Festival of Under 30 Finances No. 10

Welcome to the tenth edition of the Festival of Under 30 Finances!

We here at *Tired but happy* are enjoying our last few weeks of being under 30, especially when there's such great writing aimed at this demographic. After receiving an overwhelming number of submissions, I eliminated those that, while useful, didn't seem targeted toward twenty-somethings or people just beginning their careers. I accepted one post from each blogger, and tried to avoid including posts that had been submitted to multiple carnivals.

This week's question was,
When you talk about your financial goals with people who are over 30 (your parents, coworkers, other bloggers, etc), how do they react?

My answer is here. I've given special preference in the Festival's arrangement to participants who answered the question. Their answers and their Festival submissions are at the top, followed by everyone else's posts in the order that I received them.

Without further ado, here's the Festival. Enjoy!

Sarah of There's No Money in Poetry says: "My parents are very impressed by my financial goals. They didn't start saving for retirement until recently so they are very proud that I started early and have already accquired a significant sum. However, when I first opened my Roth IRA after college, they thought I was crazy since retirement was so far away for me."
Sarah's Festival submission is Roommates: Can't Live With 'em...

Jeremie of eFIPO says: "They react with a positive tone, but you still feel like a kid sometimes. They like what you have to say but they sometimes ask questions like your still a kid. That's just me though and i'm 23!"
Jeremie's Festival submission is Being 20 with no money.

Thatedeguy of A Penny Saved says: "I think that more often than not, people who are over 30 look at my financial goals as being overly ambitious. Maybe it's a difference of culture? Or maybe I am overly ambitious? ;)"
thatedeguy's Festival submission is Free laptop deals: Hoaxes?

Kira of Penny Foolish says: "In general, when I talk about my goals with (inevitably older) people, they seem to be really impressed that I am thinking about my goals at such a young age, and they wish they had thought about it earlier. Except for the few who say that retirement planning is for when you're older - but one person who said that to me has no 401(k), so I take it with a grain of salt."
Kira's Festival submission is: Spam that saves you money!

Erik of Money Crashers: "It is a mixed bag with the reactions that I get from friends and family members about my philosophy on money. I hold to a strict anti-debt philosophy, so many people think that I am crazy. Apparently, it is crazy nowadays to pay for something with actual money. I always find it hard to give advice to my parents or older friends/siblings, because they have the "powdered butt" syndrome. They think that since they powdered my butt when I was little, that I don't know what I am talking about when it comes to money."
Erik's Festival submission is Credit Card Companies Educating The Youth About Personal Finance.

English Major of An English Major's Money dedicates an entire post to answering my question. She says, "My parents are both impressed by my knowledge and attempts at responsibility and, it often seems, faintly regretful that I need to know these things."


Wenchypoo presents Income vs. Savings posted at Wisdom from Wenchypoo's Mental Wastebasket.

Jimmy Atkinson presents 102 Personal Finance Tips Your Professor Never Taught You posted at Ask the Advisor.

David B. presents Power of Compounding Interest posted at How Do People Get Rich?.

Erek Ostrowski presents Getting Out Of Debt (Part 2) posted at Verve Coaching.

Trent presents Setting Intermediate-Term Financial Goals posted at The Simple Dollar.

makingourway presents What is the most important insurance for young people? posted at makingourway.

Angela Randall presents The 5 Lessons a Millionaire Taught Me posted at AngelaRandall.com.


Don't forget to submit your posts about money for the under-30 crowd to the next edition of the Festival of Under 30 Finances.