Managing Your Finances
In this day and age of economic woes it amazes me how little people are paying attention to their finances. They live paycheck to paycheck, have no set budget, have no idea who they owe let alone how much they owe, and no financial planning. I personally believe they should spend time teaching people right from primary school about personal finance and parents should set a good example and help explain the family budget to the children.
Make going to the grocery store a learning experience for your child. Show them the entire process from setting a budget on how much you can spend, how you plan your shopping around sales and how you use coupons to make your dollar go a little further. If you don’t do this and just go to the store and shop, then you owe it to yourself and your children to start and do things properly.
I have enoucntered grown adults who don’t even have one dollar in thier bank account. Or those who have said “I had $1.03 in my bank account, bought something for $1.00 but didn’t figure in tax and so I got charged an overdraft fee”. People go through hard times and I understand that, but when you find out the $1.00 was spent on something like a chocolate bar then I shake my head in disbelief.
Don’t get me wrong, I have been through hard times myself, but I WORKED two jobs until I got on my feet. During the time of financial hardship, if it was not a necessity, we didn’t buy it. But there are so many people who always seem to be in financial hardship because they don’t have a plan and they do not spend their money wisely and most of all, they do not live within thier means. I am sure people who live like that live far more stressful lives than they need to live.
If you are one of those people, it is time to get your life in order and teach your children how to handle their personal finances. If you don’t know where to start, then hop on over to Ready To Save a website that doesn’t cost a penny and offers loads of advice on how to save money, make more money and get more bang for your buck.
