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Quote by Elizabeth Warren

“I can remember riding in the car with [my daughter] Amelia, when she was very small, and we'd talk about money the same way we'd talk about sparkly shoes or what had happened at school.”

Quote by Elizabeth Warren

Author

Elizabeth Warren

Elizabeth Warren, born on June 22, 1949, is an American politician and academic. She serves as a United States Senator from Massachusetts, known for her advocacy in consumer protection and financial regulation. A prominent figure in the Democratic Party, Warren has made significant contributions to the field of bankruptcy law and academia. more

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“All three [of my grandkids] earn money around the house, and all three spend their own money. Now I've noticed that when they have to spend their own money on birthday cards, they have decided that homemade cards are so much nicer.”

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“Both [of my granddaughters] Octavia and Lavinia have May birthdays. I've just been birthday shopping with them. But the shopping has a budget. I say, "Okay, if you pick this out, then you'll have how much left?" I wait for them to do the calculation, and they'll say, "$18." And we stand there and talk about, hmm, is that sweater really worth that much? And the girls work it through.Doing that takes away some of the magic of money.”

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“There's a limit here. This is how far we go and we don't go further. And I also think by talking about [gifts] it that way, it avoids the unspoken idea that money is the expression of love.”

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“Money is bounded; we only have so much of it. Love goes on forever.”

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“Once kids get older, the list is longer. So here goes: Stay out of debt. Sometimes debt is necessary, to buy a home or to get an education, but not to buy a sweater or to eat out.”

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“If you have a choice between buying something and paying down your credit card, pay down your credit card.”

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“Get your money in balance. One rule of thumb is 50/30/20. Spend about 50% of your money on must-haves - things like rent, car payments - and about 30% on wants, while 20% should go toward savings and paying down debt.”

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