@Financial Samurai - The young adult's behavior would definitely be a direct response to the parents not teaching them independence, but at some point the adult needs to take responsibility for themselves. A person who is 65 can't blame their parents for their lack of financial education at that point. They've had a lifetime of experience to draw from.
@Money Reasons, if more parents's were upfront with their kids about personal finance, there would be fewer "inpatient" scenarios, and less people stuggling with their own personal finance. Thanks for sharing what you are teaching your kids.
D. I agree that with the current recession, some young adults have had to return to their parents' home, with the intention of eventually getting back on their own two feet. However, in true economic inpatient situations, the young adult never leaves the parents house and becomes completely dependent upon the parents for economic support. I've seen a couple of severe cases where the adult chooses to take advantage of the parents and the parents just don't know what to say or do. This is where these tips might come in handy. Thanks for the comment.
We keep most everything around here on power strips, even the microwave. The stovetop is turned off at the breaker until needed (why have all those clocks in the kitchen staring at you everyday), plus the trek to the fusebox each time I want to use the oven is great added exercise.
I have line-dried my clothes for the past year and although it was originally for saving energy purposes my clothing is actually looking and holding up better than it ever has in the past. There is a lot to be said for ditching the dryer (though we do throw towels in because we can't get rid of the 'scratchy' feeling line drying gives them).
While we haven't made the lightbulb switch as yet (can't stand the lighting given off by those bulbs) we do however keep lights off most of the time. I burn a lot of candles around here too.
I have to tell you, my energy bill has taken a nosedive ever since I got serious and started paying attention to all the wasted energy around here.
um...this is more like how to make yourself neurotic in 20 minutes. don't start with this cycle of medicative graphomania if you're not equipped to handle the addiction.
love,
a fellow planning addict
who has been writing for 20 minutes
for 7 years
no changes yet
Pledge works perfectly everytime, I just used it on a cd that wouldnt go past song 2 and it looked like someone rubbed it on the asphalt. Works all the way through now...
Actually, our phone company (AT&T) offers DSL without having a landline. The DSL service costs about $10 extra, but our landline is costing us $35, so I still think we'd come out ahead. We're just having a hard time getting rid of it because of the 911 consideration.
I reuse plastic sandwich bags over and over and over again.
I wear my shoes and clothes til they are worn out.
I love and use the library.
I always check the grocery flyers online and plan my shopping route based on the cheapest eats.
My idea of a good time is doing something that is free. (e.g., beach, reading at home, making a home cook meal and enjoying a bottle of wine.)
I reuse plastic sandwich bags over and over and over again.
I wear my shoes and clothes til they are worn out.
I love and use the library.
I always check the grocery flyers online and plan my shopping route based on the cheapest eats.
My idea of a good time is doing something that is free. (e.g., beach, reading at home, making a home cook meal and enjoying a bottle of wine.)
I think in extreme cases of adult child dependency, the best thing a parent can do is be firm and set limits and explain to their children what is and isn't acceptable. However, if a child is out there working and going to school, living frugally and doing their best to make it they may on occasion need help and parents should readily offer it if it means the difference between their child being on the street or having their own place. Another situation that doesn't help adult child dependency is the recession. In normal times, I think this information would be more relevant but right now a lot of people are coming back home -- even responsible people who don't want to. My bf and I lived independently with no parental help whatsoever for over one year. (We're in our young 20s) Eventually, as our income kept declining and our expenses kept increasing (as what happens to all individuals who venture out on their own) we were unable to afford to house ourselves. I lived with my parents for 3 months while freelancing and working side jobs (as there were no "real" jobs in the area). We moved to NY and lived with his father until we could both obtain suitable employment. We are happily on our own again but if it was not for our parents, we'd be on the street and stuck in FL. Sometimes parental help is necessary and in our case, we didn't abuse it. We stuck to a budget and we had experience from living independently before so we were able to do what we needed to. I think parents need to develop the discernment to recognize when their kid is really trying to be responsible and independent and when they are not.
I'm gonna have to put the blame SOLELY on the parents. Kids can't help but be leeches if parents let them. If the kid was taught right by the parents, worked their butts off, they wouldn't have to depend on parents in the first place!
can salvage a whole stale bread loaf (those artisan ones that can be rock hard after one to several days) by rinsing the whole thing under the faucet and sticking it into a toaster oven. love my toaster oven, for sure!!
Great writeup on this potential problem of young adults that never become financially responsible and stay at home.
I've read "The Millionaire Next Door" a few times and it's great. After readying that "Economic Outpatient Care" segment, I was determined to do two things with my kids:
1.) Teach them finances and investing (even if it's not politically correct sometimes ex.) "Yes Johnny, that man is poor"). When my son was 9 (he's now 10), he knew what a stock, bond, dividend, passive income, expenses and taxes meant.
2.) Work with my kids to setup a financial plan or system. That way they don't have to go through the mistakes others have made. Plus with their financial education, they'll be that much further ahead of the pack.
