This is the first thing I teach my children about money.
If you haven't got the cash, don't make the splash!
Don't spend what you don't have, won't make, can't afford, won't save.
There are bright, shining objects pushed in our faces, all the time. It can be hard for people not to want that stuff. It looks so good on TV, all pristine and new and undamaged. And look what it does! It looks so helpful... surely I NEED that item...
Eventually everything will become used and damaged or broken. It is worth the expense?
Many of the younger generation are struggling to manage their finances effectively. They're taking out personal loans with 'bankruptcy' interest rates, they're juggling credit cards, borrowing money left, right and center. Buying big ticket items they simply don't need, won't enjoy and will cause them misery in the long run.
Straight up I teach my children don't get it if you don't need it. There is a difference between want and need, be clever, be smart, know the difference etc.
Many of the younger generation are struggling to manage their finances effectively. They're taking out personal loans with 'bankruptcy' interest rates, they're juggling credit cards, borrowing money left, right and center. Buying big ticket items they simply don't need, won't enjoy and will cause them misery in the long run.
Straight up I teach my children don't get it if you don't need it. There is a difference between want and need, be clever, be smart, know the difference etc.
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