On the flip side, last night I met a man who reminded me that most Americans are one paycheck away from being homeless. Why is this? I think it's pretty simple: most people were never taught how to manage money. I am very thankful that my mom made it a priority to teach me while I was young.
Here's a good article from Bankrate on the role that Mom's have played in teaching sound money management principals. Here are a few of the topics:
- Don't get a tax refund
- Save and invest your money
- Live within your means
- Save some money for a rainy day