Why is it so hard to manage money and hold on to it? How can we save more and spend less? It has become an issue to make and save money.
The world is geared in such a way that it’s difficult to hold on to our money…
Everyone is after money – our money, their money, everybody’s money – because of greed and because they never have enough. They spend years in higher education, in colleges and universities, to master the art of finding ways to get our money with such ease. They have become experts in their field and their field is to find more ways for our money to escape from our wallets faster and faster.
The funny thing is, there is a collaboration between the financial institutions and the commercial world to create more wants than needs. People, in general, are innocent and ordinary. The majority work hard to try to have a life without paying too much attention to the details… and that is when it happens…
I remember when banks were not so greedy. They made it easy and a pleasure to bank with them. Now it’s all about them making more and more billions in profits every year. They charge for every little detail, and we are not done yet, because they have their geniuses looking for ways to get every hard-earned dollar from our bank accounts into theirs-the latest being that, with every transaction at the teller, if you want a receipt, there is a charge of one dollar.
The government raises taxes, and if you don’t have a good accountant, you are doomed. There is a well-organized plan to find ways for our money to fly into someone else’s nest. Therefore, people will never get out of debt unless they get smart, spend less, and save more. As the saying goes, “A penny saved is a penny earned.”
How about our young ones? Do you think there is more we can do to educate them about money matters, to help them manage their resources, money, time, and so on? I don’t think we do enough to prepare our young people for life and its money challenges!
We teach them history, the arts, geography, economics, and so on. Please, don’t get me wrong, these subjects are important, but I feel it’s more important to teach them practical and smart ways to deal with their personal finances, starting from when they’re young and into their teen years.
It would make such a huge difference in their lives. It would determine how successful they are going to be… or not.
But here is the question: Who is responsible for this task-the school system or the parents? Why do we as parents depend on others, such as schools, to ready our children for life? Isn’t it our duty to make this happen?
Here is my opinion: Parents care more for their children than anyone else does; therefore, they are responsible for teaching their children about personal finances if the school doesn’t do it. Remember, economics is not the same as personal finance. We have to teach young people to spend less than what they make, a lesson that can prove to be as valuable as gold if it’s put into action! It’s a very simple lesson but a very important one.
I wish I knew more about money management. I wish someone had told me early in life about money and how very important it is to save more and spend less… to pay myself first and then spend the rest with no guilt. Life will never be without its bills and expenses. It is what it is, and nothing is free… well, I’m trying to think what things are free-not too many! The air we breathe is still free, but I don’t know for how much longer!
Money matters. Let us be wise about it so we can have it in times of need!