Topic > Essay on the stereotypical family - 1619

Exchange theory is the economic part of the social relationship and states that people prefer to limit costs and maximize rewards when it comes to social exchanges” (Lamanna, et all, 2015) . Likewise, my parents always carefully planned how to spend their money. When paying bills they had to consider which bill took priority versus which bill could be paid late. Lamanna et all (2015) states that “those of us with greater resources, such as education or a good income, have a wider range of options to choose from”. People who have more education and income are able to do more than others who do not have these characteristics. Compared to the authors, my family doesn't have a wide range of options when it comes to making decisions. To highlight the importance of income, I saw that it affected my family the most because it forced me and my siblings to do so many things. I was never able to continue my passion with the sport due to the high costs of competing as well as my brothers. My parents found some satisfaction in my childhood, like taking us to Florida every Christmas and going to several soccer games together. They also had to balance the costs of not being able to help pay for our college education and consider the rewards where we had money to pay