TravelingGal
Super_Ideal_Rock
- Joined
- Dec 29, 2004
- Messages
- 17,193
Good tips ladies!Date: 4/6/2009 4:40:27 PM
Author: mela lu
oh dear. Here we go.
I seem to have tuned into my ethical chords lately.![]()
My parents made my brother and I get a paper route at the ages of 8 and 10. My dad accompanied us on the route during delivery AND collection.
When we got paid, they made us give them 10% of our earnings, which went into savings.
***
When I got older, and needed to pay for University, get this....I worked at a bar at night and I would HAND OVER ALL MY TIPS to my mom at 4am when I got home. I learned how to live off of my ''minimum wage'' paycheck, while my Mom banked all my tips.
I did this throughout university, and managed to pay for everything. I came out debt free!
***
In both situations, I was docile enough to let my parents guide me through these money saving tactics because I knew I couldn''t do it alone. These would not have worked had I have been a rebellious child.
I always thank them for both of these scenarios, as they ABSOLUTELY taught me strategies for saving, and how to live within my means while working towards a goal.
FWIW. this was before the days of Credit/Debit Cards. I the first step in learning the value of a dollar is NOT TO USE CREDIT for anything!!!!!!!
Cash in hand is the biggest reality check there is.
Date: 4/6/2009 6:19:55 PM
Author: dreamer_dachsie
Well I learned the value of a dollar by being raised poor!So all you have to do is raise your child is assisted housing and live on 15000 per year. Then Amelia will be so motivated to have a better life she will get a PhD and support you in your old age! haha![]()
j/k. Good idea to think about it now, it is so important.
Date: 4/6/2009 5:55:15 PM
Author: MC
[ . . .]
Oh, and I hope I can properly teach them about credit cards. Sometimes I worry because they may see my debit card and equate that with ''charging,'' and later, as they grow older, think that it''s normal to use only plastic to pay for things.
Date: 4/6/2009 9:05:21 PM
Author: Haven
Date: 4/6/2009 5:55:15 PM
Author: MC
[ . . .]
Oh, and I hope I can properly teach them about credit cards. Sometimes I worry because they may see my debit card and equate that with 'charging,' and later, as they grow older, think that it's normal to use only plastic to pay for things.
My mom used her debit card all the time when I was growing up, but I always thought that meant it was coming out of her checking account, but I have a totally valid reason for thinking this: her name is Deb, so I thought she was saying 'Deb-it' as in 'Deb will pay for it.' I thought my dad had a 'Dave-it' card, and that one day I'd have a 'Lori-it' card, which I always thought sounded kind of funny. Ha! Anyway . . .
Date: 4/6/2009 9:05:21 PM
Author: Haven
Date: 4/6/2009 5:55:15 PM
Author: MC
[ . . .]
Oh, and I hope I can properly teach them about credit cards. Sometimes I worry because they may see my debit card and equate that with ''charging,'' and later, as they grow older, think that it''s normal to use only plastic to pay for things.
My mom used her debit card all the time when I was growing up, but I always thought that meant it was coming out of her checking account, but I have a totally valid reason for thinking this: her name is Deb, so I thought she was saying ''Deb-it'' as in ''Deb will pay for it.'' I thought my dad had a ''Dave-it'' card, and that one day I''d have a ''Lori-it'' card, which I always thought sounded kind of funny. Ha! Anyway . . .