Personal finance icon Dave Ramsey once said, “We buy things we don’t need with money we don’t have to impress people we don’t like.”
If you’re living paycheck to paycheck and you can’t figure out why, take a close look at your spending to see how much of it is based on what you really want and how much of it was to impress others. If you find you’re spending to impress others, it might be time to confront the one person who can turn your situation around yourself. The worse part is that we often do it at the expense of being able to afford what we really want in life whether that’s savings for retirement, the ability to travel the world, or a simple emergency fund to deal with life’s uncertainties.
Infants
Fact 1 These will never get dirty.
Fact 2 These will never touch the floor.
Fact 3 A infant really only needs socks.
Fact 4 How long will these last before baby grows out of.
Fact 5 There is a way better use of 55 dollars plus tax.
Toddler
Fact 1 These might get a little dirty.
Fact 2 These aren't going to last that long before toddler grows out of them.
Fact 3 Your buying these to impress other to think you have it all together.
Fact 4 Do you think the kid really wants these or cares what they have on their feet.
Fact 5 There is plenty that you could do with 70 dollars.
Pre School
Fact 1 Kids want the newest cartoon shoe at this age.
Fact 2 The are going to get dirty.
Fact 3 How long are these going to last before the kid grows out of.
Fact 4 The outfit has to match the shoes it's only right.
Fact 5 That 90 dollars would have went a long way if the parent wasn't trying to keep you with the Jonese.
Kid wants these But parent is like I'm not buy you Batman shoes.
19.99
Big Kids
The Last Ride before Adulthood size shoes and pricing
Fact 1 One hundred seventy dollar plus tax for a child's shoe.
Fact 2 You are teaching poor finical habits to you child.
Fact 3 The kid only wants because you or peers are influencing them to be materialistic.
Fact 4 There will have to be several of outfits that match the shoes.
Fact 5 There will be a new shoe you will need to buy again in 3 month to keep up with the Fake Rich.
Teach your children the difference between needs and wants.
It’s also important to teach our children from a young age the difference between needs and wants as an important part of their character development. You can leave a wonderful legacy of good financial habits and crucial financial knowledge for your children, and part of that knowledge should be a clear understanding of needs versus wants and the fact that we generally cannot have everything that we want, but we can definitely choose to be completely content with the things that we have.
Comments
Post a Comment