We want to know: What is the one financial lesson you *wish* your parents would have taught you?
Answer our weekly question on parents, teens and finances for a chance to win a $50 AMEX Gift Card!
that money does not grow on trees...lol
ditto, GREATFULMOM, that money doesn't grow on trees, LOL.
i grew up taking alot for granted.
my kids are at awkward ages, they sometimes think they can just snap their fingers and get whatever it is their heart desires. but i'm trying to teach a little humility esp with one in particular. the money logic is actually the easy part, IMO, LOL.
I learned the most from observing my grandfather and talking to him, although we did not talk often. He ran a medium-sized family business, and also managed all the family money, including for his three sisters. Then at a young age, I had a job running a small business. It gave me the opportunity to monitor costs, balance budgets, manage payroll etc.
I learned from an early age about how you need to work for your money and that money doesn't just grow on trees.
see, mom just added stuff like tampons, shampoos, other things we needed to her grocery list.
I really don't know of any. My parents taught me all about finances, budgets, saving, etc. I am surprised though by how much others have not been taught as so many people don't know what a budget it and how to make one.