Dear Dave,
My husband and I began your plan just a few months ago. We love the means of living on a budget and the way it has helped us gain control of our funds. Our children are actually 14 and 13. Do you’re thinking that it’s an excellent idea to incorporate teenagers in budget meetings and financial discussions?
Paula
Dear Paula,
That’s an important query! As long as you are not in an extreme situation like a foreclosure or bankruptcy, otherwise you’re on the opposite end of the spectrum and sitting on a pile of wealth, I feel this is an excellent idea. Teaching kids about money with a standard, regular monthly budget is one thing. But as a parent, you do not need to place your kids in situations for which they will not be emotionally equipped.
As long as mom and pa are discussing and making decisions—and never arguing—it’s good for youths to listen to the give and take in terms of money management. Parents who never let their children handle money and never teach them proper money management techniques run the chance of manufacturing financially irresponsible adults. And that is not good for anyone.
But a typical, normal budget shows you ways much money is coming in and the way much things cost. You can see exactly how much groceries or electricity bills cost on paper. Then, when it’s right in front of their eyes, they realize why mom and pa at all times tell them to not waste food and to show off the lights once they leave a room!
–Dave
——————–
Dear Dave,
I’m currently serving within the military and I’m unsure I like life or what I do as much as I did just a few years ago. Recently I used to be approached with some exciting opportunities outside of the military in one other field. I’m unsure what to do. Do you’re thinking that I should plan to reap the benefits of these recent opportunities or should I stay within the military and receive full advantages once I can retire in ten years?
William
Dear Wilhelm,
There are individuals who absolutely love the military. For some those who means an important profession, and I feel that is great. God bless them – and also you – for serving your country in this fashion. But whether you are within the military or civilian, I feel you must do what you’re keen on to do.
If you were just just a few months away from retirement, I might probably inform you to carry on and persevere. This way, it would not take too long before you may explore the brand new opportunities and get a pleasant pension. But 10 years is a protracted time to do something in case your heart is not in it.
Long story short? If you prefer it, stay. If not, disappear. Service within the armed forces is voluntary and somewhat just like other professions. Regardless of hanging around in a job that makes you miserable for a decade just to gather advantages? That’s not an excellent plan.
–Dave