Here’s what people had to say:
1.
My mom never taught me how to do a budget because she doesnt do one.
This led me to bad spending habits and massive credit card debt when I was younger.
She had so many cards.
And at the time I didn’t think anything of it, but now it makes me shudder.
Caylee, 34
3.
“My mom bought clothes off a website with a pay-later scheme and treated it like it was free.
Wed have a hundred dollars worth of clothes every week when we had very little money.”
May, 22
4.
I need to have some savings behind me for emergencies and for an occasional treat."
lucyt410579ade
6.
“I learned not to spend any money on non-necessities.
I want to be different because my parents were NOT poor.
They just wanted the money for their own things.
Ruby, 21
7.
“My mom was a single mom of three.
She ended up living with us in retirement.
She only got $630 per month in SSI.
I coupon and clearance shop and save our savings.
My husband and I have taught all 4 of our children the importance of saving and investing.”
“My biological parents each had steady government jobs and a very unhealthy relationship with money.
I am very determined to keep a balanced and stable financial life.”
Anonymous, 56
9.
“My parents always toed the line of living above their means.
Rose, 33
10.
“It’s on sale so we need it.
Impulsively buying something because it’s less money.
Then we’d never use it ever.”
“Both of my parents grew up in low-income households with multiple siblings.
Everything was communal and shared amongst all (even food).
The clearest example I remember was sharing a backpack and lunch box with my brother all through elementary school.
It wasnt until 7th grade that the school stepped in and said we each needed our own bags/lunch.
Its a process not to be so frugal.
Especially when I get paid well and regularly from my job.
Melanie, 29
12. some1anon1acct
13.And finally, “I don’t use credit cards like my dad did.
If I can’t afford it, I don’t buy it.
I’m not talking about basic life necessities.
On the other hand, I’m not as tight with money as my mom.
I’m not in debt other than my house, and I have enough savings for a rainy day.
While I’ve worked hard for it, I also realize I’m incredibly lucky.
Lots of people work hard but they still live paycheck to paycheck.”
