My parents taught me to save for major purchases and to not use credit for any purchases that I cannot afford pay off at the end of the month. There best advice was to live well within my means, because of this I keep my expenses very low.
I learned what not to do financially from observing my parents.
yes by example
My father made a box with cubby holes and labeled each one with the monthly bills he had to pay. Then when he got his pay he would put each amount so that he had the money available when payment was due.
I found out on my own. Did not grow up around of people with money.
The only thing I ever really learned from my parents about money is that credit cards are a bad idea. They had to file bankruptcy at one point, and I remember my dad talking to us about the pitfalls of living above your means and how bad credit cards are. Everything else, I had to learn myself.
Nothing
I'm learning myself. I started by reading finance books.
We never had money or credit, we lived from cash to no cash!
Yes
Parents are terrible…
Some times by good examples and some times bad examples
Some times by good examples and some times bad examples
Interesting point because my mother taught me what not to do just from observing her.
No, put I am teaching my children now. They both h mutual funds and a savings account at 18& 20
I learned what not to do from my parents. I'm doing things differently with my children.
No, all my mom ever told me to do is save money.
Nope. Learned on my own but they did start me off with a savings account.
My parents taught me to save all my coins in a large sealed can and not open it until full. Then I could buy something with the money I saved, or put that away in my savings account and wait until it grew and buy something more valuable.
Taught me to have a savings account, but not much else. Had to learn on my own.
Mine never taught me about money
No mine did not, all my mother said was to save at least $5 from your paycheck to start and increase as you earn more and can pay your bills, of course the interest rate at that time was 5% (if that tells you anything). My dad believe in paying with cash as much as possible and saving for a rainy day. Everything else I have learned in through reading books and trial and error. More errors than trials.
They definitely should teach more real life skills in school.
I agree about that.
Justice I was 16
Sure. "Raising you isn't free, so you're essentially obligated to be our slave labor."
The lessons only got better from there.
A little
