Wednesday 31 August 2011

How to use money



“Money is a tool,” my husband has always said.  I tell the kids, “don’t use money to buy ‘stuff’ – use it to buy experiences”.


Recently, Collegeboy has taken this to heart.  When we asked if he needed new “stuff’ for his 2nd year at college (bedding, towels, clothes, etc) he said he would like to take used “stuff” back with him and if we could deposit some money into his savings account because he had decided to save for a small trip he’d like to take with his girlfriend – an experience!


Collegedaughter, who is now in her senior year at college, has also taken my advice.  When an opportunity presented itself in an unpaid internship in London this summer, she withdrew all of the money she had saved since she was a little girl and made the very carefully thoughtout choice to use it all for that adventure.  I couldn’t be prouder.


Money is merely a tool. “Stuff” can break, get lost, or stolen.  Experiences last forever.


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