I am participating in JLP’s Question of the Day Marathon, and today, it’s my turn to ask the question. Also, I have a free copy of The Big Money
While growing up, what were you taught about personal money management by your immediate family and surroundings (directly or by example, positive or negative), and how do these ideas factor into your life now?
Don’t forget to enter your email address (or website address) so I can contact you if you’re selected to win the book. I won’t use the address for anything else, I promise.
Updated February 6, 2012 and originally published August 21, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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I was taught very directly to save and ask myself if I really want to make that purchase, because it meant a sacrifice in something else that I may want down the line.
I also was included into the decision making about mutual funds because, even though I 14, I was better at math than my parents and they trusted me more with the numbers. This lead to me to invest in my own mutual funds, putting $50 a month away.
You could say that I’ve been very well brought with regard to finances.
I remember when I was a teen, my mother helping me set up a passbook savings account at a local S & L. I developed the habit of putting a certain amount of my weekly check into it, a habit I still have today. I think the measure of financial security I have today is directly attributable to this.
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