Managing money wisely

Hawaii.

Three of David’s co-workers have declared bankruptcy, one of them three times during his lifetime.  Unbelievable, because they earn much more than David.  They obviously over extended themselves, financially.

I really admire my husband for being a good provider.  Despite his demotion and $23,000 pay cut in 2010, we have been able to live quite well, mainly due to a reverse mortgage.  Please google it if you don’t know what a reverse mortgage is.  Last year, we had a new roof and solar water heater installed, and we visited India for 15 days.  This year, we are going to stay on the East coast for a week.

But, David has always been good with money.  When he was a young teenager, David had a newspaper route in the afternoon.  With the money he earned, he purchased a telescope, a movie camera, a movie projector, and a movie screen.  Amazing!  These are things I never had as a child.  Heck, in those days, I didn’t even own a stereo!  David didn’t beg his father to buy those items.  He bought them himself.

As a comptroller, he often sees fellow employees ask for an advance on their paycheck.  He has never done so.  We live within our means.

David’s advice:  MANAGE YOUR MONEY WISELY!!! PAY OFF YOUR CREDIT CARD BALANCE AT THE END OF THE MONTH AND DON’T GET INTO DEBT.

I hope we never find ourselves filing for bankruptcy.  How humiliating that would be.