We need to start by teaching our children an learning ourselves to live within our means.
Kenny Ray has to save half of all money he receives he has to put into a savings account. it his hard to do sometimes and we argue and sometimes I lose . I need to pray for the strength to help me follow thru. It seems he his always borrowing money from me for this or that .in order to teach about the cost of money i am going to start charging him interest on the money. and hopefully he
will see the light about borrowing that cd or dvd that was 10 dollars actually will cost him 15 dollars after his debt is paid. it may seem trivial but it is the same for house . we may purchase a house for 80,000 dollars purchase price but the real price is 300,00.00 dollars.Even worst is credit card debt that 500.00 dollars you put will cost you thousand dollars if you do not pay it off. All of this debt is self imposed , as nothing you buy is worth the true cost of the money not even the house when you consider the maintaince and taxes that you continue to during and after the loan as well as the time you spend away from you family at a job. We are slaves to the banks
No comments:
Post a Comment