Audio Books and Emergency Funds…
|August 24, 2012||Posted by Ashley under Saving Money|
Some months ago, I borrowed an audio book from the library. This book had been recommended AD NAUSEUM to me and I finally decided to read it, but I certainly wasn’t going to buy the blasted thing. It was a book by Dave Ramsey called “The Total Money Make-over”. Casino Online Bonus - It's Time for You to Play: blackjackpontoon.com.
I understand that some people like this guy and some people don’t and I’m sure that they all have good reasons. Me? I’m just a mom trying to make ends meet. And being newly single means that I am actually the sole responsible party for making those ends, well….meet. This has given me a new interest in financial responsibility. A new interest in saving money. A very new interest in the fact that I have a retirement plan that is gonna last me for about 2 months – if I’m careful! (That will have to be another post.) This led to a somewhat lukewarm interest in this book – but I would have had to wait 500 years to get the printed version from the library so I settled for the audio book. My first ever audio book.
As fate would have it, I take my girlie to the rock climbing gym four times a week. It’s a 35 minute drive, one way. Guess what? I decided to listen to the book on the drive to the gym. So, my sixteen year old was stuck listening as well. And let me tell you, was she ever thrilled…..ahem.
ANYWAY – the point of this post is this. My kid got excited about finances and saving and investments and all of that stuff as we listened to the book. We listened and laughed along with Dave and had a great time learning things that we both need to know! When he used terms that she didn’t quite get (because someone hasn’t been teaching her this stuff, cough, cough) I was able to explain most of it to her. When I didn’t understand myself, I just made something up – but she’s gonna catch on to that sometime soon I’m sure.
And you want to know what’s even more exciting? She is a little more than 3/4ths of the way to having a fully funded emergency fund! After that she has some other financial goals as well and I cannot tell you how thrilled I am for her! When she gets a job, she’s planning to start saving for retirement, while she’s still in her teen’s!
And that’s gonna be important. Cause I’m counting on her big time to take care of me when I am a crotchety old lady since I didn’t think about a retirement plan until I was almost retirement age.
I saw a quote the other day that really hit home. “Be nice to your kids, they pick out your nursing home.” So, you’ll have to excuse me because I need to go and do something nice for my kid. You might want to consider that as well if you are a retirement planning slacker like me.
At the very least, I highly recommend that you listen to “The Total Money Makeover” with your teen. Maybe it will light a fire under them as well!