We all only have a certain amount of money and that means yes, we have to make choices and sometimes those choices mean we don't get what we want.

The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.

There's nothing wrong with having a 9-to-5 job, but figure out a way to have another stream of income.

The sad thing is many people learn how to manage money after they've made a lot of financial mistakes, some that take decades to fix.

No matter who is in the White House, I just keep doing what my grandmother taught me. Hate debt. Save. The best any of us can do really.

My kids have to maintain good grades. They have to be involved in activities. They have to report to me how thing are going. I watch for any activity that would steer them wrong - drinking, drugs, etc. So their skin in the game is knowing the money won't be there if they don't do their part.

You don't need to waste money on a fancy program or app to do a basic budget. I've been using a simple Excel spreadsheet since 2005 to track my monthly budget.