Published: Monday, Aug. 18 2014 10:15 a.m. MDT
I'm blessed with a Financially astute Wife after my own heart. On our
recent Honeymoon to Kauai, We dined at Costco, Shopped in the local Markets and
arranged our lodging at a resort in Princeville through a time share broker. We
saved thousands $.
BYU track star and his lovely bride should be commended for their frugality.
They will have a happy marriage.Unfortunately this couple is the
exception amongst today's young people. Far to many use credit cards to
engage in excessive spending, which leads to horrendous debt. This inevitably
leads to stress, marital discord, and divorce.There was a time in
this Country when most young couples would honor the values of hard work and
sacrifice. Sadly, that is the exception now.
Hold on....Most couples can't even afford to to go Kauai for a honeymoon.
I wouldn't call that frugality. The trip still cost him around $2,000.
It's not money as much as it's about being orderly in your character,
organized in your stewardship, and upright in what you believe and do.Faith in GodWell dressedGood hygieneLiving an orderly
lifeBeing organized, not super-OCD, just on top of things.Finances
in orderLiving addiction freeAlways being honestPositive
attitudeCommittedWhile no one fits all these perfectly, these
resemble 'the good' we have the potential to be. I struggle as much as
anyone at the command to be perfect, if not more. I just felt it was worth
mentioning that talking money is simply one step on the ladder of living right.
We often hear "it's what's on the inside that counts". The
truth is that all of these things come from within us as an outward reflection
of who we choose to be.I haven't seen anyone semi-decent in all
these that wasn't attractive. But I've seen plenty of people who were
REALLY bad at one, who weren't attractive at all. I've also been that
When individuals and couples figure out that debit and credit cards are
detrimental to financial independence do they become liberated and debt free.
Most haven't figured it out yet that debt is inflationary to everyone
becasue those who live on debt add 25% more on store prices. Stores must pay
debt brokers 40-50% of their profit to brokers excessive fees to process debt
transfers and payments. Debt and debit cards take several days to weeks before a
retailer receives his receipts from his customers and must borrow money to cover
his overhead while his money is processed from POS to his bank deposit.When consumers can say they don't have credit cards can they be free and
in control of heir finances. I would recommend the destruction of credit and
debit cards on the first day of marriage or cohabitation. Why pay banks to
borrow you pay checks that have been deposited in your name? Being debit card
free will give couples a 25-30% instant raise. Cash and carry everything, no
exceptions, getting robbed is a myth to scare you from keeping money in your
Know where your money IS. To do that Ya got to know what your buying, where your
buying and when. Stop looking around. Be grateful for what you you get.
As I remember a song from the musical Oliver, Fagan sings this son.
"........in this life just one thing counts, in the bank large
amounts."Rather than expecting everything that their parents
have taken years to accumulate perhaps some of these young married couples
should expect less?
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