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If You Wait Until You Can Afford One – You’ll Never Have One


That title was a piece of advice I received some 6 years ago. I wanted a child, but I felt that things would be too difficult with my husband still in college and we both were working near minimum wage jobs.

While at work at the grocery store, I was asked by a co-worker why I don’t have any kids yet (I had been married for a few years at this point). I just replied that I don’t have enough money to have a baby just yet. She just said, “If you wait until you can afford one – you’ll never have one.”

You know what? She was right and it made perfect sense to me. Much of our lives are spent getting to some point that we feel we are financially secure (and that point varies by person). There comes a point where you have to remember to live life at the present and not just live life for the future. After all, none of us really knows how long we will be here on this earth. Might as well make the best of the time we have here.

It probably wasn’t but a few months after that before I became pregnant. Although I was scared out of my mind on how we would afford diapers, formula, etc. – it all went away when I held my son for the first time. Do I regret not waiting until we had better jobs? No way.

No amount of money could ever compare to the first time your child gazes into your eyes.

And if you are wondering – I think it is nearing the right time to try to add another member to our family. My clock is ticking πŸ™‚

Why My Son Will Not Have His College Education Paid in Full


This has been sort of a hot topic, so I am going to share my thoughts on it from my experience.

I was fortunate enough to be at the top of my graduating class and as a result I received a full tuition scholarship to a great college. My parents were generous enough to pay for my room and board. So here I was going to college and didn’t have to worry about anything except for some discretionary spending money.

It didn’t take me long to start screwing everything up.

Drinking, drugs, partying Γ’β‚¬β€œ you name it I probably was doing it. It’s an area of my life that I am not particularly proud of because I basically lost some valuable months of my life. I am also lucky that I didn’t die or have something horrible happen to me because I was just asking for it by my actions.

I probably don’t have to say it, but my grades were horrible. A 1.9 GPA my first quarter and a 0.75 GPA my second quarter. I was on “academic probation.” Then I received a letter stating that one more time on probation and I would lose my scholarship and be kicked out of college. At the same time, my mom and dad couldn’t afford to pay more room & board (unrelated to my grades because I tried to keep that hidden from them). Everything I was relying on to be able to party and have fun was being taken away from me.

Long story short – I did end up getting my act together and I didn’t get kicked out of school. I don’t want to make it sound like every kid that gets his or her college education paid in full is going to screw things up. My point is that with my experience – I took advantage of the situation and didn’t appreciate what I had in front of me. I wasn’t paying my way so it didn’t mean as much.

I want the best for my son when he’s old enough to go to college (if he wants to). I think a valuable life lesson is learned when you contribute to something that you want to do instead of having it given to you. It means more and you value it more. I want my son to have a good life, but he has to want it and be willing to work hard for it.

Mom and Dad will definitely help, but he will need to do his part with paying for college. I think he will be an overall better person for having to do so.

Post included in the Carnival of Debt Reduction #47 at Blueprint for Financial Prosperity

My Son is Already Obscessed with Money


My son seems to have an attachment issue with money and he is only 4. I’ve mentioned him once before here.

He’s been obscessed lately finding spare change around the house and raided my computer desk. He found a dime and a penny and claimed it as his money.

He received a gift in the mail from Grandma and Grandpa. It was a wallet complete with ten $1 bills. He was overjoyed after seeing the money and quickly was bragging that he had “more money.”

I told him while he was sleeping, I was going to take my money back.

He said he was going to sleep with his new wallet.

It’s already begun – the money obscession πŸ™‚

Technorati Tag: money

Teaching Personal Finance in Schools


When I went to high school, there were no classes offered on personal finance. There wasn’t even a class that touched on the subject. But I sure wish there was!

I think schools now-a-days are too concerned about “book smarts” and less concerned about “street smarts”. You know, tools on how to live your life. I think back and feel it would have been much more beneficial to my present day life if we had discussions about how to handle your money.

I’m not placing blame on my high school for my debt. I will honestly admit that I got myself into it. But it would be nice to see a shift to some coursework that will help you live your life once you leave high school. I think that would do wonders once for teens once they hit the “real” world.

Technorati Tags: debt, personal+finance

Now Who Is Going To Make the Money?


I thought this was cute, and I had to share.

I am a work-at-home-mom (WAHM). My job does entail working normal business hours, so my husband is responsible for the child care when I am working.

My son comes in my office and tells me “Momma no work no more. Me make the money!”

The way he said it almost convinced me. When I am older, I would welcome him making the money for me πŸ™‚

Technorati Tags: work+at+home, wahm