Apr 6, 2012

Finance Tip for The Everygirl

budget_money

Explore your money past.  What did your parents teach you about money growing up?  Were they savers or spenders?  How has your money past influenced your money present?  What are you current beliefs around money?  I encourage you to take 30 minutes today and just allow yourself time to think about these questions in detail.  This will help you better understand why you do the things you do with your money.

graphic by Grace Niu

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This post was contributed by Brittney Castro, CFP® professional and creator of www.FinanciallyWiseWomen.com.   Brittney Castro is not affiliated with TheEveryGirl.com. Brittney A. Castro is a registered representative with and securities offered through LPL Financial, Member FINRA/SIPC. California Insurance License #0F33895

  • http://www.facebook.com/brittney.castro Brittney Castro

    My parents taught me the basics about living within your means and saving.  However they did not know much about investing and how to really grow your money over time.  My hope is that I can help women of all ages learn more about money and become financially wise to live the life of their dreams

  • Kimberly

    My parents taught me to budget, save and live within my means.
    They weren’t very good with stock trading and funds, but luckily my husband is very good and I have focused on long term investments and stock.

  • Ksasek79

    My parents were savers, and never owned a credit card. My dad believed if you couldn’t pay cash for something, you really didn’t need it. With eight people in our family needs came first. It also helped that he was a master mechanic and could fix anything, even a blow dryer I had for an eternity. We never had repair men at our house. He did it all. His Splurge was Christmas, my mom said he loved playing Santa and anything on our list we got and then some. We had great Christmases. Imagine waking up and finding a bevy of bikes ranging from scooter, tricycles to ten speed road bikes. Extra money came from selling rebuilt car parts on Maxwell street and my mom was a wonderful seamstress, that money was used for vacations! My dad still managed to retire early at the age of 58. So my husband and I save, invest and only have two credit cards, his and hers, his for work and mine for emergencies. We were raised similarly so we agree on a lot of financial matters. Our splurge is Christmas!

  • Brooklyn

    My mother is an absolute genius with money however I didn’t learn how to handle money until I had none.  That has been the best lesson I’ve ever had.  Learning to get by with less has made me so grateful for what I do have as well as the importance of saving.  

    xo
    http://rueyou.blogspot.com/ 

  • http://www.atouchofhappiness.blogspot.com/ Nicola

    Unfortunately, not much!  I’ve only become more money savvy in the past few years and have made a few poor financial choices. But onwards and upwards I say! I now have a budget, a debit card instead of a credit card and am paying off debts as quickly as I can. 

  • http://betweenyourearsblog.com/ Caroline @ Between Your Ears

    My mom is a math teacher, so it’s safe to say she’s full of wisdom when it comes to money. She did not, however, pass on that innate understanding of numbers to me — I’m my father’s daughter, an English nerd, through and through. But, at an early age, she taught me that the only way to save was to set aside money at the beginning of your paycheck. So, every month, I put away a huge chunk of money into a savings account, and in four years after college, it’s allowed me to create a comfortable emergency fund and enough for a house down payment. I am so grateful for this lesson!

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