Question: In your opinion, is it more important for a young person to first get established buying a house, good car, etc., then concentrate on saving more money later, or should I save what little I can now and risk prices going up?
Answer: In most financial matters, it’s a good idea to ask yourself, “What is the most valuable thing at stake here?” And, “Are there opportunities which I may miss, and which will not come around again?”
Young adults from all economic backgrounds have been living with the realities of a challenging economy, limited job offers, and increased living expenses. If your children are among those going through a lean period in their career or personal lives, the first step to helping them get back on their feet is to have a positive, productive conversation about money and how to manage it.
Castor oil time, during the dismal days when you were so genuinely sick that you were unable to work (or, worse yet, even play). Now, Mama was a firm advocate of that ole castor oil treatment. She honestly believed it would cure everything from hiccups to whooping cough, if she could only coax us to swallow the horrible mess.