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Free Money Finance March Madness, Sweet 16, Posts 13-16

Here's the third round of Free Money Finance March Madness (if you wonder what's going on in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to read all the posts involved in this subject.) I've listed each "game" (one post versus another) in segments along with the wording provided by the author when the post was submitted. I've also listed a keyword(s) after each post title to make it easy to vote (as a made-up example, you can just comment: Game 1 - Saving; Game 2 - Investing, etc.) Be sure to comment which one you like the best out of each set of two. Here we go:

GAME 7

  • Lessons Learned from Diet Books: How to Think Like a Rich Person (Lessons) - Some people are rich, and some people are thin: what are they doing right? Using a best-selling diet book as inspiration, this post lays out 8 personality traits that can make it difficult for you to manage your finances, and suggests ways to combat these self-defeating traits. There are many ways in which dieting and saving money are analogous but I think these 8 points really get at the heart of why many people have trouble succeeding in each area.

VERSUS

  • A Penny Saved is Worth More Than a Penny Earned (Penny) - One of the most important financial concepts that people can learn is that a dollar saved is more valuable than a dollar earned. This is because money saved has already been earned, taxed, and has the potential to grow through compound interest. New earnings are at a disadvantage because they must be worked for again, are taxed, and because the time value of money and inflation work against future earnings.

GAME 8

  • How I Taught My Preschooler the Value of a Dollar (Dollar) - It's important to teach young children about hard work, saving, and spending.  In a quite accidental way, I used a chart system to teach my son the value of money and hard work.  If you teach your children about delayed gratification early, it will have a positive effect on their money management skills throughout life.

VERSUS

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Penny
Dollar

Penny
Dollar

Game 7 - Lessons
Game 8 - Dollar

Lessons
Dollar

Game 7 - Lessons
Game 8 - Children

Penny
Dollar

Penny
Children

Lessons
Children

Lessons
Children

Lessons
Children

Game 7 - Lessons
Game 8 - Dollar

Game 7: Penny
Game 8: Children

Lessons
Children

Lessons
Children

Lessons
Dollar

game 8 dollar

dollar

dollar

7- Lessons
8- Children

Lessons
Dollar

Penny
Dollar

Lessons
Children

penny
dollar

Penny
Dollar

Lessons
Dollar

Dollar!

Dollar

Penny
Dollar

lessons
dollar

Lessons
dollar

Lessons
Dollar

lessons
dollar

Penny
Children

Voting for this round is over. The winners are:

7 - Lessons
8 - Dollar

lessons
children

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