Tuesday, August 18, 2009
Money or a lack thereof
This was a hard month financially. We had to buy all new tires at the beginning of the month and just replaced the alternator today. That was two major vehicle expenses not in the budget. I had to nearly wipe out my savings. A year ago, I would have had to charge the tires and the alternator. I didn't have a savings then. A year ago, I would have been upset knowing I didn't have the money for it. Thanks to Dave Ramsey and the financial peace university, I had a savings and no credit cards. There was only one way for me to pay for it so I did. My savings is nearly gone, but I have no debt from the repairs. What a better way to teach my kids than by example. They saw us not be worried. They saw us pull the money from savings and then pay for the repair up front. I'm not saying I'm not at all bothered by it. I am. It's a lot of money. I am just glad the money was there. Of course now I have to build my savings back up. It will take a few months so I pray nothing happens in the mean time. If you struggle at all with debt or financial problems, or if you simply want to obtain financial independence, I strongly recommend the Financial Peace University from Dave Ramsey. It is simple, but it works. Find it at www.daveramsey.com. Now that I have made my commercial pitch for a product I have used, but don't sell, I'll get back to the issue at hand. Regardless of the method you use, please, please, please teach your children about money. Don't make them learn the hard way. It really makes a difference in their lives and in yours.