Mindy Tan wrote in the New Paper that some parents are willing to spend $3K on their kids' parties. To them, it is a move that creates a balance with their kids' academic stress. Some parents claim that $3K is a "conservative estimate" and think that it's "ok to spoil them for a few years". However, this amount is too excessive and such enjoyment will just lead to the kids taking finances and their parents for granted. Thank goodness some parents are contented with having a McDonalds' party and some even throw parties for the less fortunate to teach their kids to appreciate their own lives.
It is the same rationale that can be applied to parents' excessive spending on toys and the latest technological gadgets for their young kids. Will the kids truly appreciate their parents' hard-earned money which has been used on them? They will ultimately get tired of their possessions and throw them aside, only to hanker after new ones.
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