"There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up."  Proverbs 21:20

Teaching Children About Money

Teaching children the value of money and financial responsibility is one of the most practical and important lessons children can learn.  Our consumption-driven society has never been more fiscally irresponsible.  In 2006, the savings rate was a negative 1 percent!  So on average, people not only spent every dollar they made, but also had to either go into debt or draw on their savings to spend even more.  There hasn’t been a savings rate this low since the Great Depression.  Of course, during the Great Depression, the unemployment rate was at 25% - today it’s less than 5%.  Back then, people were forced to spend more than they earned just to take care of their basic necessities.  Today people don’t think twice about spending money they don’t have just because they feel they “deserve” it.  Our children are surrounded by this out-of-control consumer culture and so the earlier they learn about fiscal responsibility, the better off they will be.  Read Article

Living the Lifestyles of Our Parents

Often times when young people get married or leave home for the first time they experience a feeling of invincibility.  They can’t imagine any challenge or hardship that they won’t be able to overcome and they honestly expect that life is only going to get better from here on out.  This blissful happiness and temporal optimism can continue for many weeks and even months.  However, soon the challenges and responsibilities of a family bring many problems and obstacles that you’ve never had to face before.  A young couple just starting out or even a single person just venturing out on their own can soon find themselves facing many hardships and difficulties, not the least of which is financial debt.  Of course there are many reasons that individuals and especially young married couples get into financial problems, but this article will only be addressing one of the more common mistakes that plague young people in our society today.  That is trying to live the same lifestyle that your parents do, without being able to afford it.  Read Article

Financial Harmony in Marriage

Money has caused headaches for countless people.  Never is that more true than in marriages.  In fact, more marriages collapse over financial problems than for any other reason.  The interesting thing is that very few people divorce their partner because of a lack of money, but rather from disagreements over how to manage the finances that they do have.  Read Article

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