The Importance of Having Patience and Saving Money :: Personal Finance

Beginning at the mount of six, Americans begin to attend school. They depart spend the majority of their time in this learning environment until they graduate high school and probably college. During this time, concourse are meliorate ab give apart different subjects in the hopes that it will aid them live a profitable life. What is a better way to put to work a problem, than by teaching plurality about the causes and how to not astound cheated? The current housing crisis could have been averted if the American quite a little had been properly educated about how to handle banking and loan situations. However, due to a mentality that people should buy what they cannot afford, America has been in an ongoing recession for many years. On another note, banks need to adjust the way loans are given out as well as the programs being set up to feed them back. There is no quick fix to this problem, rather a semipermanent investment that must be made. Instead of pouring milli ons of dollars that the government does not have into a possible solution that may or may not work, I propose the government implements an educational course in an attempt to revise the way Americans think. Everyone is aware of the problems that have been caused by the enliven rates and the credit cards and the quick fixes that have attempted to conclude the problem. The issue with most of these fixes is that the specie used is not money currently available. Sure, more can be printed, but that lowers the value. The fact of the matter is that throwing money at a problem is not going to make it go away. In fact, it only makes the problem worse. It shows the general that its perfectly only right to spend money that they dont have because eventually, everything will be okay. Thats not the case. Up until a few decades ago, everyone believed in having patience and saving. In todays day and age, people extremity everything now. Technology has continued this message with ev erything only a click away If people knew that saving money is the best way to disturb what you want, wherefore the foreclosure issue would not be such a serious problem. Instead, people go out and spend money they dont have. The public needs to be educated on how to make the best deals and get the most out of the money that they have.