"Credit is money that you haven’t yet earned." ........not really. Credit is money that you haven't yet spent. In an ideal world, we wouldn't charge more to the card then we have in the bank. (Obviously not an ideal world.)
@mayonegg, Agreed: the weddings have got to stop. I had no idea how expensive it is to be a bridesmaid until recently I was asked to contribute to $700 bottle service for the bachelorette party. (PS Love the screenname.)
This is relevant: http://xkcd.com/946/ I suppose if I had children, I would make it work regardless of my financial situation, just like so many have before me. But ultimately, my ambivalence about having children at all, compared with my friends who have always known they wanted kids (many of whom are currently raising them just fine in spite of their lack of a 6 figure income) leads me to the same conclusion as the author: right now, the luxury of financial security is more of a priority than childrearing.
I'd be curious to know what, if any, financial lessons your parents taught you growing up? Why do you think you were so ill-prepared for the real world of managing your own finances?
@Logan Sachon @boringbunny To put it in perspective, if she made $100 payments without putting anything else on her CC (which is probably way higher than her minimum monthly payment), it would still take 25 months/2+ years to pay this off. (But don't let that get you down! One day at a time, etc.)
"Oh, I've lived in IV. Well, I haven't 'lived in IV' lived in IV, but I know that thing, that, 'Stop eating to get drunker cheaper, pretend to have read anything by David Foster Wallace, date a co-op hippie, now I know how lifesaving Freebirds at 4am is' thing... '"
You know, I recently watched Free Willy (rainy day + horrific BBC broadcasting), and still blocked the plot point that the reason the kid had to free Willy is because the owner was going to kill him. I thought it was to return Willy to his family, or because everything deserves to be free. Hook (another BBC offering), however, was a completely different experience as an adult.
This is a really sweet story, and you're absolutely right not to touch the money until something worthy of your gran's memory comes along. But when that time comes, don't overthink it! As a billionaire I know once said, money isn't really yours until you spend it.
@Beezus *slow clap* Perfect reference.
Add me to your list of admirers. This was so fun to read - perfectly paced.