Part 2-Adjusting To The New Reality
Tuesday, October 27th, 2009
Written By Judith Sherman
I can’t think of better advice from this video for you as a consumer, as a nation, and as a citizen of any nation. All of us will face these problems in the future, some of us sooner than others.
Having a savings account used to be the first thing parents taught their children about money management. Now few parents talk to their children about having a savings account. Instead, they teach them by example to spend money freely by using plastic credit cards and a check books.
Children nowadays have very little idea of what things cost or have an understanding of the value of money. We need to teach our children that we don’t buy everything we see and that we want. They need to understand restraint and delayed gratification in the greater scheme of things in life.
What plans do you have to adjusting your spending habits and save money? I understand that making ends meet and saving our money is a difficult thing to talk about in these times, but we need to find a way to put aside $10 or $20 a month to start with. After that, we need to find a way to pay off debt, one at a time, until each are all paid off. I know, “It’s easier said than done,” yet we really need to do something now in order to survive in the days ahead.
Don’t get lulled into thinking that, if the dollar crashes, we will be free of debt…that is a mistake in thinking. The only ones that will benefit from the dollar crashing is the government. The nation, in essence, will be bankrupt and therefore, free of debt to foreign countries…but we are not free of our debts. Sorry, but that is how the government planned it. That is why the government wants to know where all your money is being kept.
For more information, go to http://StandUpPatriots.com or http://momsandgrandmasunited.com.
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