05-16-2010 Posted in Blogging Tags: Carnivals 25 comments

May is the month of graduation for many students. In Duckburg, Huey, Dewey, and Louie Duck are graduating from Duckburg High School. Uncle Scrooge was undeniably proud. As a savvy money manager (with his whole vault of gold), Uncle Scrooge decided to share some money lessons with his grand-nephews.

Now listen up boys, these are Scrooge McDucks money lessons (Saving Money Today). If you listen to them, they will be worth their weight in gold! Scrooge quacked.

First, avoid unsustainable debt. If you dont get into debt, you wont ever have to worry about getting out of debt (Smart on Money). But all of us will make mistakes along the way, and thats okay. As you grow older, you may think, what I would have liked to have known before I was 18 (Little House in the Valley). But whats important is that you learn from your actions and then set out to make the best possible decisions for the future.

Only use credit cards responsibly for the rewards (Learn Save Invest) and pay above the minimum for credit card payments (Personal Finance by the Book). If your card increases the interest rate on you, negotiate (Rainy Day Saver).

As for duckmobiles, buy a used car (Invest It Wisely) if you can, and try to lower your car insurance costs (Find the Best Car Price). I, ahem, only drive a Duck Royce, but thats because I have the financial means to do so.

Its good to have a written budget (Deliver Away Debt), that way you can see where you need to save money. Dont forget to look at both big and small ways of saving money: look up cheaper ways to grocery shop (Not Made of Money) and watch TV on the cheap (Money Help for Christians) for example, but also pay attention to your first time home buyer loans (Redeeming Riches).

Never stop learning keep your eyes open for opportunities, they might be in community lending or the stock market (Narrow Bridge), or an area of the market that is as yet undiscovered.

And when it comes time that you will have little ducklings of your own, make sure you have adequate life insurance (Free From Broke).

But the final lesson is that money should be spent and enjoyed. My personal pleasure is to dive into a vault of gold coins and luxuriate in the fact that I am the richest duck in the world! But, er, if your passions are traveling to unusual destinations (Engineer Your Finance) or arts, thats good too. Just remember to make time for what you love.

Uncle Scrooge finished delivering his nuggets of wisdom, then realized that Huey, Dewey, and Louie have fallen asleep! Oops. Uncle Scrooge sighed then decided to turn his three (not-so-little) ducks on the personal finance blogs so that they can learn the same lessons that ol Uncle Scrooge is trying to teach them.

image source: wikipedia.org & about.com