Sunday, June 26, 2011

Personal Finance Specialist - Dara Duguay

Here's a little video I found with some good tips on loans, credit card debt, and budgeting




I think that she's got some good common sense ideas about personal finance. What she said about learning finance from the school of hard knocks hits our problems right on the head. Most Americans don't learn how to manage their money in the proper arenas. I believe that we should be teaching kids about money at an early age, especially at home. Parents have every opportunity to discuss finances and budgeting with their kids, but often times they don't.

5 comments:

  1. Funny that it's pretty much the opposite with me and my folks for thriftiness

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  4. I agree completely! I often felt embarrassed over the fact that we have always (out of neccesity--because couldn't afford to pay them an allowance very long) told our kids, "If you want something, you need to earn it". And they have always believed that...and risen to the challenge. At age 15 (Eli) and 13 (Madi, they already had regular (ongoing) jobs, checking and savings accounts, budgets and bills to keep track of. Now at ages 17 & 15 they are expected to pay for thier cell phones, car, gas, insurance, clothes, pet care, activities, gifts, offerings, pretty much everything except food and shelter. We just showed them a system that works for us and duplicated it for them. I know that this has helped them to be far more ready for the realities of adult life and responsibilities. But most of their friends are not there yet.

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  5. Great share! I hope more people discover your blog because you really know what you're talking about. Can't wait to read more from you!

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