Financial Advice
This weekend, friend LL gave me her March copy of "Real Simple" to read since she was finished with it. I used to get this magazine before I realized how little time I had to read it. And like DrMI recently said, "I end up reading about four of them all in one week when I have a break from school". Anyways having a magazine to read in off moments has been fun.
I liked this month's 'question', since it went along with my teaching about the Great Depression in American History: What's the most surprising financial advice you've ever received?
Here are some of my favorite responses-mostly because they fit with my thinking about money:
"When you buy something on sale, you're not saving any money- you're spending it."
Note to self, re: shopping while poor.
"If money is your only problem, it is not a problem, it is an inconvenience."
So true, especially when you think about the Depression and other times in history when people have had it really rough. No one here is starving or wearing out their shoes.
"People fail because they trade what they want the most for what they want right now. For example, $200 for a purse, or $200 for the savings account?"
-Husband and I have both been doing a good job of this while we are school-poor. I like that we are first and foremost practical 95% of the time and then once in a while, or the other 5% we recognize the importance of just going for it.
"My father told me to save, save, save. My mother told me that you only live once, so you might as well have a good time. I have found a combination of the two."
-This is the story of my life- it is the thing that made me realize I was glad my parents were divorced- because they would have fought constantly about their ideas if not.
"Spend extra money on making memories, not on material things."
"Go on vacations, experience life, and give to those who need money more than you do- even when you think you are poor yourself."
-I really like these two, they relate to an article I read in the January Economist about the happiness that things vs. experiences give you. Experiences are much higher on the list. That is why, although we don't have much money currently, we are still going on a vacation in the spring. Yes, we will be camping while most people would be staying in a hotel, but it is still worth it to be doing the things that we want. I also like these quotes because it talks about the importance of donating... And not just old clothes or worn out house-hold items. Husband and I having been trying to donate at least $500 a year to organizations that are doing policy advocacy and aid in things we believe in. Although it is tough to do that while we are in school, to me, it is about recognizing how lucky we still have it while things are "tight" for us.
I liked this month's 'question', since it went along with my teaching about the Great Depression in American History: What's the most surprising financial advice you've ever received?
Here are some of my favorite responses-mostly because they fit with my thinking about money:
"When you buy something on sale, you're not saving any money- you're spending it."
Note to self, re: shopping while poor.
"If money is your only problem, it is not a problem, it is an inconvenience."
So true, especially when you think about the Depression and other times in history when people have had it really rough. No one here is starving or wearing out their shoes.
"People fail because they trade what they want the most for what they want right now. For example, $200 for a purse, or $200 for the savings account?"
-Husband and I have both been doing a good job of this while we are school-poor. I like that we are first and foremost practical 95% of the time and then once in a while, or the other 5% we recognize the importance of just going for it.
"My father told me to save, save, save. My mother told me that you only live once, so you might as well have a good time. I have found a combination of the two."
-This is the story of my life- it is the thing that made me realize I was glad my parents were divorced- because they would have fought constantly about their ideas if not.
"Spend extra money on making memories, not on material things."
"Go on vacations, experience life, and give to those who need money more than you do- even when you think you are poor yourself."
-I really like these two, they relate to an article I read in the January Economist about the happiness that things vs. experiences give you. Experiences are much higher on the list. That is why, although we don't have much money currently, we are still going on a vacation in the spring. Yes, we will be camping while most people would be staying in a hotel, but it is still worth it to be doing the things that we want. I also like these quotes because it talks about the importance of donating... And not just old clothes or worn out house-hold items. Husband and I having been trying to donate at least $500 a year to organizations that are doing policy advocacy and aid in things we believe in. Although it is tough to do that while we are in school, to me, it is about recognizing how lucky we still have it while things are "tight" for us.
posted by KLOU | 2:38 PM
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