooper. “But since kids don’t have an end to what they want, these women end up broke. These women are often driven by memories of their own deprived childhoods, so they overindulge their children [at] their own peril.”
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