October 24, 2011 at 7:21 pm
Please read the article in “TIME” magazine, October 31,2011 on page 40 about College student debt. Student debt is on track to top $1 trillion dollars this year!, which exceeded credit-card debt for the first time last year. The average student loan debt for the graduating class of 2011 is
$ 27,300.00, this is not taking into account what parents have taken in loans for their children. Lets start saving for college at an early age, or even as soon as your babies are born on a monthly basis, even in small amounts will add up over the years and help our children so they aren’t walking out of college with a beautiful diploma and a large amount of debt. LETS START SAVING NOW AND MAKE A DIFFERENCE LATER…..
January 14, 2012 at 2:54 pm
Trick my 15 yr. old is currently using is not to spend his change. If something costs $4.59, he gets back .41 cents and it goes directly into a jar on his dresser. Easy way to start saving little bits at an early age and the habit of not spending change is a good one that will last a lifetime.
March 30, 2012 at 2:44 pm
Wow, that rule & your story is awesome. Saving up money is a skill i must soon learn to master !
I hope you continue to live through your fathers rule 🙂
March 30, 2012 at 3:07 pm
Thanks, it was not easy to live by but, it really helped me out in the long run. I still have my son save half but, I have found the five dollar bill saving compliments my lifestyle now. (that is a separate blog post) It is hard to save five’s in the beginning but, now it is second nature. We started out with singles & my DH & I are now on to fives. You can’t believe how fast they add up!
March 30, 2012 at 8:07 pm
yeah I can just imagine how quick it all adds up. Saving half will definitely not fit my lifestyle .. I like that new $5 rule =)
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