Monday, March 3, 2008

“I have always thought of money as freedom”


An article titled "Frugality can be acquired, but it can't be bought" makes me wonder why it can't be bought. Currently U.S. residents have maxed out their credit and young people see graduating college with tons of educational and other debt as normal. So why can't we buy frugality, ie. teach the basics of good personal finance in high-school and college. Why are so many young people not familiar with the basics about credit scores and interest rates until they finally want to make a purchase such as a car or rent an apartment? Maybe if we start early by paying for this kind of education, we can "buy" frugality after all. Read entire article

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