It pays to value money

2018-04-04 06:01
Advocate Kuni Ditira Social Observer

Advocate Kuni Ditira Social Observer

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I sometimes worry when I see the young people of today. Maybe I am generalising, but allow me to do so.

It seems the youngsters do not have an appreciation of what their parents are going through to put food on the table and support them. They are demanding and do not have a clue about the value of money.

Let me give examples. My grandson asked me to give him R3 500 to buy his mother a birthday present. I responded by suggesting that he just send her a voice note and sing to her, or send her a handwritten card, or better still: save money every month and buy her a gift.

Am I wrong? Otherwise I would be the one buying the gift. Also, it is money that I did not budget for and can therefore not afford to spend.

As a second example, I received a phone call from my cousin whose daughter is studying in Bloemfontein.

She is the beneficiary of a bursary from government covering her tuition, as well as the cost of her books, food and accommodation. However, she still demands that her father send her money for food and accommodation.

If she were asking for pocket money, I could understand.

Her father is hard-working and the only breadwinner. He is struggling to make ends meet.

I look at young adults and can see that they are not coping. Their money does not stretch until the end of the month. They live beyond their means and expect the older people to rescue them and supplement their lifestyle. They see nothing wrong in that.

They do not know how to budget, or if they budget, do not know how to stick to it.

I once wrote in Express about the importance of teaching our children to have delayed gratification.

We must teach them to say “no” and to accept “no” as an answer from other people. Otherwise, when they want something, they want it now. They grow up like that and when they are adults, they are not able to cope.

I was a speaker at a function where the master of ceremonies made a comment that we eat salmon today and we will eat chicken livers tomorrow.

We go on holiday and spend money we do not have; when we come back, we do not have any money to live on.

We spend our salaries and we loan money, only to be short the next month and borrow again. We live on credit, as we do not live within our means.

In the end, the debt keeps on ballooning. We borrow from Kuni to pay Mosidi.

Proverbs 22:7 teaches: Just as the rich rule the poor, so the borrower is servant to the lender.

Like Howard Dayton said, “We make up the difference between our income and spending using debt which creates slavery, pressure and anxiety.”

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