A Mothers Ramblings: Golden Nuggets Of Advice

Thursday, 25 June 2015

Golden Nuggets Of Advice

One thing I will always be eternally grateful to my parents for is that they installed a strong work ethic into me. It wasn't a case of them forcing me to go and get a job, but they encouraged me to get a paper round when I was 13, that I shared with my sister and that soon developed into a Saturday job at the shop, and then an after school, before school (during school oops) job and eventually a part time job at the local city centre, which along with my regular babysitting gigs gave me a lot of cash.

This is where the financial advice started from my parents.

A Wallet of Money

My parents advised me to not spend all my money. I know, good advice right?

Actually, it was and the way they went about it made even more sense to me and I think is the way that I will hopefully teach the children in the future.

They requested that I give them some of my wages, it wasn't rent exactly more a case of paying my way. Helping me to know the value of the money that I was earning and of course spending on various items of junk (CD's, Clothes, Make Up, Lunch at M&S and everything else) that I no longer own! My current account saw a lot of action in those days.

Of course, even with giving my parents some of my wages, I also had to save for things I wanted and needed. Train tickets for work, my University course, a Car, my Wedding. It taught me quickly that the most important thing was having a place to live, having enough money to go to work, paying for bettering myself, for important events to me. Even now, Daddy and I use the same way to deal with our finances. We pay the important things, the mortgage, the utilities, we set aside money for the food shop, for petrol, for new clothes, School trips, vet bills and everything else that we want and need.

Actually, thinking on it, the children are already being taught this.

They each get pocket money each week, and they know that they have to save up for big purchases. They voluntarily save money up for family outings in our money jar. They put their change into the change jar, they know that if they want something that I've already purchased them (such as a fashion raincoat, when I'd got them a perfectly good one just a couple of weeks before) then they have to buy it, but only after they've paid for everything else!

A Piggy Bank full of Money

And I think it's working. I think the advice to not spend all their money, to save up for the important things, the things that they need and want is sticking with them and maybe one day when they grow up they'll pass this down to their children and before we know it every person in the world will pay for the important things first and save for the rest.

I was given vouchers from TSB for this post. Which will be spent on School Uniform. See practical to the end.