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Five Money Myths that Trip Up Homeschoolers by Carol Topp

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Five Money Myths that Trip Up Homeschoolers by Carol Topp, HomeschoolCPA.com

Myth # 2:  I Need …..

Truth:  Wants are different from needs

pileofbookswithpiggybank

It was on sale, so I bought it, sight unseen.

One of the basic principles of good money management is separating wants from needs. Do you think that you just have to have a certain item (whether you need it or not) just because another homeschooler has it? I heard a lot about a particular literature program from other homeschoolers, so I thought I “needed” it for my daughter.

It was on sale, so I bought it, sight unseen.  I also bought the second year literature set because it was “on sale” and I would “save” time and money (and I’d use it someday).

It turned out to be a big mistake. My daughter didn’t like it and neither did I. Now it is taking up shelf space until I can resell it…

Here are some tips:

  1. Don’t buy things sight unseen
  2. Don’t buy more than one year of a new text

I also fell victim to the next myth…

Watch for more Money Myths from Carol Topp coming soon!

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