We had a great article in our Money Section of our Sunday newspaper written by Michelle Singletary. I think most people have heard of her. She wrote about budgets and spoke of her Grandmother. Michelle is an Afro-American and her grandmother raised 5 grandchildren just making above mimimum wage and without the help of state aid which she was entitled to. The interesting thing about the article is how the grandmother had some money automatically taken out of her paycheck. She had a budget which she wrote on the back of an envelope and she had her own envelope system of finances. So, it's no wonder that a great finance person like Michelle came to be because of the actions and teaching of her grandmother. Everyone can save something. We all just want what everyone else has because as a society we've been told that we are entitled. This is evident when you see a poor child wearing a pair of sneakers that costs way over $100. I blame the parents for this. In my house, a certain amount was set aside for school clothing. A couple of times, I told my older son that he could have the designer jeans but he wasn't going to get anything else. It's a good lesson for the young to learn.
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