Hmmm, interesting topic Rockerkid. I think limiting your children on toys might have a positive affect, a negative affect, or even no affect at all on later spending habits. I think a lot of parents presume they are doing good by limiting fun things, but later in life, a person might actually spend more impulsively to make up for what they didn’t have when they were younger. I believe that depends on personalities, so it’s relative.
I know some people who grew up poor, but they are very materialistic and spend impulsively today. I know others who grew up well to do and got what they wanted, yet they are cheap and stingy and count every penny. I haven’t seen any studies on the affects of being limited on toys and how you will spend in the future. I think sometimes it matters, sometimes it doesn’t, and that is based on your personality. But, one thing is for sure, parents make the rules, and you follow.
I was not limited on toys, and mostly got them for birthday/Christmas, and when we got an allowance saved up (never consistent). But, I never found anything I was “crazy” about buying until I was about 12 years old. At that point, I was really into music (cassette tapes). I’ve worked since I was 14, so I bought music weekly when I got paid. I bought all my personal items from the age of 15 on, and I bought what I wanted with my money along with taking responsibility for my personal items. I paid for my eyeglasses, my clothes, and my toys. I even had my own phone line and paid the bill. 8)
For me, life is grand, work hard…and play hard. ;D For me, nothing has changed over the years. Your time will come.