Given that money matters are hardly taught at school at all, much of people’s financial knowledge comes from their parents. Given that I grew up in an apartment smaller than the one I live in now with just my wife, I learned quickly the value of money and not to waste things. At the same time, I also resented at times not being able to have what the other kids had when growing up.
But now, I see that being taught to live within your means and to have to work for what you get is infinitely more valuable than simply being given whatever I wanted. While I try to be more financially successful than my parents (as they want as well), I hope that I can pass these same values on to my own children. On that thought, I say – Thanks Mom (and Dad)!
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amen
That’s a good message.
hey,
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My mom always told me “if you don’t have cash for it then you can’t afford it”. Even now with the several credit card that I have, I still use cash. I’m sure the credit companies are not so happy giving me those card way back when.
You bring a very point, money matters are hardly taught at school. The current saving rate is extremely low and students are highly indebted. It would be a great service to the nation (but not the credit card companies) to better teach students about financial responsability.
How do you teach values?
By example?