No he doesn't. He told me that when he was in high school and wanted to buy a stereo his dad said "you might as well buy a surround sound system" and that sounds like that's what started it. I asked him if his parents ever taught him about finances and he said no.

My dad used to have me sit there when I was little and write checks for bills and balance his checkbook. That was when I was maybe 8 or 9 so I have had people showing me and teaching me pretty much my whole life. And my mom would kinda do the same thing. But his parents never did that. He goes last night "money isn't anything" and I said "that shows me that you have never been poor" lol.

His parents just kind of buy him whatever he wants without a second thought. My mom and dad would say "okay we only have enough money for one thing so which do you want?" whereas his parents would buy both. And his grandparents took out a mutual fund that matured for 18 yrs so he pretty much had his entire college education paid for whereas I have about 60,000 in loans and my parents and grandparents didn't help me out at all.

He still doesn't pay for his cell phone or his car insurance. His parents just don't even want him to. I can just see a major difference in maturity when it comes to material goods and money. Like when he bought his new car he didn't think about anything except that he wanted it. I will sit there and think "how much will insurance be? how much more will gas be? whats the mpgs? how much are parts when the warranty runs out?" he just kind of....buys it.

I guess its just a difference in how we were raised because I'm from a lower-middle class family and his parents have always been fairly wealthy. Luckily he has always had the money to spend on things but I'm worried that, come may when he graduates, he wont find a job right off the bat and will still spend money like he has it. I will seriously have to grab his arms and pull him out of best buy sometimes....