Wednesday, May 4, 2016

Teach Teens That Even An Extreme Minimalist Needs An Emergency Fund

Today’s fantastic family finance article is:

Minimalist Emergency Fund

Imagine no possessions
I wonder if you can
No need for greed or hunger
A brotherhood of man
Imagine all the people
Sharing all the world...

~ John Lennon

Can your teen imagine living without money or possessions? Can you?

Heidemarie can. And has for 17 years. Well, OK, she has a few possessions. They all fit into a single rolling suitcase.

She barters her services for room, board, haircuts, transportation.

Miserable? No. Healthy and happy. A lifestyle built on “love and trust.”

Read today’s provocative article with your kids.

Imagine. Discuss. What would be the positives? What would be the negatives?

Sure, it’s wildly extreme to give up all your possessions, but do we really need to accumulate so many?

Final thought: even as an extreme minimalist, Heidemarie maintains an emergency fund. Smart. There are lots of “maximalists” out there with no emergency fund. Which is crazier?

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