I am from an era where phrases like “Waste not, want not,” “A penny saved is a penny earned,” “A stitch in time saves nine.” are often used by my parents. These don't work on my children anymore as they are pushed by peer pressure to own the next best thing their friends currently own.
So, is there a solution to this financially draining dilemma that I am sure many doting parents of today are facing? I am not going to crack my head on this one for the moment. Let me see if Ramit Sethi is ready to tackle this issue as, afterall, he did ask in this video, "What do you want to learn about in the last 2 months of 2009?"
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