9 things we’re so grateful mom taught us about money
- “When I turned 18, and still lived at home while working my way through school, I was charged rent. ‘That’s how the world works,’ my mom said.” — Jack
- “As soon as I landed my first full time job, my mom sent me to see the investment guy at the bank to set up an IRA and automatic contributions. She didn’t start saving until later in life and she wanted to make sure I got an early start.” — Anne
- “Waste not, want not! Save before spending.” — @kshgoyal
- “When I was six years old, I saw a doll advertised on the back of a cereal box that I really, really wanted. It probably cost about $3.00. My mother said that if I saved half the cost from my allowance, which was only about $.50 a week, she would match it. Ohhh that seemed like a long wait, but I probably appreciated the doll much more than if my mom had just bought it.
- “Never spend the principal; live off the interest.” — Jim
- “My mother knew the value of a dollar, as she raised three kids using alimony and the pay from part-time jobs. ‘Never buy what you can’t afford.’ I’ve followed her lead on that, and pay my credit cards off every month.” — Jack
- “Never spend more than what you have.” — @boringfileclerk
- “I remember my mother always writing checks, and explaining to me when I asked that writing checks was the same as spending money, and you had to have the money in the bank if you were going to write a check.” — James
- “When we were a bit older, mom introduced “funny money.” Doing chores would earn us pretend cash (she used Monopoly money) and when we got enough we could exchange it for some real money and earn a trip to the local dime store to buy ourselves a treat.” — C.E.
Published May 21, 2015
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