Dave says husbands and wives should make financial decisions together so that both will be happy and the final decision a blessing in their lives.
Dave says if you can’t afford to fix something you bought if something goes wrong, then you couldn’t afford to buy that item in the first place!
More than anything you just need some good business planning and time management.
The basic idea here is to always handle your money with planning, purpose and maturity.
I recommend people do everything they can to avoid bankruptcy. It’s not an easy do-over, it’s a last-resort kind of thing.
Long-term interest rates are still really low. If you were to buy a bunch of bonds right now, and interest rates went up even one percent, you could lose a lot!
When you start to win with money you discover pretty quickly that there’s a very small group of people you can celebrate with.
Winners and successful people quit all the time; they quit doing things that aren’t working.
Work creates money, and that’s an important thing to teach your kids.
If she accepts responsibility and starts working hard toward handling her money wisely, you might help her out once in a while.