We are less than a month from Logan leaving for the Navy and we have been busy making sure he is ready for his move. First he goes to Navy Bootcamp in Great Lakes, IL and then off to South Carolina for his Schooling. We are getting sad more and more as we get closer to the day we have to drop him off in September.
Darlene and myself have many different checking accounts from Personal Accounts to Business Accounts. We teach our boys to have separate personal checking accounts if they are married or in a relationship. Also, we suggest they set up one checking account for each of the following; Home Bills, Debt Payments, investing to other accounts if needed.
Where does the time go? July flew by for our family this year. We are not fans of all this Coronavirus stuff going on. We are trying to watch less news. When we watch the news it makes it seem like the world is ending but then we leave our house and people seem to be out doing things.
This is something I look forward to do each month and at the end of the year. I know I may sound weird but I like to work with numbers and analyze how we did for the month or year.
To know if you are winning or losing you need to keep score. Just like in golf. You need to count all your strokes to know what your score was for the round and if you hit your goal or not. Also, you can see what areas that you need to improve in your golf game. Like I track not only my score per hole, but also how many fairways I hit, how many greens I hit and how many putts I made during the round also.
Over the years I have known many people that spent too much on a home they bought or a place they wanted to rent. Then something happens to them like a job loss or going to a new job where they made less money and now, they couldn’t make their payments anymore.
June was nothing like it was last year for sure. So many negative things going on in our world and it is hard to always tell what is true or fake news.
Last year when the Navy recruiters came over to our house the one recruiter brought up about how he wished his parents would have taught him the things we are teaching our boys. I told him that is why we are teaching our boys these lessons and why I am sharing it with the world with my Podcast, Blog and my book to be released hopefully before 2021.
Who doesn’t like a party? We do in our house for sure. We work hard working towards our Financial Freedom goals and it is fun to celebrate when we achieve one of our goals along the way.
There is no law that I know of that says parents have to pay for their kids’ college. As far as I know it is optional. We have told our kids for years that they need to pay for college if they want to go to college.