Comments on: How to Make Money Management a Family Affair http://millionairemommynextdoor.com/2009/05/how-to-make-money-management-a-family-affair/ A self-made millionaire shares her recipe for success, happiness and financial freedom Wed, 01 Sep 2010 02:32:15 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Patrick http://millionairemommynextdoor.com/2009/05/how-to-make-money-management-a-family-affair/comment-page-1/#comment-2928 Patrick Tue, 12 Jan 2010 20:38:21 +0000 http://millionairemommynextdoor.com/?p=547#comment-2928 "10% invest / 10% save / 10% charity / 70% spend" I like how you've pointed out that investing is not the same as saving. I think the distinction is lost on many people. “10% invest / 10% save / 10% charity / 70% spend”

I like how you’ve pointed out that investing is not the same as saving. I think the distinction is lost on many people.

]]> By: New Year’s Task List http://millionairemommynextdoor.com/2009/05/how-to-make-money-management-a-family-affair/comment-page-1/#comment-2884 New Year’s Task List Thu, 07 Jan 2010 18:08:36 +0000 http://millionairemommynextdoor.com/?p=547#comment-2884 [...] reoccurring family finance meetings and put them on the [...] [...] reoccurring family finance meetings and put them on the [...]

]]> By: Peter http://millionairemommynextdoor.com/2009/05/how-to-make-money-management-a-family-affair/comment-page-1/#comment-1842 Peter Fri, 12 Jun 2009 16:51:39 +0000 http://millionairemommynextdoor.com/?p=547#comment-1842 I just want to point out that shoving another teaching burden on the schools won't make a real impact. Kids learn about good nutrition, effects and dangers of drugs, how our government works, basic math (to include compound interest if my kids text books are anything to go by), etc., yet significant portions of the population are obese, have drug addictions, don't bother to vote, and can't seem to understand even the basic math associated with money management. It isn't about what's being taught, it's about how they live, and that's where the parents play the key role in showing them how to handle their money. I just want to point out that shoving another teaching burden on the schools won’t make a real impact. Kids learn about good nutrition, effects and dangers of drugs, how our government works, basic math (to include compound interest if my kids text books are anything to go by), etc., yet significant portions of the population are obese, have drug addictions, don’t bother to vote, and can’t seem to understand even the basic math associated with money management. It isn’t about what’s being taught, it’s about how they live, and that’s where the parents play the key role in showing them how to handle their money.

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