Comments on: Review: Bank of Mom and Dad http://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/ Learning about frugality Wed, 25 Apr 2012 20:11:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Emilyhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7420 Emily Wed, 14 Apr 2010 12:02:20 +0000 http://almostfrugal.com/?p=4570#comment-7420 Yay! It's on Hulu! Thanks for giving me something new to watch, Nicole! .-= Emily´s last blog ..<a href="http://mumblingsfromtroyohio.blogspot.com/2010/04/our-organic-revolution-and-new-diet.html" rel="nofollow">Our Organic Revolution, and a New Diet Experiment</a> =-. Yay! It’s on Hulu! Thanks for giving me something new to watch, Nicole!
.-= Emily´s last blog ..Our Organic Revolution, and a New Diet Experiment =-.

]]> By: Kylehttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7394 Kyle Mon, 12 Apr 2010 19:57:31 +0000 http://almostfrugal.com/?p=4570#comment-7394 Show sounds interesting, I will have to check it out. I like Farnoosh. He always offers some good financial advice. But then again, I could watch any TV show with a bag of salt and vinegar chips! Show sounds interesting, I will have to check it out. I like Farnoosh. He always offers some good financial advice. But then again, I could watch any TV show with a bag of salt and vinegar chips!

]]> By: Stay at Home Mom CFOhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7387 Stay at Home Mom CFO Sat, 10 Apr 2010 01:18:57 +0000 http://almostfrugal.com/?p=4570#comment-7387 I've never heard of the show but I'd love if they took it to place even more mainstream and have a "Biggest Loser"-type program. It'd be cool to watch couples, families and singles at various life stages struggle AND overcome their debt issues. I’ve never heard of the show but I’d love if they took it to place even more mainstream and have a “Biggest Loser”-type program. It’d be cool to watch couples, families and singles at various life stages struggle AND overcome their debt issues.

]]> By: Nicole at Breaking Evenhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7384 Nicole at Breaking Even Fri, 09 Apr 2010 13:30:05 +0000 http://almostfrugal.com/?p=4570#comment-7384 Couldn't have put it better myself, Robin! What about a young guy who spends hundreds of DVDs or an older woman who justifies overspending on children? More types of profiles, please! Couldn’t have put it better myself, Robin! What about a young guy who spends hundreds of DVDs or an older woman who justifies overspending on children? More types of profiles, please!

]]> By: Robinhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7383 Robin Fri, 09 Apr 2010 13:14:57 +0000 http://almostfrugal.com/?p=4570#comment-7383 I thought I was the only person watching this show! Thanks for discussing it. I do wish they would change up the characters a little. Show after show of young women spending too much on clothing is starting to get old. I thought I was the only person watching this show! Thanks for discussing it. I do wish they would change up the characters a little. Show after show of young women spending too much on clothing is starting to get old.

]]> By: djhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7380 dj Fri, 09 Apr 2010 09:59:38 +0000 http://almostfrugal.com/?p=4570#comment-7380 Sounds interesting. I think most older parents would be wiser with their monies because they lived through more difficult times. This is a gross extrapolation: things were simpler, less choices, more regs, but the choices were trustworthy and dependable, and there was a respectful relationship between all parties. You could often pay out of pocket, even for healthcare. Credit didn't become big until the 80's. Banks were regulated by states and there were actual usury laws that controlled rates. People bought on layaway or waited. That went out the door in the 80's and shortly afterward we had our first financial crisis, the S&L crisis in '87 (and one every ~4 years since), and probably why we have those cash for title or payday loan shops popping up everywhere. Parents had healthcare from their employer, and a traditional defined-benefit pension, and probably worked for the same employer most of their adult life. Life was indeed simpler, and marketing wasn't as pervasive. There is no excuse for crazy spending. But, even if a person tries to do everything right, it is a way different environment than our parents'. Have you ever watched the hoarders on Oprah. Oh my gosh. They are literally suffocating in stuff trying to fill some void in their life. It's really sad. Can you imagine rallying the public today to buy war bonds instead of stuff. I think today we tell people to shop, so China keeps making stuff, and buying our Treasuries to finance us. I had a relative that lived paycheck to paycheck. Each Friday they'd run to all the stores to pay some more on layaway. No one could tell them anything. I use to think to myself, well, they keep our economy going. Argh. This worked until one day when she and her husband lost their jobs (and benefits), after decades of employment there. They had a hard time finding jobs, but when they did, together they weren't making what one was before. They started cutting expenses, asked their parents to help with the mortgage. He stopped taking his medication, stopped paying on life insurance, and suddenly died one day from a heart attack. She was left with 2 kids and in terrible financial condition. She got Social Security until the kids were 18. You never know and you gotta plan. Frontline has had some good programs on credit: History of Credit: http://www.pbs.org/wgbh/pages/frontline/shows/credit/ Tavis Smiley had the author of the book, "The Story of Stuff Project", on his program tonight. Sounds interesting. I think most older parents would be wiser with their monies because they lived through more difficult times. This is a gross extrapolation: things were simpler, less choices, more regs, but the choices were trustworthy and dependable, and there was a respectful relationship between all parties. You could often pay out of pocket, even for healthcare. Credit didn’t become big until the 80′s. Banks were regulated by states and there were actual usury laws that controlled rates. People bought on layaway or waited. That went out the door in the 80′s and shortly afterward we had our first financial crisis, the S&L crisis in ’87 (and one every ~4 years since), and probably why we have those cash for title or payday loan shops popping up everywhere. Parents had healthcare from their employer, and a traditional defined-benefit pension, and probably worked for the same employer most of their adult life. Life was indeed simpler, and marketing wasn’t as pervasive. There is no excuse for crazy spending. But, even if a person tries to do everything right, it is a way different environment than our parents’.

