Money Issues

   This weeks assignment dealt with an exerpt about money problems that we had to read and respond to. These questions and answers are my responses to the exerpt.

1. What do you think this means?

         I believe that “We do not break the bad habit of debt through earning more money, but rather we break any habit by replacing it with a better one” means that those who have problems with money need to decrease unnecessary spending, rather than just getting more money. If anyone is irresponsible with their money, then having more money just means that they will have more money to be irresponsible with. Also, if someone is in debt already, having more money won’t necessarily help, because they are still in debt, regardless. If people replace their bad money habits with good ones (such as only spending on necessities, looking for sales, etc), then they will have less debt and be better off in the long run.

2. Are you worried about getting into financial trouble as you get older?

            I am kind of worried about getting into financial trouble only because I have never had a credit card and I don’t really know much about how they work. Also, I want to be able to spend my money on fun things, but as I get older, I’ll need to be more careful about what I spend my money on, which will be an adjustment. However, I know that my parents will always be there if I have any questions about how to spend my money or how credit cards work, so I’m sure I will be fine!

3. Does money factor in to your culminating project/or career path you have chosen? If so, how? Should money be a major consideration in choosing your life’s path?

           As a nurse, I will not be handling money directly, however I may do some charity work on the side, which will deal with money. When I grow older, I hope to be involved in volunteer work to help raise money for children who have terminal illnesses which will involve fundraising which directly deals with money.
            I don’t think that money should be the reason that you follow a certain career path. If you get stuck in a job that you don’t enjoy but gives you a lot of money, you will just be rich and miserable. I would rather have a job that earns me a fair amount of money but that I am extremely passionate about.