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Friend Visit…Friend Bring Neat Toy

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My guess is that from the beginning of time, mankind has had a fascination for new things that provide pleasure or provide something useful. Nowadays, that fascination can lead to some big spending of money and that’s partly why we are so deep in debt in the first place. My solution? Try to shield myself as much as possible from new gadgets and doohickeys so the fascination isn’t a problem.

Such is the case with the iPod. I’ve heard of it and saw it on the internet and TV. However, that doesn’t stir the fascination. I’m more of a hands-on, see it in person type. Believe it or not, before my friend’s visit last week, I have never held one in my hands.

He sat his iPod down on the end table and I was very tempted to pick it up. I leaned in for a closer look. My friend saw me and immediately said, “Wanna take a look?” Darn me. I said, “Yes.” It didn’t take long for the drool to start.

As I listened to Amy Lee sing “Lithium,” I could hear her take her first breath to begin singing the song. That’s even there? That’s amazing. I never heard that before when listing to the song through my computer monitor speakers. Then I found his stash of Enya songs. Before I knew it I was closing my eyes and listening to the soothing music.

I wanted one right then and there.

The next day? I searched around to see how much iPods are running. Wait…what was I doing?!? I shouldn’t be looking for a deal on an iPod. It’s something I clearly do not need. Sure, it was nice listening to music and being able to discern the individual instruments. But it is clearly a luxury in our case.

I still thought about that iPod for a few more days. I’m happy to report that a week later, I am no longer thinking about it. The urge has passed, and I didn’t buy one. Had this happened a few years ago and I had some available credit, I probably would have bought one.

To think of it, I’ve been doing quite well with my LCD TV obsession as well. It’s weird. I almost think it feels more gratifying to resist the impulse urges to buy something. I feel like I am accomplishing something by not buying it.

What Happens When the Tooth Fairy is in Debt?

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My little boy is growing up so fast. I noticed him playing with his teeth and I asked him what he was doing.

“My tooth is loose. That means the tooth fairy is going to give me money for my tooth.”

You’d think I’d be prepared for this milestone in my son’s life. Although I noticed some of the kids in his school with missing teeth, it never connected in my mind was it was soon my baby’s time to lose his teeth. Scratch that…he’s not a baby anymore. But sometimes I regress and can’t help but remember when those precious teeth peeked through his gums and the joy that came with it.

Here’s the dilemma. His tooth fairy is in debt and is trying to dig out of it. So how much money should she leave under his pillow?

The majority of people who responded to a poll at BabyCenter.com give their child $1.00 per tooth. Since a child has a total of 20 baby teeth, $1.00 a piece would cost the tooth fairy $20 over 4-6 years. I think for now, that is what the debt-ridden tooth fairy will leave. However, she has something else up her sleeve.

She is going to leave something extra special for that very first tooth. She’s thinking of leaving a savings bond for $25. Since she’s in debt, she thinks it would be a great learning lesson for the little lad to learn about how money can grow. He’ll have the option of redeeming the bond when he loses his last tooth (at around age 10-12).

The tooth fairy could keep that money and put it towards her debt, but she knows the value in helping children to have healthy financial habits when they are older. That $25 will be an investment in that child’s life that will hopefully bring a great return. That thought alone brings a large smile to the tooth fairy’s face.