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HWA

Joined: 01/05/2001 Posts: 5542
Likes: 1601


Personal Finance would definitely help, but..........


Even when people understand the "math" of Personal Finance, they're still overcome by emotions, wants, instant gratification, etc. As somebody said, we've been brain-washed into a consumer society.

SO wants a $2k purse.

Me: "Oh? Why don't you start a Roth IRA? Max the account for 2018 -- and then, if you still want, buy the purse as a reward? Maybe a Christmas gift to yourself?"

SO: "But I want the purse now! I've been waiting for months!"

(yes, months -- at least two or three of them!)

Doesn't own a home, doesn't have significant 401k/Roth/retirement, and college is coming in 3-4 years (she has a teenager) -- but by all means, spend $2k on a bag.

(In response to this post by EDGEMAN)

Posted: 05/16/2018 at 11:56AM



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Current Thread:
 
  
Savings and Millenials -- HokieForever 05/16/2018 08:57AM
  That's really hard for millenials, IMO. -- Chris Coleman  05/16/2018 1:14PM
  Are you hiring?! ** -- 81_Hokie 05/16/2018 9:22PM
  Always, in aerospace ** -- WestyHokie 05/16/2018 11:41PM
  Wow, that's fantastic! -- EDGEMAN 05/16/2018 1:09PM
  Here's where it gets really Alice in Wonderland -- WestyHokie 05/16/2018 3:25PM
  Ah, "White Rabbit" by Jefferson Airplane. :-) ** -- Atlee Hokie 05/17/2018 07:39AM
  And you're right, gotta do the math first ** -- `lag 05/16/2018 11:20AM
  I'm technically a millenial. -- hokiehunter07 05/16/2018 10:50AM
  National Debt Clock - Tick Tock Tick Tock -- FrederickHokie 05/16/2018 10:18AM
  At 40T? more tax cuts to balance the budget ** -- 81_Hokie 05/16/2018 12:21PM
  Blame the Star Wars Legos ** -- OXVT 05/16/2018 09:17AM
  LOL, those are an investment -- HokieForever 05/16/2018 09:18AM
  Now their worth 2K :-) -- HokieForever 05/16/2018 09:23AM
  True ... -- OXVT 05/16/2018 09:29AM
  Is he gonna get a hottub with a 60 inch TV? ** -- bigbadbird 05/16/2018 09:32AM
  Probably not. ** -- TomTurkey 05/16/2018 09:50AM
  Disagree on the housing bubble -- HokieForever 05/16/2018 09:13AM
  That is fair but if you look at the percentages -- HokieForever 05/16/2018 09:21AM
  Yep. And it is after 2034 that concerns me ... -- vt90 05/16/2018 09:57AM
  Agry. I have similar fears as well -- Burke Hokie 05/16/2018 11:15AM
  I have the same thoughts ... -- vt90 05/16/2018 11:20AM
  All fair points... -- HokieForever 05/16/2018 09:38AM

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