Money Matters: 5 Financial News Stories You’ll Never Know About

What if your money didn’t matter? What if it wasn’t important to you that your boss paid you more than the rest of his or her employees Financial News Stories, or that yours was the first job you ever had? How would you feel if you knew your parents didn’t care about their mortgage or their credit card balances, and your bills wouldn’t be a factor in their decision who to vote for in an election? You might question how much money your parents spent on food and housing, but at least you’d have that answer. But what if they didn’t limit their spending to groceries and housing? What if they maxed out their credit cards as well? What if they didn’t give a damn about material things? Money issues, financial struggles, debt if those issues belong on the personal side of life, not the financial side.

What if your parents are debt free?

There are billion-dollar industries based on debt, from credit card to mortgage to car loan. Debt is an inherent, yet unfortunate, part of becoming a human being. Whether you borrow money for an education, a car, a vacation, or a holiday, it will be your parents’ debt that holds you back. In order for you to become a productive member of society, you must pay back your debt and own your home. If you don’t owe anybody anything, then why should anybody owe you anything?

What if your parents own their home?

As a child, you might have heard your parents discuss their house renovation or the need to upgrade their car. But what if they never owned a home? What if they never bought a new car, or a house? While it’s nice to have a lot of money in the bank, what if your parents never had a savings account, or a credit card? Even if they didn’t owe anybody anything, they still might not have had the wherewithal to take care of themselves if something unexpected happened. They may not have been able to return to work because they were too ill to fully take their places. They may not have had the funds needed to hire a nanny or a housekeeper to take care of you and your younger sister while they were at work.

What if they saved up for a year to buy you your first bike?

You may have heard your parents talk about biking around the neighborhood or to the park. But what if they never bought a bike for you? One of the most liberating things a person can do is buy their own bike. It’s a way to say, “You have my permission to do whatever you want to do.” Of course, your parents might not have wanted to get you a bike, or they might not have wanted to spout the Industrial Revolution rhetoric of the day. Whatever the circumstances, what if they only saved up for a year, and then they bought you a bike?

What if they had no idea how to ride a bike, or if they did, they were too afraid to let you get on it? What if they didn’t know how to teach you how to ride a bike, or if they did, they were too busy being stressed about work? All of these things may have prevented your parents from being able to buy you a bike. The fact that they tried, and failed, is an incredibly valuable lesson. Even if your parents didn’t have the money to buy you a bike, they still might have been able to save up enough to buy you a book. Your parents may have been too busy worrying about you to worry about themselves.

What if they gave you a dollar every time you asked for it?

You might have heard your parents talk about how they used to give you money to buy groceries, or pay for school clothes for your brother or sister. But what if they never bought you a new pair of shoes? What if they gave you a dollar for everything? What if you never asked for a gift ever? What if you didn’t care about material things? Money issues, financial struggles, debt if those issues belong on the personal side of life, not the financial side.

What if they told you “it’s not about the money” while they were on the other side of the fence?

You might have heard your parents talk about how they only bought you birthday and Christmas presents when you were a kid because they didn’t want to worry about paying for it later. But what if they never told you to save up for a new bike, or that they never had a credit card? What if they never let you borrow money from them, and they never bought you a new book or a fancy video game? What if they never mentioned Christmas or birthday presents or vacations until you were grown, and they were too busy working Financial News Stories to take you to all of them? Your parents may have been keeping certain things from you. You may have been wondering why they never mentioned certain things, and they may not have been able to tell you.

Conclusion

Parents often worry about how much money their kids have and how they’re faring in the world. But there’s an important distinction between having money and making money. They may not care about the material things that money can buy, but most people do care about having a good time and feeling like they’re doing something useful with their lives. One of the best ways to make sure your parents are doing okay financially is to talk to them about their spending. Ask them about their bills and debt, and see if they can tell you how they’re paying for it all. If they’re saving for a house or car, or just want to be able to pay their bills when they’re due, that’s a great sign.