16. The bank of Mum and Dad
When you have teenagers, your hand is always in your pocket for something. But when we act like bottomless money pits, are we really doing them a disservice?
Tom Smith was seventeen when he took his father’s credit card and went on a four day shopping spree – in Rome. Apparently, he was tired of the wet weather in the UK, and angry with his parents for stopping his allowance when he left his private school, deciding to take a gap year. He bought a Louis Vuitton suitcase, a Prada coat, Versace trousers and Dolce & Gabbana jeans. His shopping spree racked up an amazing £12,000 on his father’s plastic.
Now, that was a true story, and hopefully it puts your own teenager’s spending in perspective. But it is a fact of ...