Managing Money
If I could leave any single lesson with my children it would be that life is not about them. God comes first. If I could leave them with a second lesson it would be about MANAGING MONEY . Yahoo Finance has five good rules on handling finances. Even though the article is aimed at recent graduates, the lessons apply to everyone. Here's the summary. 1. Money doesn't grow on trees. Most people never learn to manage money. That's a critical skill. 2. Live within your means. If you can't afford it, skip it. 3. Pay off student loans. Debt is bad. 4. Stay away from retirement cash. At least put as much into retirement as your employer will match. If they don't do a matching funds, put some in an IRA and leave it alone. 5. Be wise with credit cards. Debt is bad. I think that's a bit complicated. Financial security can be summed up much simpler, as I did previously in my post Finances and You : Spend Less than you Make . The problem is...