Lifes Like That

My daughter is eight years old, and for as long as she can remember, she has had long hair. It does seem like a hassle to her to have to get it brushed and put up every day for school, but she is as proud of her hair as her father and I are. Everyone who meets her compliments her on her beautiful hair and I think that’s one of the reasons why she does keep it so long without a fuss.

Last week she was watching a show on TV about donating your hair for cancer patients for wigs and indicated that this is something that she wants to do. This is the ONLY reason why her father and I would consider letting her get her beautiful hair cut. (her grandmother has cancer and she wants to donate her hair for a wig for her). I was just reading over at Angie’s blog how she wants to grow her hair out for the same reason. I commend both of them for their kind thoughts and wish there were a lot more people out there who had this kind of compassion.

My best advice to young people for avoiding debt is to stay as far away from credit cards as possible. A lot of people will apply for these cards for “emergencies” and end up using them for every purchase they make. Not only do they then have to pay back the original purchases, but they also have to pay the huge interest rates that are attached to them. The worst cards to apply for a in store cards, as they can only be used at that particular store and the interest rates are outrageous.

Another tip for young people would be to never go to one of those stores that offer payday loans. Once again, the interest rates are outrageous and if you don’t have the cash this week, it will be harder for you the following week to replace that income you need to pay back along with the interest rates they charge.

My final tip would be to make a budget (make it reasonable) and stick with it. You must be aware of your income coming in and your necessary bills going out. Do not try to live beyond your means. If you see a particular item you think you need, save the cash, cut back on the items that are not necessary and soon you will be able to purchase the item you want without having to pay out exorbitant interest rates to a third party.

It’s your money, manage it wisely and you won’t find yourself hugely in debt at a very young age.