People don't budget much anymore, probably because they aren't taught properly to do so. I myself suffered as a young adult because I saw extra money as spending money.
I actually am in the middle of writing a series, which includes this exact topic.
http://mattforte.hubpages.com/hub/Creat … Your-Money
It definitely is a good idea, especially in these economic times!
Teaching kids to budget and keep a record of their spendings may sound too complicated to do, but it really is necessary. It would teach them about cutting out unnecessary spending, and give them healthy saving habits.
You could get them a small notebook, and tell them that they should record every time they spend money (even if it's on something small like candy) in the book. If they get allowances or have a small job, tell them to work out how much money they get per week, how much they normally spend, and what is left over. You could then teach them how to cut out the unnecessary spending, and that the money that they save can be used for something really big, like something they really want, or for a future trip/event, or even college.
by And Drewson 7 years ago
Considering that people can get credit cards so young and that college tuition is going up about 20% per year, I think that young people are starting off handicapped.What do you think?How do you try to pass along good spending/saving/investing habits?
by Ralph Deeds 5 years ago
Paul Krugman:" Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds...
by Barefootfae 5 years ago
http://www.cnbc.com/id/100584821The Senate has produced and passed a budget. Of course it's mostly all tax increase and does nothing.....repeat nothing....about the deficit ten years down the road.But there it is. I guess we are all supposed to shut up about a budget now right?
by Steven Dison 5 years ago
Should there be more cuts to budget in the short term, even with the threat of austerity looming?
by GA Anderson 6 years ago
How do you teach young kids the value of money early, so they know it doesn't grow on trees?
by Daisy Rivera 3 years ago
Is Setting Up A Budget Plan Worth Your Time?
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