0 Spend

Dad was a master teacher. I learned money management very well by age 14. I am much indebted to him for what he taught me. My avatar is a photo of a car I saved up for and paid cash. No time payments in our family. Dad has been in the cemetery for many years, but I thank him again.
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Neither of us were taught money management. He was pretty good at it naturally, I was not.
We were even worse at teaching our children about money. So far, three out of four have married someone who is good at money management. Keeping our fingers crossed as the one left is really really bad at it. His wife had better be good at it.

I wish we had taught them about money. But it seemed like we were just learning. So how could we teach them. When they were in college and got all kinds of credit card offers in the mail, what could we tell them? We didn’t dare have a credit card. So they had to learn the hard way.

My parents were very good at money, But didn’t teach me. In fact they kept me in the dark and dependent. His parents were horrible at money, but also didn’t teach, except by example. lol
One exception is that we were both taught to work. We both started working early.
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Remember ? what’s that.
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My parents fought constantly about money. My father gambled and my mother was using credit cards. I didn’t know any of this as a child though. I just knew they fought everyday.

When my friends had all moved out of Baltimore city/Pimlico because people were getting killed everyday my family was still living there. We eventually moved. When I was a teenager about 14 maybe my brother has left home and when he came back to visit he wanted to give me some money. So he decided he would give me an allowence since my parents didn’t.

My father decided to start what was called a Christmas club where you put a certain amount in the account every week and by Christmas time you have enough to go shopping. So I think my brother gave me 50 cents and my father was pushed into the other 50 cents. I had no use for money so i took it and started another account.

Then my father took me to the track and asked me which horses to bet on. I was always very intuitive so I picked every horse. My father gave me half of the winnings. Again I didn’t care about money so I put the money in the bank. So I was a teenager with about $500.

Then I got married at age 17 & saved my money for a house & did things the same way. One dollar at a time. Not being materialistic and being intuitive. We saved $6000 the first year. We bought a house and paid it off in less than 3 years.

Then all kinds of things happened in my life and I am looking at how crazy my finances are now as something I am doing to experience a different way of experiencing money. It has been overwhelming. I have become materiatistic, not paying attention to my intuition when it comes to money and no patience so I am the total opposite. I am like my parents even though I don’t gamble. I should probably see what the underlying subconscious beliefs are with a person who does what my parents did and once I understand myself I will probably be free of the problems I have now.
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I had an allowance and a piggy bank. I was told to save some and to save up for something I wanted. Cash was used in my home except house payments which my dad doubled up on and made sure the contract had no early pay off penalty. There was a difference between needs and wants My grandfather was an accountant for a mine and smelter company and always taught when investing money, you look at the money and ask yourself ” can I afford to lose this” if yes then invest. If you lose then you were willing to accep the loss and took the gamble, but you make a killing on the stock , well lucky you.
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I went to work on Friday nights after school and all day on Saturday. I was working as a clerk in a department store. I earned .60 an hour and 1/2 cent on a dollar commission. No one told me anything about money, and I thought I was rich when I graduated and started working for $50.00 a week which was a lot of money back then. I was working in an office and typing cards to go on cloth that was dyed in a bleachery.
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Me.

Think my parents were the best – if you wanted something you had to go out and earn the money to get it – made you appreciate what you bought & understand the value of money.
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I worked for my money. There was never very much of it. Management was required if I wanted shoes and a comic book both!! Necessity is the best teacher.
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I guess you could say I got a weekly allowance, although I didn’t think of it that way. Mom milked our cows and sold the milk. She gave me the milk money every week.
Out of it, I was expected to pay 25 cents for my school lunch every day and for piano lessons once a week, at $1.50 for 30 minutes.
The milk money varied, depending on how many cows we had fresh at the time. Sometimes it was around $5.00- and mom furnished the gallon glass milk jars, picked up the dirty ones, and delivered fresh milk.
Geez, she put in a lot of labor for that little bit of money. Wish she was here so I could thank her.
I’m not sure if that’s what caused me to be careful with money or what, but I am a very cautious spender and do not like debts.
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