Living paycheck to paycheck - must be hard wired

Quote from Sandybestdog:

<b>How am I supposed to stop my health insurance from going up 15% a year? Go without it? </b>

Change companies, get a job with health insurance ( starbucks even), marry someone with it, change policies, use a health savings account numerous ways to handle the situation

<b>Where were you over the past 30 years when housing prices have advanced well past the rate of wages?</b>

I have lived in a mansion with 3 Mercedes, and I have lived in a basement junior one bedroom apartment where I had to share a kitchen. its never been because of the economy and its never been easy, its only been cause of my goals, mistakes, wins, losses--purely my doing--no blaming of the economy

<b>People who have perfect credit history are having their credit cards jacked up to 25%. </b>

Don;t use credit==other than for investment purposes

<b>Education costs are rising at more than 7% per year. I can bet you most Americans didn’t get a 7% raise this year.</b>

Go to a cheaper school, or self teach yourself if you cant afford traditional education grants, no interest loans, scholarships

<b>The only thing that doesn’t make sense in this discussion is you. </b>

mo offense man, but the economy has really nothing to do with success or lack thereof
 
Quote from dalodoma:

This country is fucked because of this this kind of mentality...

With health care issue aside they don't need other things you mentioned..

Why the hell do they need to buy a house? They are broke so why not rent,, better yet share apartments to lower the cost of living?

I thought his kids already have jobs,, they don't need to go back to school unless the fields they're in (i.e. Medical/Law) require advance degree,, or until they build up enough savings..

AND THEY DON'T NEED TO HAVE CREDIT CARDS.. IN FACT NO ONE NEEDS CREDIT CARDS
No, this country is fucked up because the middle class is systematically being wiped out. People like you stand by and tell the little guy that he has to rent a house, meanwhile the Fed and corporations pillage the economy for their own benefit.

I suppose according to your thinking, when food prices skyrocket, people should just not eat then, right?
http://www.msnbc.msn.com/id/24127314/from/ET/
 
Quote from Sandybestdog:

No, this country is fucked up because the middle class is systematically being wiped out. People like you stand by and tell the little guy that he has to rent a house, meanwhile the Fed and corporations pillage the economy for their own benefit.

I suppose according to your thinking, when food prices skyrocket, people should just not eat then, right?
http://www.msnbc.msn.com/id/24127314/from/ET/

So now we're talking about food prices? When is the whining gonna stop?

All I'm saying is that there are alternatives and we can make our own choices.. If the goal is to stop living from paycheck to paycheck then something's gotta give..

I totally agree the FED needs to be abolished and the printing press need to stop,, it's a separate issue and it's not gonna be done tomorrow.. but his kids can change their spending habits today..
 
nutmeg, your ideal of parenting is giving a lecture to your (stubborn) teenagers. think about it, since when do teenagers listen to a word anyone says?

kids learn by experience and by example. when we grew up, my parents never talked about money management but somehow we learned about it. we learned by watching them buy inexpensive foods, never eat out, never take lavish vacations, only buying clothes from goodwill or kmart or flea markets.
 
Quote from dozu888:

financial education starts at very young age.... we taught our kids about value and worth - what is worth spending the money, what is not; the difference between spending (gratification now) and saving/investing (delayed, but bigger gratification later); a concept of budget.

so you taught your 4-year old a lesson about saving versus spending, by buying her a $laptop$.. damn, that'll show her!!!

you should've given her option #3: invest in a 5-year CD. jeez do you know how laughable this lesson of yours is?

when she turns 16, i'll bet you'll teach her another lesson by buying her a $30k car instead of a $45k car.
 
I've always said, the biggest problem America faces is excessive television. Television thrives by telling people to buy. Look at statistics and you'll see that Americans watch on average 8 hours of television per day, almost twice what the rest of the world watches.

You have to give your kids a message stronger than the message being fed to them constantly from television or at least point out to them that they've been brainwashed by the media and that they need to resist it.
 
80:20 rule is alive and well.80% people in the country will live their life on welfare or in debt or living paycheck to paycheck,while 20% people has 99.5% wealth,and will carry the load (taxes) of rest of the people.Most people wants instant gratification,they have on concept of future,want to live life today,do not worry about tomarrow.As a nation we are broke,and always remain that way in future,until we learn the concept of saving.
 
Nutmeg, show on paper how to save money. Like this for example. One box of tea bags (big family size tea bag) is $1.50 from the walmart. The box have 24 bags. Only 2 bags to make 1 gallon of iced tea. So one box will make 12 gallon of iced tea for $1.50. So you have iced tea to drink for maybe a month for $1.50. If they go to 7/11 or wawa, one drink is could be $1.00 to $3.00..for one drink for one day. So why give the wawa their money if they have a small income, tell them that for one example.
 
Quote from nutmeg:



Saving is good but kids just don't understand "saving" for an opportunity.

Your kids sound just like my kids. They think money grows on trees.

They think I am a big *ucking tree! :mad:
 
I have 4 kids ages 11,13, 22, and a boy that is 2 weeks away from 18. When it comes to money, sex, drugs, and a lot of other things older teens have a hard time paying attention or carrying what parents say and I assume some of us parents were the same way when we were that age. I use to pay my 17 year old sons car insurance until he ditched his car 3 times and his grades were poor. He also told me about a year ago that sometimes kids have to figure it out for themselves, so I decided after that day to let him figure life out for himself and also face the consequences. He didn't have a car for about 7 months and it didn't seem to bother him as long as he had his cell phone, which I don't pay for. He moved out about 3 months ago, not on good terms but he didn't want to live by my rules which is fine. Now he can face the consquences of life. Some kids will never listen to parents no matter how hard you try. As a parent all you can do is love the kids, do your best to raise them how you think you should and don't be afraid to you use the word NO.
 
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