Dear Dave,
My husband and I started your program a few months ago. We love the process of living on a budget, and how it has helped us manage our finances. Our children are 14 and 13 now. Do you think it is a good idea to include youth in budget meetings and financial discussions?
Paul
Dear Paula,
This is a good question! As long as you're not in dire straits, like you're facing bankruptcy or bankruptcy, or you're on the other end of the spectrum sitting on a pile of wealth, I think it's a great idea. Teaching kids about money with a standard, regular, monthly budget is one thing. But as a parent, you don't want to put your children in situations that you are not emotionally equipped to handle.
As long as mom and dad are still talking and making decisions—not fighting—it's good for kids to learn to give and take when it comes to managing money. Parents who never allow their children to handle money, and who never teach them proper money management techniques, are at great risk of releasing financially careless adults into the world. And that doesn't help anyone.
But going with a simple, general budget will show them how much they have coming in and how much they are spending. They will see on paper how much the grocery or electric bill is. Then, when it is in front of their eyes, they will start to realize why mom and dad always tell them not to waste food, and turn off the lights when they leave the room!
— Dave
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Dear Dave,
I'm currently in the military, and I'm not sure I love life, or what I do, as much as I did a few years ago. Recently, I was offered exciting opportunities outside of the military in a different field. I'm not sure what to do. Do you think I should make plans to take advantage of these new opportunities, or should I stick with the military and get full benefits when I'm eligible to retire in 10 years?
William
Dear William,
There are people who absolutely love war. It does a good job for some people, and I think that's great. God bless them—and you—for serving their country in that way. But whether you are a soldier or a citizen, I think you should do what you love to do.
If you are only a few months away from retirement, I would tell you to keep calm and be strong. That way, it won't be long before you're exploring new opportunities and getting a good retirement coming up. But 10 years is a long time to do anything your heart isn't in.
Long story short? If you like it, stay. If you don't, get out. Serving in the armed forces is voluntary, and in a sense, that makes it the same as other jobs. Regardless, are you sitting at a job for ten years when you're miserable just to collect benefits? That's not a good idea.
— Dave
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