So I mentioned that I skipped Day 10 on the 21-Day Financial Fast because I was still working on a budget from Chapter 7 and because Chapter 7.
I also skipped it because it was the chapter in Michelle Singletary’s book “The 21-Day Financial Fast” about Marrying Your Money. That meant it was for married couples or people who are about to get married.
That’s not me, and while I would marry for money, among other necessary things, I couldn’t take anything from this chapter and give it to anyone – because I also don’t interfere in the business of married couples.
But Chapter 11?
That was different.
Chapter 11 (How odd that it shares a name with a type of bankruptcy, but I digress . . . ) is a chapter about leaving a legacy of good money sense.
And I was feeling guilt.
My daughter is 24, and while I’m sure I taught money lessons – and even wrote about teaching her money lessons, I also let her watch me spend sometimes indiscriminately, just because we wanted things.
She is proving now that she learned both lessons, but I think the wants sometimes outweigh the needs. So I’ve decided to share this chapter with her and other young women to help them learn what to teach their children.
“As parents, we know it’s imperative to teach our kids to say no to drugs and alcohol,” Michelle writes on Page 134. “But can you honestly say you’re doing your best to help them fend off consumerism and credit card pushers?”
I know I had some success when my daughter entered college and got as many credit card applications as there were professors on campus – and ignored them.
How do I know she ignored them? Because she asked me for things that, had she had a credit card, she would have just gotten them. I won’t detail any of those requests here. But let’s just say that one had to do with some really dumb cosmetic surgery.
I remember when she was little, and the best I way I could teach her lessons about money was through sacrifice. I didn’t believe in time-outs because, as a busy reporter, editor, then news executive, I didn’t want any of the precious time I had with her spent with her sitting in a corner.