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Discussion 1: Anthony Kelley
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Anthony Kelley posted May 5, 2020 7:31 PM
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Many American's myself included, find it very hard to make fiscally responsible decision for the future. We have all done it, just like the gentlemen in the movie clip, you get money in your hands and you're just itching to spend it. Had that money been put away in an interest earning bank account, or invested like the film actor suggested in a much larger plan to grow their money, the feeling of satisfaction is much longer. As an adult, I still am not the best with money, it drives my husband nuts. I came fro a very affluent home where I bought what I wanted from where I wanted and when I wanted and my Credit Card was magically paid off at the end of every month, so I have learned the hard way that there is no magic credit card and what I buy now, I regret later. Had I taken even half of my allowances growing up and put it into investments or a bank account, I would be well off today. I honestly think a lot of how America is with money is how they are raised, nature vs. nurture. People who are brought up in lower or middle class families tend to appreciate their money more and do tend to invest and save, the same goes for the elderly who grew up in a different time than we did. The government is a whole other tangent, and I can be 100% honest when I say I know NOTHING about politics or policies, country deficits, etc. I only know what I hear my husband rant about. LOL I do feel like government money is mismanaged, had the current president kept the CDC task force and not cut it to develop the space program we may not have had such a bad pandemic as we have. Of course this is just my personal opinion, but I think as a nation we overspend on a lot of things and under-spend on important ones.
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Jazzline Golfin posted May 4, 2020 11:38 PM
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After watching the video clip from A Knight’s Tale, it becomes pretty clear how humans react when given a choice of consumption now or for the future. The clip provides a pretty accurate description of how money given to someone can be used in multiple ways. I know that I personally have made some extremely poor decisions when it comes to saving versus spending in the past and it can really be used as a good example of what not to do when you get out of school :) As for the government, if they choose consumption today when it comes to funding unlimited wants of all of us, that could probably be a terrible decision and wont probably have the best outcome. I think the government really has to take into consideration a lot of different factors when making decisions especially some of the most recent made regarding tax cuts.