Comments on: My Parents Taught Me About Personal Finance http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nathan Gurley http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-12213 Nathan Gurley Mon, 01 Dec 2008 22:45:07 +0000 http://moneyning.com/?p=1572#comment-12213 Great article and blog! Congratulations on doing it full-time. A caller on talk radio the other day said he gives his kid a small allowance and deducts from it when agreed upon responsibilities aren't met. I was thinking of trying that with my daughter who makes 13 tomorrow. We'll see how it goes. Great article and blog!

Congratulations on doing it full-time.

A caller on talk radio the other day said he gives his kid a small allowance and deducts from it when agreed upon responsibilities aren’t met. I was thinking of trying that with my daughter who makes 13 tomorrow.

We’ll see how it goes.

]]> By: Me Financially Free http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11664 Me Financially Free Mon, 10 Nov 2008 23:35:06 +0000 http://moneyning.com/?p=1572#comment-11664 I wish that I had the privilege of experiencing such a profound upbringing. Yet, there is a hint of poetic justice in learning how to become financially free from scratch. It's like the difference between making a cake from a box or from scratch. I'm glad that your philosophies are in line. Hopefully, I'll get some good advice from your words. Caleb www.mefinanciallyfree.blogspot.com I wish that I had the privilege of experiencing such a profound upbringing. Yet, there is a hint of poetic justice in learning how to become financially free from scratch. It’s like the difference between making a cake from a box or from scratch. I’m glad that your philosophies are in line. Hopefully, I’ll get some good advice from your words.

Caleb
http://www.mefinanciallyfree.blogspot.com

]]> By: Marsha http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11652 Marsha Mon, 10 Nov 2008 14:34:36 +0000 http://moneyning.com/?p=1572#comment-11652 I just don't understand why we don't teach kids in schools to handle personal financing. If we knew then what we know now - my god, we would be in a better spot. http://texasloanoptions.com/unsecured-small-business-loans-fort-worth-tx/ I just don’t understand why we don’t teach kids in schools to handle personal financing. If we knew then what we know now – my god, we would be in a better spot.

http://texasloanoptions.com/unsecured-small-business-loans-fort-worth-tx/

]]> By: David http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11546 David Thu, 06 Nov 2008 03:19:10 +0000 http://moneyning.com/?p=1572#comment-11546 Good article. When I first clicked on it (at tipd.com), I was thinking "I didn't learn that much from my parents", but after reading your article, I learned that they taught me much more than I realized. Going through hard times as a child has definitely been motivation to not go through that as an adult. Again, nice post. Good article. When I first clicked on it (at tipd.com), I was thinking “I didn’t learn that much from my parents”, but after reading your article, I learned that they taught me much more than I realized.

Going through hard times as a child has definitely been motivation to not go through that as an adult.

Again, nice post.

]]> By: Kevin @ The Money Hawk http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11526 Kevin @ The Money Hawk Wed, 05 Nov 2008 20:18:36 +0000 http://moneyning.com/?p=1572#comment-11526 Great story. The greatest impact on people's finances and chances for success are going to come from parents early in life. It gives you a head start. That's why I try to teach people to pass on the skills they learn and acquire to their children so their children have a chance to acquire even more success than them. Great post. Great story.

The greatest impact on people’s finances and chances for success are going to come from parents early in life.

It gives you a head start.

That’s why I try to teach people to pass on the skills they learn and acquire to their children so their children have a chance to acquire even more success than them.

Great post.

]]> By: Oblivious Investor http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11519 Oblivious Investor Wed, 05 Nov 2008 18:19:56 +0000 http://moneyning.com/?p=1572#comment-11519 Could not possibly agree more strongly: Parents play the biggest role in teaching children about money (whether they like it or not). Our education system (in the US) obviously doesn't do a darned thing in that direction. So it's essential that parents pick up the slack. Like you, I was fortunate enough to have parents who saw the importance of educating me about money. Could not possibly agree more strongly: Parents play the biggest role in teaching children about money (whether they like it or not).

Our education system (in the US) obviously doesn’t do a darned thing in that direction. So it’s essential that parents pick up the slack.

Like you, I was fortunate enough to have parents who saw the importance of educating me about money.

]]> By: marci http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11502 marci Tue, 04 Nov 2008 16:43:20 +0000 http://moneyning.com/?p=1572#comment-11502 A tear jerker - but how appropriate for your first week of totally blogging for a living :) I believe that giving thanks keeps one humble and appreciation is as good to give as it is to get. Congrats again! Yes - sounded a lot like my upbringing, but without the mutual funds - we kids had just savings accounts, and half of all gifts (Christmas, birthdays) HAD to go into the savings accounts, as well as half of the first paychecks we brought home when we started working. It was a good lesson on savings! While we got a small allowance (altho 50 cents was a lot in those days) it was subject to being taken away in part if our chores where not done right, so we also learned to fulfill our obligations, and we learned about consequences of our actions. All good lessons. A tear jerker – but how appropriate for your first week of totally blogging for a living :) I believe that giving thanks keeps one humble and appreciation is as good to give as it is to get.

Congrats again!

Yes – sounded a lot like my upbringing, but without the mutual funds – we kids had just savings accounts, and half of all gifts (Christmas, birthdays) HAD to go into the savings accounts, as well as half of the first paychecks we brought home when we started working. It was a good lesson on savings! While we got a small allowance (altho 50 cents was a lot in those days) it was subject to being taken away in part if our chores where not done right, so we also learned to fulfill our obligations, and we learned about consequences of our actions. All good lessons.

]]> By: Matt @ MyFinancialRecovery.net http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11501 Matt @ MyFinancialRecovery.net Tue, 04 Nov 2008 13:45:23 +0000 http://moneyning.com/?p=1572#comment-11501 I think I had to learn most personal finance on my own. My parents did sometimes give me an allowance and from what I remember we lived pretty frugally but a lot of things came from other sources. I appreciate what my parents taught me but wish that they had also included: - How to balance a checkbook. - Some information on credit cards and how they work. - How debt can affect your life (my father was never willing to take on new debt for me, I did not understand why - of course then he did for my sisters lol). I think I had to learn most personal finance on my own. My parents did sometimes give me an allowance and from what I remember we lived pretty frugally but a lot of things came from other sources.

I appreciate what my parents taught me but wish that they had also included:
- How to balance a checkbook.
- Some information on credit cards and how they work.
- How debt can affect your life (my father was never willing to take on new debt for me, I did not understand why – of course then he did for my sisters lol).

]]> By: Melanie http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11488 Melanie Mon, 03 Nov 2008 20:29:27 +0000 http://moneyning.com/?p=1572#comment-11488 Parents don't realize the impact they have on us as children - They shape the way we deal with money! Parents today also don't realize that they are shaping how their kids will deal with money in the future - great examples you show here! Parents don’t realize the impact they have on us as children – They shape the way we deal with money!
Parents today also don’t realize that they are shaping how their kids will deal with money in the future – great examples you show here!

]]> By: Donny Gamble http://moneyning.com/frugality/my-parents-taught-me-about-personal-finance/comment-page-1/#comment-11487 Donny Gamble Mon, 03 Nov 2008 20:24:49 +0000 http://moneyning.com/?p=1572#comment-11487 I'm glad my parents taught me about personal finance at a young age too. I would definitely would not be financially where I am at right now. They taught me the value of saving my money and diversification. I’m glad my parents taught me about personal finance at a young age too. I would definitely would not be financially where I am at right now. They taught me the value of saving my money and diversification.

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