Swoopo is more of a gaming site where you throw your money at something in hopes of winning. you have no chance of winning something cheaply unless you happen to stumble on an auction that no one is watching or cares about. Since Swoopo can restrict the number of auctions, and the auctions are available internationally, the chance of that happening is slim to none. Therefore, throw a few bucks at it in hopes of winning the jackpot, but don't waste a lot of money (or time) on it.
Ok well I have always used the credit option simply because I like to keep money in my debit account for when I need the cash. But this debocle seems like you are just choosing between giving the store more percent of the transaction or your bank. If I had to choose one I would probably choose my bank aka the credit option, because they run my finances, not the store! I feel a little more cautious when it comes to my debit account because I have to give my pin number which could allow for some sort of theft or hacking. Better safe than sorry!
I have had a Netspend account for 10 years. Never ever had a problem with the company. I think you should just chill. I get invitations from credit cards all the time, so how is this different?
Here’s another way to go paperless: keep all your documents digital and online. The main thing I think that is the hinderance to that is the dilemma of getting signatures on a document. However, with electronic signatures now approved as legally binding, a simple switch to electronic signature software can save you a lot of time, money and hassle by eliminating the need for paper documents.
I use eSign Online by http://www.gopaperless.com and I keep all my documents in their online vault which is accessible from any computer as long as I have internet connection.
It has completely streamlined my business management and I am no longer messing with little pieces of paper everywhere or rushing to get to kinkos before closing. I simply click, sign, email, upload & DONE! Check it out yourself at http://www.gopaperless.com/EsignOnline.aspx
Good luck going paperless!
I have always been a cheapskate, love getting freebies and quality coupons. Borrowing movies from the library and buys 2nd hand clothes on ebay and at yard sales. My saying is, when you spend less money on the things you need then you have more money to spend on the things you want
Gotta love your creativity, but sticking smelly dryer sheets into the small crevices of my life so I can be assaulted by artificial fragrances 24/7 sounds like a nightmare. It's time to examine why people can't just BE with the idea of life without chemical overload.
There is no doubt that employers often push employees to work excessive hours in addition to other ridiculous demands. But I think in the current economy many folks should be happy that they have jobs. This is more than many people can say.
@Financial Samurai - The young adult's behavior would definitely be a direct response to the parents not teaching them independence, but at some point the adult needs to take responsibility for themselves. A person who is 65 can't blame their parents for their lack of financial education at that point. They've had a lifetime of experience to draw from.
@Money Reasons, if more parents's were upfront with their kids about personal finance, there would be fewer "inpatient" scenarios, and less people stuggling with their own personal finance. Thanks for sharing what you are teaching your kids.
D. I agree that with the current recession, some young adults have had to return to their parents' home, with the intention of eventually getting back on their own two feet. However, in true economic inpatient situations, the young adult never leaves the parents house and becomes completely dependent upon the parents for economic support. I've seen a couple of severe cases where the adult chooses to take advantage of the parents and the parents just don't know what to say or do. This is where these tips might come in handy. Thanks for the comment.
We keep most everything around here on power strips, even the microwave. The stovetop is turned off at the breaker until needed (why have all those clocks in the kitchen staring at you everyday), plus the trek to the fusebox each time I want to use the oven is great added exercise.
I have line-dried my clothes for the past year and although it was originally for saving energy purposes my clothing is actually looking and holding up better than it ever has in the past. There is a lot to be said for ditching the dryer (though we do throw towels in because we can't get rid of the 'scratchy' feeling line drying gives them).
While we haven't made the lightbulb switch as yet (can't stand the lighting given off by those bulbs) we do however keep lights off most of the time. I burn a lot of candles around here too.
I have to tell you, my energy bill has taken a nosedive ever since I got serious and started paying attention to all the wasted energy around here.
um...this is more like how to make yourself neurotic in 20 minutes. don't start with this cycle of medicative graphomania if you're not equipped to handle the addiction.
love,
a fellow planning addict
who has been writing for 20 minutes
for 7 years
no changes yet
Pledge works perfectly everytime, I just used it on a cd that wouldnt go past song 2 and it looked like someone rubbed it on the asphalt. Works all the way through now...
Actually, our phone company (AT&T) offers DSL without having a landline. The DSL service costs about $10 extra, but our landline is costing us $35, so I still think we'd come out ahead. We're just having a hard time getting rid of it because of the 911 consideration.
Wow. Incredibly insensitive.
I reuse plastic sandwich bags over and over and over again.
I wear my shoes and clothes til they are worn out.
I love and use the library.
I always check the grocery flyers online and plan my shopping route based on the cheapest eats.
My idea of a good time is doing something that is free. (e.g., beach, reading at home, making a home cook meal and enjoying a bottle of wine.)
I reuse plastic sandwich bags over and over and over again.
I wear my shoes and clothes til they are worn out.
I love and use the library.
