Last time we awarded a Weaky, it was for someone that may have ruined her life on her mistake. It will be easy to agree that with today’s Weaky, no lives are ruined. The winner for Weaky #2 is Sheila. A proud mother, and a waste of hair dye.
How did she win a Weaky? She threw a $3,000 birthday party for her son. Not so bad if you’ve ever seen “My Super Sweet 16” on MTV. Though, Chapman’s son is 1 (uno) year old. Her delusion is that this 1 year old is capable of understanding whats going on.
“These are the memories I want him to have,” she says. “I want him to know how important and special I think he is.”
This is not possible given the lack of cognition in a baby. Do you remember your 1st birthday? Probably not. But if your platinum haired mother threw one for you and made a big deal out of it, she would probably REMIND you of it every chance she gets for the rest of your life.
Granted, $3,000 is not a huge amount of greenback. And so what if this party was more for the mom than the child? Its not a big deal to have a publicist even though the only celebrity she’ll ever have is this local newspaper featuring her. She gets the Weaky for the poor use of money. She’s setting a bad example that will likely affect her son as he grows.
I’m all about behavioral finance. It stems from two points of interest. The first is how we use our money regularly. I call this natural behavioral finance. The other interest is nurtural behavioral finance (natch). And yes that’s a word. Chapman is nurturing her son to have no respect for money. The Millionare Next Door would speculate this child will never be independent of his parents. Despite possibly making good money someday, he will have to rely on his parents for support even after he has his own children. There’s hope though, maybe Mr. Sheila isn’t a self absorbed fool.