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I think the important thing is that your children see you using money responsibly. My mother loves to shop, so it was always a big part of our lifestyle. BUT she never spent money excessively... things we needed or things that we really wanted were most always available, but I never got things just to have them.
Also, make sure they know how to respect the items you buy- so you won't have 16 year olds who wreck their new vehicles and then automatically expect another brand-new one to be sitting in the driveway.
I highly doubt you are spoiling your children!
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phi mu
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