Today’s fantastic family finance article is:
In early March, I started sharing brief “micro money message” videos on Twitter with FamZoo’s followers. They’re 30 second personal finance messages to share with the kids over the weekend. Why 30 seconds? That’s the maximum duration allowed for a video embedded in a tweet — also known as the maximum duration of the modern attention span.
Since the videos have been warmly received on Twitter, I’ve decided to start capturing them on YouTube as well. Now parents have an easy place to locate and flip through previous episodes.
From now on, I’ll be sharing the latest micro money message each week on Family Finance Favs too. So, without further ado...
The micro money message this week: take your time with money decisions. Watch it here.
Kin Hubbard, the American humorist from the early 1900s, once quipped:
“The safest way to double your money Is to fold it over and put it in your pocket.”
There’s an important message in his tongue in cheek money doubling scheme: slow things down a bit to avoid misguided money decisions. Suppress the impulse. Just hang on to that money in your pocket a while longer. You’ll be more likely to skip a silly purchase or a risky investment.
Share Kin’s quip with your kids while out and about this long weekend. Maybe it’ll discourage an impulse buy or two.
And as you’re slowing things down with the kids, here’s another Kin classic to ponder:
“A loafer always has the correct time.”
What do you think Kin meant? That’s another good discussion topic for a lazy weekend afternoon.
Get tomorrow’s tip here.