Everyone has a very different perspective on money, and a lot of it is shaped by what our parents taught us.
My family was very religious, and this is what I was taught:
- Live frugally to the point of virtuous self-sacrifice (always buy home brand/specials/second hard, avoid discretionary spending, always bring lunches, etc). Extravagance or wealth = bad and selfish.
- Get a uni degree and stay loyal to your employer
- Buy a house (ASAP, cheapest you can find, pay mortgage as fast as possible)
- Donate lots of money to charity
- No guidance re. investment or retirement
I (25F) am preparing to buy a house with my partner, meaning lots of financial reflection! I realised that I’ve learnt many helpful principles, but that money is mostly associated with guilt for me. I need to work on developing my own financial goals and beliefs.
Anyway, I’m really interested to hear what principles your parents taught you financially! Have you stuck by their guidance, or branched out to other beliefs and practices?
Submitted October 19, 2023 at 10:34PM by ilagnab https://ift.tt/qOmFDdu
