Best and worst

iVillage Member
Registered: 11-14-2008
Best and worst
14
Thu, 08-20-2009 - 12:34pm

What is the best and worst money habit you learned from your parents?

Best: from my father, get an education! You can pay for it eventually and it will pay in ten fold back. And no one can ever take it away from you. Plus always have a bit around for a rainy day.

Worst: from my mother. Ostrich factor--In my first marriage I let my husband take care of all the bills and taxes etc. Just like my mother before me. Unfortunately my ex was nothing like my father. Wow was that ever stupid. My ex was(is) a compulsive spender with an over inflated sense of entitlement. I have corrected this habit in my self. I know what is in all of my accounts, what things are worth, when things are due(and I actually pay them) and financial goals and dreams now.

I am sorry. I am having a bad ex day. LOL!


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iVillage Member
Registered: 10-01-2008
Thu, 08-20-2009 - 1:07pm

The best from my parents:

Norma


"Patience is the best remedy for every trouble"- Plautus


Avatar for skinny42
iVillage Member
Registered: 06-12-2003
Thu, 08-20-2009 - 1:27pm

From my mom: Pay off those credit cards IN FULL every month. I obviously have not always followed this advice.


From my dad: You should never skimp on tires or a mattress. He was right.

iVillage Member
Registered: 04-10-2003
Thu, 08-20-2009 - 2:33pm

Ooooh fun question:


Best: From both


Bex -

iVillage Member
Registered: 08-02-1998
Thu, 08-20-2009 - 2:45pm
best money habit from my Mom - save up until you can pay for it. (my parents first 2 homes were done without mortgages)
worst money habit - none from my parents - picked up the credit card habit on my own. but am much better with the save until you can pay for it now.




iVillage Member
Registered: 11-14-2008
Thu, 08-20-2009 - 2:57pm
Bex I hear you. It sounds like our moms are very similar. My mother has never claimed bankruptcy but oh my, she should. I don't even know who is stupid enough to give her credit any more. A lot of robbing peter to pay paul I think. I really hate those guys! I love her but dear oh dear is she in denial. She is the deserve it, need it when she doesn't and it's on sale queen!

iVillage Member
Registered: 04-10-2003
Thu, 08-20-2009 - 3:15pm

Lol my mom is the same! Although I will admit, it took a long time to recognize that a lot of her problems were caused by depression (its not an excuse I know, but its definitely a contributing factor). Although some of the things she did were just crazy (she once emptied out my bank accout of the money I had saved


Bex -

iVillage Member
Registered: 07-15-2008
Fri, 08-21-2009 - 7:00am

From my Dad: to get an education and to live within my means.


From my Mom: not much, she was always real secretive with it.

iVillage Member
Registered: 08-24-2007
Fri, 08-21-2009 - 8:03am

Interesting question.


The best thing I learned from my parents is to live within years means and not try to keep up with the Jones'.


My parent's didn't discuss money with the kids, except to complain that we didn't have any or to deny any requests for items by saying "We can't afford it".

Kate


empty purse

iVillage Member
Registered: 08-24-2007
Fri, 08-21-2009 - 8:07am

Wow, Bex, I'm suddenly really grateful that both my parents have pensions.

Kate


empty purse

iVillage Member
Registered: 08-04-2008
Fri, 08-21-2009 - 10:04am

My parents are about like Bex and GSL -


Good was the question "what college are you going to?" not "are you going to college?"




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