Comments on: Be Childish With Your Finances

By: tom

tom — Thu, 12 Mar 2009 14:06:59 +0000

@Slackerjo

I think many of us lost the value in paying for something in full cash instead of at the end of the month. And you are right, people do appreciate something they bought which they saved up for.
Same goes for people that make something, they appreciate it more.

I mean was there ever a problem with debt prior to the great depression? probably not.

I was reading some articles on that and they mentioned that the generation of that time never thought of debt, baby boomers were open to it but still would rather not go down that route.

And now look at our generation, credit IS the only option.

By: Slackerjo

Slackerjo — Thu, 12 Mar 2009 13:07:55 +0000

Jace – Totally agree with your post. About 4 years ago, I bought my fancy (to me it’s fancy) 27″ TV with money I saved at my second (part time) job as a dog sitter/walker. It took a year of poo picking up to save the $500 for that TV. People do not understand why I still have a big clunky tube TV that weighs more than me. I worked for that TV and there was a tremendous satisfaction when I paid CASH for the TV and how exciting it was to go from my little 13″ TV to a nice big 27″ TV. Sadly, today, people are not willing to get their hands uh, dirty, to save for something they really want!

By: BeyondBeerMoney

BeyondBeerMoney — Tue, 10 Mar 2009 19:09:11 +0000

The best part of forcing myself to save up for something? Often by the time I had the money to buy whatever thing I felt was so important/cool/whatever, I didn’t want it anymore. Thinking about/imagining buying something was usually more interesting than having the thing anyway.

By: Maureen

Maureen — Tue, 10 Mar 2009 13:05:51 +0000

I think being able to hold the money makes it even more special. Actively putting money into a piggy bank too. Everything is done electronically now so you never actually ‘feel’ money anymore. Every now and again I like to hold on to change just to remind me.

By: Pearl

Pearl — Tue, 10 Mar 2009 10:45:51 +0000

This post actually brings back the memories of those wonderful days. Suddenly life has changed from classroom to cabins, jeans to formals, pocket money to salary and piggy banks to bank accounts!!
As a kid we all were so carefree about the value of time and money. The value of which has now brought a new meaning to your life.
Thanks for taking back to those gone days.

By: Jace

Jace — Mon, 09 Mar 2009 23:19:53 +0000

I used to mow lawns to make the money for the latest and greatest thingamajig. One lawn in particular was always covered in dog poo and I remember thinking that it was just a part of working to get what you want. I think not enough people step in poo anymore, especially kids who get spoiled by their credit card carrying parents and skip that whole life lesson.

By: tom

tom — Mon, 09 Mar 2009 19:12:29 +0000

I think it may be the lack of responsibility, not having bills to worry about therefore you can spend it however you like.

But another big factor is the upbringing too, i know this from personal experience and have struggled financially for years.

I mean i keep telling my friend, if kept listening to my parents i would be driving a brand new 25K car, bought on a loan and paying 500 bucks or more per month for it

By: MyLifeROI

MyLifeROI — Mon, 09 Mar 2009 17:02:19 +0000

I used to collect change from around the house and fill up my piggy bank. After a few weeks I would have upwards of $20.

I thank my dad for explaining bank accounts and co-signing with me so that I would have one from a young age.

I may have been the only 8 year old who would rake leaves and then write a deposit slip for pops to take care of.

Oh to be young again!

By: Trevor @ Financial Nut

Trevor @ Financial Nut — Mon, 09 Mar 2009 15:50:59 +0000

I can completely relate. I remember when I was younger how great it was to have saved up my “allowances” so I could buy a brand new pack of basketball cards. I watched my parents spend money on things that were WAY more expensive, yet they wouldn’t just give me $2.50 to buy a pack of cards.

Oh how times have changed…

By: Jeff@StretchyDollar

Jeff@StretchyDollar — Mon, 09 Mar 2009 13:58:18 +0000

This post takes me back… I remember working at Subway and knowing that every hour brought me closer to that new (whatever) that I wanted. Haha – good tips.