article thumbnail

Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. We could take on debt to grow using other people’s money. To learn to live within your means is one of our primary family money values.

Money 124
article thumbnail

What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Forty-one percent of adults in the United States gave themselves a grade of C, D, or F on their knowledge of personal finance (according to the 2011 Consumer Financial Literacy Survey Final Report of the National Foundation for Credit Counseling). According to the resolution: Twenty-five.6 Your children know that you are saving money.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Managing your finances gets a lot more complex and time consuming. You don’t have to contend with deciding which bill to pay or how to avoid a debt collector’s call or trying to keep the landlord off your back. , but rather for the satisfaction of making a positive contribution with my time and effort.

Money 247
article thumbnail

Is the Building of Experiences and Memories Worth the Cost?

Prairie Eco-Thrifter

I found pleasure in thinking about giving our children and grandchildren the opportunity to see part of the world they might not otherwise see. We could well afford the cost with no foreseeable problem with our own finances now or at any time in the future. One son is trying to rebuild finances after an expensive year.

Building 100
article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

’ While there is some macro economic sense in consumer spending causing an impact on the country’s growth, it doesn’t necessarily play well at the individual consumer finance level. My grandchildren’s other set of grandparents are just one example. Even today, many are still unemployed or underemployed.