Probably not. I paid off my 30yr mortgage in 7 years and was debt free @ 35.No way in hell you could even come close to my level of conservative. Take that to the bank.
I can't top that but my point being we don't live beyond our means or even close to it. That doesn't mean Im going to defend paying $5.50 a gallon Diesel for the better of America because this is nothing but a huge boat anchor to the economy.Probably not. I paid off my 30yr mortgage in 7 years and was debt free @ 35.
I didn't mean for my comments to sound like I was accusing you or your family specifically of not understanding how to live within their means. You said you were concerned for your grand-children and I merely pointed out something a grandpa, ANY grandpa, could easily do, for free without handing grandkiddo $$$ that would be a true help.My two boys have each flipped 3 houses at age 40. they made improvements and finished the basements themselves and made out like fat rats. We are far from lazy , stupid or poor but that doesn't mean we should be OK with $ 5.50 diesel and over $ 4.00 gas just because we can afford it. And by the way, we change our own oil and I have a roll of wijndsheild wiper rubber in my garage that I bought for less than one set of store bought blades . I paid everything off when I retired but does that mean I should be OK if my "bills" have damn near doubled since I retired ?
You are 100% correct , it does work , we sat our kids down and had very strict rules growing up for them and money , any money they received 1/2 was fun money the other 1/2 went into savings account etc. Summer jobs and all . To this day they bring it up and how well that worked . They used it on their kids alsoI didn't mean for my comments to sound like I was accusing you or your family specifically of not understanding how to live within their means. You said you were concerned for your grand-children and I merely pointed out something a grandpa, ANY grandpa, could easily do, for free without handing grandkiddo $$$ that would be a true help.
1. Sitting grandkids down and explaining why it's important and then creating a budget. Of course then the less fun part, but the part that truly matters, following-up occasionally to see if the lessons sunk in and how things are going for them whether they did or didn't adhere to the budget.
2. I pointed out some seeming small "money-suck" expenses where money is EASILY saved that can add up to significant $$$ each week, month, year. "Small Conveniences" being an ENORMOUS contributor to "Where did all my $$$ go?".
My parents, grandparents, and some of my aunts/uncles were all quick to point out: "Save Some" when kids opened B-Day/Christmas, Confirmation, Graduation, etc. presents that contained cash.
Neither you, I, nor likely anyone on NDA has enough $$$ or political clout to change fuel pricing short term. 100%, a person needs to vote their own conscience regarding whom they believe will put the nation on the heading that aligns with their own priorities. That said, I was pointing out a few things a person can do to help others understand and possibly better manage their finances when things aren't going the way they'd prefer.