Have you ever watched the hoarders on Oprah. Oh my gosh. They are literally suffocating in stuff trying to fill some void in their life. It’s really sad. Can you imagine rallying the public today to buy war bonds instead of stuff. I think today we tell people to shop, so China keeps making stuff, and buying our Treasuries to finance us. I had a relative that lived paycheck to paycheck. Each Friday they’d run to all the stores to pay some more on layaway. No one could tell them anything. I use to think to myself, well, they keep our economy going. Argh. This worked until one day when she and her husband lost their jobs (and benefits), after decades of employment there. They had a hard time finding jobs, but when they did, together they weren’t making what one was before. They started cutting expenses, asked their parents to help with the mortgage. He stopped taking his medication, stopped paying on life insurance, and suddenly died one day from a heart attack. She was left with 2 kids and in terrible financial condition. She got Social Security until the kids were 18. You never know and you gotta plan.

Frontline has had some good programs on credit:
History of Credit: http://www.pbs.org/wgbh/pages/frontline/shows/credit/

Tavis Smiley had the author of the book, “The Story of Stuff Project”, on his program tonight.

]]> By: Kellyhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7379 Kelly Thu, 08 Apr 2010 21:52:25 +0000 http://almostfrugal.com/?p=4570#comment-7379 No, I meant that he used to spend lots of money- more than his means at least- and then learned to become frugal, save, have good money practices and so on. If you read The Simple Dollar (which I'm much more familiar with than Dave Ramsey, in fact) you'll learn that Trent only learned sound financial practices after having a money meltdown. No, I meant that he used to spend lots of money- more than his means at least- and then learned to become frugal, save, have good money practices and so on. If you read The Simple Dollar (which I'm much more familiar with than Dave Ramsey, in fact) you'll learn that Trent only learned sound financial practices after having a money meltdown.

]]> By: Kellyhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7369 Kelly Thu, 08 Apr 2010 21:00:00 +0000 http://almostfrugal.com/?p=4570#comment-7369 I haven't seen the show, but I'm betting it's like a lot of other reality based shows- shock sells. On the other hand, it takes some of us longer than others to learn the basics of budgeting, the fundamentals of frugality, the penny-pinching ways of personal finance (OK, OK, I'll stop now!). And some of the worst offenders are now the most ardent champions in the PF community- Dave Ramsey & Trent Hamm come to mind. In some ways, I say 'whatever it takes'! I haven't seen the show, but I'm betting it's like a lot of other reality based shows- shock sells. On the other hand, it takes some of us longer than others to learn the basics of budgeting, the fundamentals of frugality, the penny-pinching ways of personal finance (OK, OK, I'll stop now!). And some of the worst offenders are now the most ardent champions in the PF community- Dave Ramsey & Trent Hamm come to mind.

In some ways, I say 'whatever it takes'!

]]> By: Kellyhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7363 Kelly Thu, 08 Apr 2010 20:13:08 +0000 http://almostfrugal.com/?p=4570#comment-7363 I take lots of deep breaths- if you think about it it's kind of like meditation... ;)! I take lots of deep breaths- if you think about it it's kind of like meditation… ;) !

]]> By: Random Thoughts of a Jersey Momhttp://almostfrugal.com/2010/04/08/review-bank-of-mom-and-dad/#comment-7370 Random Thoughts of a Jersey Mom Thu, 08 Apr 2010 19:46:55 +0000 http://almostfrugal.com/?p=4570#comment-7370 @ Kelly: What do you mean when you said, "And some of the worst offenders are now the most ardent champions in the PF community- Dave Ramsey & Trent Hamm come to mind." I'm just curious. Are you saying that Dave Ramsey isn't frugal enough? Or he spends more than he earns? .-= Random Thoughts of a Jersey Mom´s last blog ..<a href="http://randomthoughtsofajerseymom.blogspot.com/2010/04/auto-show.html" rel="nofollow">Auto Show</a> =-. @ Kelly: What do you mean when you said, “And some of the worst offenders are now the most ardent champions in the PF community- Dave Ramsey & Trent Hamm come to mind.” I’m just curious. Are you saying that Dave Ramsey isn’t frugal enough? Or he spends more than he earns?
.-= Random Thoughts of a Jersey Mom´s last blog ..Auto Show =-.

]]>