Friday Fun Video: Raiding the Money Jar

Many people operate on the idea that they can borrow from the future — or just get an advance on something — in order to make their finances work. (Our government has been doing this for decades, but that’s another story.) However, this is usually a bad idea. In many cases, it is an indication of a lack of financial discipline. Instead of saving up for things, or creating some sort of a plan to determine where the money goes so that everything is paid for, the idea of an “advance” or raiding one’s savings or money jar, is one that promotes instant gratification. Ultimately, it also leads to poor money habits that often result in living paycheck to paycheck without really getting ahead. As can be seen in this clip from The Simpsons. Just because the kids spent all of their allowance, doesn’t mean that they can just get an advance on next week’s allowance. And, of course, another point is raised. Clearly the parents are unprepared for a money emergency…