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A GRANDFATHER’S LETTER That is why we were so touched to receive, along with many hundreds of other smart tips from all around the province, a copy of a letter written by a grandfather to his granddaughter. He shared his advice and his experience with his granddaughter as she prepared to begin life as a university student, and was kind enough to share his letter with all New Brunswickers through the Smart Tips website. We have included some excerpts of it below… Getting the conversation started about money and financial responsibility is an important goal for New Brunswick families. It is imperative to situate the importance of money and learn how to manage it. It is not the most important thing in life, but a basic amount is needed. Having money for luxuries is fun, but not very important overall; having money for the basics of life is critical. It is important to realize that every dollar one has, or will have, comes from somebody’s work. Be very aware and wary of debt. It can easily become a problem. Financially, and otherwise, education is the best investment there is. Money matters vary with age. You will have to be extremely careful when signing leases, cable and internet contracts, and other necessities. Similarly you will have to be extremely strong about not lending money or paying more than your share in any relationship. When you’re starting out, you have to look out for yourself. Finally, in finances, everyone has to learn to make a budget. It simply consists of writing what money we will have each month, listing each expense, and determining what we will have leftover for optional spending. We can set this up so that we break even, or set aside a little bit for savings and unanticipated expenses. GRANDFATHER’S TOP SMART TIPS: sale


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