I always check the grocery flyers online and plan my shopping route based on the cheapest eats.
My idea of a good time is doing something that is free. (e.g., beach, reading at home, making a home cook meal and enjoying a bottle of wine.)
I think in extreme cases of adult child dependency, the best thing a parent can do is be firm and set limits and explain to their children what is and isn't acceptable. However, if a child is out there working and going to school, living frugally and doing their best to make it they may on occasion need help and parents should readily offer it if it means the difference between their child being on the street or having their own place. Another situation that doesn't help adult child dependency is the recession. In normal times, I think this information would be more relevant but right now a lot of people are coming back home -- even responsible people who don't want to. My bf and I lived independently with no parental help whatsoever for over one year. (We're in our young 20s) Eventually, as our income kept declining and our expenses kept increasing (as what happens to all individuals who venture out on their own) we were unable to afford to house ourselves. I lived with my parents for 3 months while freelancing and working side jobs (as there were no "real" jobs in the area). We moved to NY and lived with his father until we could both obtain suitable employment. We are happily on our own again but if it was not for our parents, we'd be on the street and stuck in FL. Sometimes parental help is necessary and in our case, we didn't abuse it. We stuck to a budget and we had experience from living independently before so we were able to do what we needed to. I think parents need to develop the discernment to recognize when their kid is really trying to be responsible and independent and when they are not.
I'm gonna have to put the blame SOLELY on the parents. Kids can't help but be leeches if parents let them. If the kid was taught right by the parents, worked their butts off, they wouldn't have to depend on parents in the first place!
stale bread can also be turned into bread pudding, probably how it was invented anyway.
or french toast.
here is a brazilian version:
http://www.chow.com/recipes/10859-rabanada-brazilian-style-french-toast
can salvage a whole stale bread loaf (those artisan ones that can be rock hard after one to several days) by rinsing the whole thing under the faucet and sticking it into a toaster oven. love my toaster oven, for sure!!
Great writeup on this potential problem of young adults that never become financially responsible and stay at home.
I've read "The Millionaire Next Door" a few times and it's great. After readying that "Economic Outpatient Care" segment, I was determined to do two things with my kids:
1.) Teach them finances and investing (even if it's not politically correct sometimes ex.) "Yes Johnny, that man is poor"). When my son was 9 (he's now 10), he knew what a stock, bond, dividend, passive income, expenses and taxes meant.
2.) Work with my kids to setup a financial plan or system. That way they don't have to go through the mistakes others have made. Plus with their financial education, they'll be that much further ahead of the pack.
Swoopo is more of a gaming site where you throw your money at something in hopes of winning. you have no chance of winning something cheaply unless you happen to stumble on an auction that no one is watching or cares about. Since Swoopo can restrict the number of auctions, and the auctions are available internationally, the chance of that happening is slim to none. Therefore, throw a few bucks at it in hopes of winning the jackpot, but don't waste a lot of money (or time) on it.
Ok well I have always used the credit option simply because I like to keep money in my debit account for when I need the cash. But this debocle seems like you are just choosing between giving the store more percent of the transaction or your bank. If I had to choose one I would probably choose my bank aka the credit option, because they run my finances, not the store! I feel a little more cautious when it comes to my debit account because I have to give my pin number which could allow for some sort of theft or hacking. Better safe than sorry!
I have had a Netspend account for 10 years. Never ever had a problem with the company. I think you should just chill. I get invitations from credit cards all the time, so how is this different?
Great post! I would love to have some of those dresses.
Here’s another way to go paperless: keep all your documents digital and online. The main thing I think that is the hinderance to that is the dilemma of getting signatures on a document. However, with electronic signatures now approved as legally binding, a simple switch to electronic signature software can save you a lot of time, money and hassle by eliminating the need for paper documents.
I use eSign Online by http://www.gopaperless.com and I keep all my documents in their online vault which is accessible from any computer as long as I have internet connection.
It has completely streamlined my business management and I am no longer messing with little pieces of paper everywhere or rushing to get to kinkos before closing. I simply click, sign, email, upload & DONE! Check it out yourself at http://www.gopaperless.com/EsignOnline.aspx
Good luck going paperless!
I have always been a cheapskate, love getting freebies and quality coupons. Borrowing movies from the library and buys 2nd hand clothes on ebay and at yard sales. My saying is, when you spend less money on the things you need then you have more money to spend on the things you want
Gotta love your creativity, but sticking smelly dryer sheets into the small crevices of my life so I can be assaulted by artificial fragrances 24/7 sounds like a nightmare. It's time to examine why people can't just BE with the idea of life without chemical overload.
Check out Indian stores for "atta noodles". atta means flour made from whole wheat.
There is no doubt that employers often push employees to work excessive hours in addition to other ridiculous demands. But I think in the current economy many folks should be happy that they have jobs. This is more than many people can say.
Frozen water bottle.
It'll work temporarily if you dont have any of the things above....!