Comments on: How does your financial upbringing affect your stewardship today?

By: Friday Linkfest: Balancing School, Work, & Home Edition | beingfrugal.net

Fri, 07 Aug 2009 11:01:04 +0000

[...] How does your financial upbringing affect your stewardship today – Gather Little by Little [...]

By: Time Is Money, So How Do You Spend Your Day?

Time Is Money, So How Do You Spend Your Day? — Thu, 06 Aug 2009 05:57:24 +0000

[...] Gather Little By Little: Your Financial Upbringing and Your Stewardship [...]

By: chessiq

chessiq — Thu, 06 Aug 2009 01:13:58 +0000

There are things that we one can learn by example (that is, just seeing what is happening and follow suit), and there are other things that one needs details or explanations to do a good job. Working hard; not over-eating; not overspending; being even-tempered; these things you can see your parents do, and you can implement them in your own life. On the other hand, building a house; having a successful career; managing money (including saving less than you earn, earning more, tracking your money, interpreting what you see, investing money, etc); these things you need more details.
I think part of being a good parent or mentor or leader, is knowing the difference between being a good exemplar and being a good teacher.
Thanks for the post.

By: Peter Hall

Peter Hall — Wed, 05 Aug 2009 20:40:24 +0000

Good article, and i have something to say to all you readers out there. If you plan to open a small business or need a loan and have bad credit, go to Business Loans-Direct

By: YouTalk 411 » Blog Archive » How does your financial upbringing affect your stewardship today?

Wed, 05 Aug 2009 20:35:57 +0000

[...] the original post: How does your financial upbringing affect your stewardship today? Related [...]

By: Stew

Stew — Wed, 05 Aug 2009 18:53:44 +0000

Thanks, Gina.

Gholmes, you are correct in a sense, self-discipline is the greatest component of any healthy lifestyle. My parents taught me to be content without lots of things, but I never really learned how to have financial goals. I save money every month, but I never really knew how much. I spent money every month, but never really know how much. When my tastes and habits became more expensive, I almost did not realize it was happening.

By: Gina

Gina — Wed, 05 Aug 2009 18:12:10 +0000

PF is NOT common sense; it is a learned behavior.

This post hits a nerve for me. My mom was a single mom of 3 kids. Everyday she reminded us that there are the ‘haves’ and the ‘have nots’ and that we were the ‘have nots’. Even this week she made a comment to me about this. I told her I prefer to stay focused on changing my family tree and being a good steward with God’s money.

The good thing is that she raised us to not be quitters – I put myself through college and did not owe any money upon graduation. The bad thing is that I felt the urge to “keep up w/the Jones’ ” once I did start earning my own money. I am still paying for those financial mistakes 10 yrs later.

Today I am in such a better place than she was at my age. And I will teach my children how to manage God’s money better.

Thanks for the post Stew.

By: Gholmes

Gholmes — Wed, 05 Aug 2009 16:02:10 +0000

My sister and I are first generation college grads. Dad/Mom taught us about hard work and frugal. PF is common sense, spend less than you make, save, invest and give. Having the self discipline to do it is the tuff part.

By: Dan

Dan — Wed, 05 Aug 2009 13:31:47 +0000

My money upbringing was so poor, if I was inclined to blame my parents for everything I would blame them for my terrible financial situations in my 20s and early 30s. My father never talked to me about the importance of saving or not living beyond your means. In fact, he himself lived as a spendthrift, and encouraged me to borrow to fund my living in college. Although I knew I didn’t want to get into debt, I did anyway, starting a cycle I am still paying for, 20 year later.

I plan to teach my children better than I was taught with regards to money, avoiding debt, living withing a budget, etc.

By: Carrie

Carrie — Wed, 05 Aug 2009 12:47:04 +0000

I like this post, Stew. It’s a good reminder that we need to talk to our children more about our finances. we should lead by example but maybe stop along the way and explain why we are/aren’t doing certain things.