https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/ Make More. Save More. Live Better. Tue, 10 Nov 2015 03:50:25 +0000 hourly 1 https://wordpress.org/?v=6.6.2 https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-24288 Tue, 10 Nov 2015 03:50:25 +0000 http://www.youngadultmoney.com/?p=20039#comment-24288 lifeandabudget Ack. My mom just asked me what I wanted for the holidays, and I had to firmly tell her not to buy me anything. Old habits die hard. I appreciate everything my parents have done for me, but I hate that they felt the need to ‘spoil’ me growing up.

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-24286 Tue, 10 Nov 2015 01:53:42 +0000 http://www.youngadultmoney.com/?p=20039#comment-24286 Everything I’ve learned from my parents about money, unfortunately, has fallen on the “what not to do” side of things.  My experiences were very similar and my mother incurred a lot of debt as a single mom to lavish me with a bunch of things I really didn’t need.

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-23521 Wed, 26 Aug 2015 02:33:28 +0000 http://www.youngadultmoney.com/?p=20039#comment-23521 Jason @ The Butler Journal I find that to be a really powerful motivator, too. We can definitely learn what path we DON’T want to take from what we experienced in childhood. That’s why I have such an adversity to consumer debt. I don’t plan on having kids, but if I did, I certainly wouldn’t want them to experience the stress from lack of money that I did.

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-23520 Wed, 26 Aug 2015 01:35:27 +0000 http://www.youngadultmoney.com/?p=20039#comment-23520 To be honest my parents split up when I was 10. My mother worked her tail off to make sure my siblings and I were taken care of. She also set up accounts for us at the Credit Union when we were kids as well. My dad has times where he worked and didn’t work. Once he got a job it was very low paying. I’m the opposite of him. I’m working and doing side hustles. When I decide to have children I don’t want them to have to go through what I went to.

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-23519 Tue, 25 Aug 2015 20:58:34 +0000 http://www.youngadultmoney.com/?p=20039#comment-23519 Financial Tour Guide Yep, all those are good reasons to avoid consumer debt. Great job at staying debt free for the past five years outside of your mortgage!

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-23518 Tue, 25 Aug 2015 20:02:11 +0000 http://www.youngadultmoney.com/?p=20039#comment-23518 Strongly agree with #4.  Debt is disastrous on so many levels.  Whether it’s the monthly payments, the interest expense, the impact on your savings, etc.  I try to avoid debt at all costs.  For the past 5 years, my wife and I have been able to limit ourselves to mortgage debt only.

]]> https://www.youngadultmoney.com/financial-lessons-i-learned-from-my-parents/#comment-23514 Tue, 25 Aug 2015 17:30:28 +0000 http://www.youngadultmoney.com/?p=20039#comment-23514 Christina@EmbracingSimple That’s great! I imagine you learned a lot from them and I’m sure many millennials can relate to being in that situation. A lot of my friends are there! It always helps to work as a team and be on the same page.

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