Do you think you spend (or save) money the way your parents do?  What habits of theirs did you learn?  In what ways are you different?

In many ways I have similar habits as my parents.  However, I\'ve yet to pay for a car in cash, and they\'ve done that more than once.  But in general, I think I have similar views on money and how to manage it.

I hope that DD, too, will grow up respecting money and learning how to take care of it so that she doesn\'t get herself in money trouble at any point.

My parents were both never talked about money.  I never knew how much they had or why I couldn\'t have something.  I had no idea how to handle money when I left home.

Since I started doing books for both mine and dh\'s companys, I have a much greater understanding of where the money is going and how to curb impulse buys.  I do my books by hand with my kids a the dining room table.  They do their book work and I do mine.  They are 10 and 7, and I am very open with them about where the money comes from, what we have to spend each month on bills and what can happen if we overspend.  They have already learned how to read the general ledger and how to reconcille the statements at the end of the month.  Hopefully this will help them start off better than I did.

My generation used to think money grew on trees, this generation thinks it comes out of walls

Tracy

Post edited by: aroundtoit, at: 2005/08/28 09:31