The Money Talk

Avatar for cmpat
iVillage Member
Registered: 02-21-2003
The Money Talk
12
Thu, 10-28-2010 - 12:29pm

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!

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Avatar for cmpat
iVillage Member
Registered: 02-21-2003
In reply to: cmpat
Fri, 10-29-2010 - 4:17pm
Thank you for your feedback. "you don't spend what you don't have" is excellent advice for not only teens but all of us - ALL the time!
Take care.
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iVillage Member
Registered: 10-22-2009
In reply to: cmpat
Fri, 10-29-2010 - 4:13pm

This is like my dh he was working a job at 14, owned his own jeep befor his

iVillage Member
Registered: 10-22-2009
In reply to: cmpat
Fri, 10-29-2010 - 4:05pm
My 12 year old has always been this way not extreme but definetly thinks he should have whatever he wants...it is his personalty...he is a good boy but he is learning the hard way...you cannot have everything you want and you do have to work for it.

things come pretty easy for him in general...so this is something i work on very dilgently and ty to make this a learning experience every opportunity i get. B/c it is only going to be tougher as he gets into his adult years...
iVillage Member
Registered: 10-01-2010
In reply to: cmpat
Fri, 10-29-2010 - 12:01pm

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.

iVillage Member
Registered: 01-15-2006
In reply to: cmpat
Fri, 10-29-2010 - 11:26am

see, mom just added stuff like tampons, shampoos, other things we needed to her grocery list.

 

iVillage Member
Registered: 05-02-2006
In reply to: cmpat
Fri, 10-29-2010 - 10:21am

I learned from an early age about how you need to work for your money and that money doesn't just grow on trees.

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Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
In reply to: cmpat
Fri, 10-29-2010 - 5:56am

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.

iVillage Member
Registered: 01-15-2006
In reply to: cmpat
Fri, 10-29-2010 - 5:34am

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.

 

iVillage Member
Registered: 01-15-2006
In reply to: cmpat
Fri, 10-29-2010 - 5:24am

ditto, GREATFULMOM, that money doesn't grow on trees, LOL.

i grew up taking alot for granted.

 

iVillage Member
Registered: 10-22-2009
In reply to: cmpat
Thu, 10-28-2010 - 2:10pm
I think your suspicions are right...i was the baby.... and my siblings were all quite a few years older than i was. Good refrence when it comes to raising all four of mine...gotta teach finances to all of them... even if some of their baby books are speratic and others are detailed... ;)

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