Youngsters don’t appreciate value of money

2018-03-28 06:00
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 generalise.

It seems the youngsters do not have an appreciation of what their parents are going through to put food on the table and to maintain 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 will be the one buying the gift and it is money that I did not budget for and can therefore not afford.

I received a phone call from my cousin whose daughter is studying in Bloemfontein.

She gets a bursary from government covering her tuition, her books, food and accommodation. However, she still demands that her father send her money for food and accommodation.

If she was asking for pocket money, I could understand. Her father is hardworking and the only breadwinner. He is struggling to make end meets.

I look at the 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 lifestyles. They see nothing wrong in that.

They do not know how to budget or if they budget do not know how to stick to the budget. I once wrote in Express about the importance that we should teach our children to have delayed gratification.

We must teach them to say “no” and to accept “no” 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.

We are impressionist. I was a speaker at a function and 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 all the money we do not have and when we come back we do not have any money to live on.

We spend our salaries and we go to loan money only to be short the next month and then we go to borrow again.

We live on credit because we do not live within our means.

At the end the debt keeps on ballooning and we are drowning in debt. We borrow from Kuni to pay Mosidi.

Proverbs 22:7 – Just as the rich will rule the poor, so the borrower is servant of the lender.

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

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