Monday, February 6, 2017
Conversation on Finance HW
For hw I had to talk to my parents about budgeting and money. They said that I could earn money by working at some part time jobs and make some cash. These jobs could be working as a cashier or be an assistant or something. The kind of jobs I could do in the future are maybe work for some company or it could be related to my major which is still undecided. They told me it's better to use a debit card rather than credit cards because you should use the money that you have instead of falling into debt by loaning money and paying it back with interest. They don't think young people should get credit cards because they're still not mature and responsible enough to handle it. They hope that I become a doctor and earn a good amount of money, enough to pay the bills, spend on things I need and/or want, and save for emergencies. They hope that I don't make the mistake of paying the least amount for credit cards just to pay it on time but to actually pay most of it as much as I can. They think that financial aid will help me pay for college and also I should work a part time job too to get earn some money while I'm in college. They don't really have any money role models, they just want me to be careful with budgeting and planning out how of use and spend my money.
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