A Luxury Once Sampled becomes a Necessity – More Financial Savvy

Free Food for Millionaires – see the WSJ article

Free Food for Millionaires is a  book about an Asian American working class girl who gets herself into Princeton, graduates and finds herself caught up in a lifestyle she can’t afford in Manhattan.  No matter that a Princeton grad should be able to find a good job, it seems that Casey can’t afford to live within her means.  Part of the problem is her associates, free spending investment banking types with trust funds to boot.  Simple, she should get new friends…

 

The book is interesting because it highlights the dilemma many of our daughters have.  They’re well educated, achievement oriented.  But the cost of living is so high, and so many entry level jobs fail to pay what seems to be a livable wage.  In some cases, encouraging our daughters to go for a higher paying career – banker, lawyer, doctor, may seem to be the case.   But even then, for some many girls with expensive tastes and student loan debt, there seems to be a disconnect between what they could afford when supplemented by the Bank of Parents and what they can really afford when they are on there own.

 

Far better to equip girls with the skills for economic defense and the attitude that life is a happy marathon and not a frenetic sprint, and that luxuries are luxuries – pleasures meant to be enjoyed occasionally as opposed to always.

See GirlMogul.com for more encouragement for raising successful girls.  Girl Power Apparel and Accessories.

More Tips for Raising Finacially Savvy Girls

Here’s another tip for raising money savvy kids.  This came via a WSJ column.  Offer your kids a dollar ($1.00) if they drink water (tap) instead of ordering a soda at a restaurant.  You’ll save a few cents and they’ll probably start drinking a whole lot more water.  And it will be healthier all around.

 Have more tips you want to share?  Send them here – andrea@girlmogul.com

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