Comments on: Are You a Financial Decision Maker? #MoneyMami

By: Dorothy in Oz

Dorothy in Oz — Fri, 12 Apr 2013 15:15:00 +0000

I don’t have kids except for the couple I’m putting through school in Ghana. My parents set a fantastic example for us (although admittedly, as a kid I thought they were just being cheap when in reality, they were really struggling). It helps that I don’t care much for “stuff” (clothes, shoes, new cars…stuff). Having lived with virtually nothing for 2+ years in Africa really puts things in perspective and teaches the true meanings of Want and Need. I agree with Laurie about generosity.

By: Laurie Matherne

Laurie Matherne — Thu, 11 Apr 2013 21:18:00 +0000

I don’t have kids save for the odd 100 or so that I am leading in Honduras. I think I learned financial responsibilty by example from my parents. I also learned the value of generosity. I think generosity is an overlooked component in doing well financially. When we have a spirit of fear about money and we can’t let go, then it’s hard to be wise with money.

By: lisleman

lisleman — Thu, 11 Apr 2013 20:53:00 +0000

We tried to teach our kids about money, spending, credit cards but a few seemed to learn the hard way. I don’t think it has anything to do with ethnicity. Basic money lessons such as interest on loans and compound interest on savings should be understood by everyone.

The big lesson to learn is delayed gratification. Add that to your skills and you will do better.

Remember shop responsibly!

By: ::xishell::

::xishell:: — Thu, 11 Apr 2013 19:26:00 +0000

I’m going to take the survey right now! Although we discuss our finances, I’m the one that manages it. I have to give a lot of credit to my mom, she manages my parents’ finances and she is really good about paying off debt (or not incurring it in the first place), saving, and being responsible. She is great at finding deals. I need to get better at coupons, sales, etc.