59 | How My Parents Influenced My Relationship With Money

In this episode of Money Files, I sit down with my mom to talk about how her early experiences with money shaped how she taught my siblings and me about finances. My Mom got her first job very young and used her paycheck to save for new school clothes. Her commitment to saving has remained constant throughout her life. We also discuss how my journey with money began. I remember always hearing the word “budget” at home. When I got my first babysitting job, I worked hard to grow my young business and save. The foundational principle of putting money aside for a rainy day led me to get my first bank account and start making my own purchases. As I talk with my Mom, it becomes evident that my parent’s dedication to saving influenced my financial choices from a young age. Finally, my Mom and I touch on the intentional sacrifices my parents made to support my siblings and me. I ask how they decided what to spend money on and how those spending boundaries were formed. Learning about the similarities between my mother’s relationship with money and mine is interesting. I hope you enjoy our banter as my mother and I reminisce about my childhood and our money memories. I also encourage you to have a discussion with whoever your biggest financial influence was as a child to see how those early conversations have shaped your feelings about money. In this episode, I speak to my mother about… [01:42:00] What was your experience growing up with money? [00:04:07] Is (the importance of saving) what you took away from the lessons learned as a child when it came to managing money? How did that shape how you handled money as an adult? [00:07:29] You and daddy got married in 1975. What conversations did you guys have about how you wanted to manage money? Tune in to this episode of Money Files as I sit down with my Mom to talk about how her early experiences with money shaped how she taught my siblings and me about finances. Get full show notes and the episode transcript: https://wealthovernow.com/how-my-parents-influenced-my-relationship-with-money/ Links mentioned in this episode… Set up a call | Financial Coach Washington, DC | Wealth Over Now 2023’s Biggest Question: Why Do You Want To Be Rich? - Wealth Over Now Masterclass:  Three Keys to Drama Free Spending