College money all at once or allotted over time?

I received a very interesting question from a reader this week. Marsha asks:

If a child has money given to them for college, should it be
literally given to them, or slowing allotted to them? Please explain the
answer. Seeking wisdom….

Well, I’m not sure if I would be considered wise or not, but I certainly have an opinion and here’s what I would do:

I would allocate it over time. As I read your question, the wisdom of Luke 16:10 came to mind:

Luke 16:10 – “Whoever can be trusted with very little can also be trusted with much.”

We see what we want to see

For most of my adult life, I thought credit cards, debt, and living paycheck to paycheck were the norm. I lived on this assumption not because I actually knew it to be true, but because I wanted to make myself feel comfortable. I wanted to justify my way of living. I enjoyed having stuff and buying things when I wanted to. I enjoyed deciding that I wanted something now and just going and buying it. At the time, the pleasure was greater than the pain. At some point though, the pain will surpass the pleasure. That finally happened to me.

Do the work that you love to do

When I was eleven years old, I was exposed to my first computer. I loved working on it, entering complex instructions and seeing the computer do what I had told it to do. I drove my Dad nuts until he finally gave in and bought me one of my own. I cannot even imagine how many hours I spent programming that computer, but I would suspect it just might be one of the best investments my father ever made.

How to find out if you can afford something

If you gotta ask, you can't afford me

My wife and I found a another home we really liked while doing our house hunting trip over the weekend. The house is big enough and based on the limited research I did, the price looks right as well. The problem is that it’s above what we had planned to spend for a home.

We spent the evening discussing the house and whether it was something we really wanted or not. Most of our conversation centered on one topic: Can we afford it? This is an easy question to answer, but far more difficult to answer in many cases, especially for higher priced items like cars, homes, etc. This is also a question is a topic that comes up in our household frequently. We even had this same conversation concerning our trip.

Sunday Lyrics – Stained Glass Masquerade

My all time favorite contemporary Christian group is Casting Crowns. They have mastered the ability to combine powerful and meaningful lyrics with wonderful melodies. Their sound is unique and it would seem every song they record is a hit. There music has been a true ministry in my life and really serves to make sure I’m living my life in the way Christ wants me to.

Stained Glass Masquerade is a song that reveals the truth about the life many Christians unfortunately regularly live in. Read the lyrics below and you’ll see what I mean. You can also listen to the song on YouTube.

Once again looking for guest posts

Photo by: Orin Optiglot

I’m once again looking for guest posts as my queue is empty. Each Saturday I like to host a guest article from other bloggers to both give my readers a little variety and to give other blogs some visibility, especially new ones.

If you’re interested in having your article featured on Gather Little by Little, please contact me. I’m not real picky and am interested in articles on personal finance, Christianity, personal development, and frankly lots of other topics. So drop me a line and let me know the topic you’re thinking about and I’ll get you scheduled.

The Friday gathering – House updates edition

Failure number 2 occurred last week in our house hunting adventure. I sure hope this isn’t a sign of things to come. I know many of you have been following our progress and wanted to provide you with an update.

The first house, the foreclosure, didn’t work out as the selling agent just stopped returning our calls. I really think this was a blessing in disguise, as the more I’ve thought about the house, the worse it was.

Sales of SPAM on the rise

As food prices continue to rise, consumers like you and I are constantly on the look-out for ways to trim our spending. As a result, sales of Spam are also on the rise. Regardless of how you feel about SPAM, it is cheap costing on average $2.62 per can.

Sales of SPAM (the canned meat, not the unsolicited email) are rising as consumers turn more to lower-cost foods to extend their already stretched food category in their budgets.

Credit Card Nightmare – Literally

I had the weirdest nightmare the other night. We’ll hopefully be moving soon and our two dogs (a golden retriever and Pomeranian) will be moving with us. I guess I must have been thinking about that in the back of my mind as I had a dream about it.

I dreamed that I went to the local pet store to purchase plastic pet carriers for our dogs. I used cash. I returned home to find that the one I purchased for our Golden Retriever was too small and returned to the store to purchase a larger one. Here’s where the dream turned into a credit card nightmare.

You can't save your way to prosperity. You can't?

While in a conversation at work the other day, the statement was made “You can’t save your way to prosperity.”  This is an old saying that I’ve heard before, but to be honest had forgotten about. The saying caught my attention and my immediate reply was “Really? I think you can.”  We didn’t get in a big conversation about it, but it did made me think.