Tuesday, November 29, 2005
Money, Money, Money
It’s odd, first it seems that everyone is concerned about profit margins, then comes January and they speak of consumers debt.
Consumers just seem to be following the example of the government’s mounting debt. (Yes, there is a Dept. of Public Debt. (scary)) Whatever happened to living within one’s means. I can understand things happen, like medical emergencies, that push people into debt. But fiscal responsibility seems to have taken a holiday. Living on one income is impossible for many with today’s costs. Yet it still can be done, if you give it a try. It’s all about choices.
Perhaps a course in high school on personal finance should be offered. Ah yes, life skills. Perhaps our government should sign up for the class. Most of the time, these lessons are for the parents to teach. However, the parents can’t teach what they don’t know.
Media had been training us to have the “gotta have it” mentality, “Buy now, pay later.” What happened to saving up for something? Saving has become a foreign concept. No longer does one have to wait to get the toys. Bills will eventually come due and there is a price to pay.
It’s odd, first it seems that everyone is concerned about profit margins, then comes January and they speak of consumers debt.
Consumers just seem to be following the example of the government’s mounting debt. (Yes, there is a Dept. of Public Debt. (scary)) Whatever happened to living within one’s means. I can understand things happen, like medical emergencies, that push people into debt. But fiscal responsibility seems to have taken a holiday. Living on one income is impossible for many with today’s costs. Yet it still can be done, if you give it a try. It’s all about choices.
Perhaps a course in high school on personal finance should be offered. Ah yes, life skills. Perhaps our government should sign up for the class. Most of the time, these lessons are for the parents to teach. However, the parents can’t teach what they don’t know.
Media had been training us to have the “gotta have it” mentality, “Buy now, pay later.” What happened to saving up for something? Saving has become a foreign concept. No longer does one have to wait to get the toys. Bills will eventually come due and there is a price to pay.
