tag:blogger.com,1999:blog-9202349813437886946.post119023341147380077..comments2023-06-25T02:45:10.891-07:00Comments on Wide Open Wallet: Money lessons from my parentsMomhttp://www.blogger.com/profile/18326157395652878782noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9202349813437886946.post-19799467745662954652008-04-02T07:41:00.000-07:002008-04-02T07:41:00.000-07:00Future Millionaire: I plan to open an IRA for my ...Future Millionaire: I plan to open an IRA for my kids too when they get their first jobs. Hopefully I'm in a place where I can contribute to it for them to get them off on a good start.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9202349813437886946.post-47486142959510881392008-04-02T06:02:00.000-07:002008-04-02T06:02:00.000-07:00I don't know many parents who sit down and teach t...I don't know many parents who sit down and teach there children about finances. Althought in the case of my mom, I don't know if I'd want her to have sat down and taught me how to balence a check book - it probably would have gone something like, when when you bounce this check just don't return their call for 4 days and then you should be able to get an advance on your credit card so you can call them back and pay it.<BR/><BR/>If/when I have child I plan to sit down and teach them all about finances. I also plan to start them off on the right foot by starting a 529 and as soon as they get a job helping them to contribute to a Roth IRA."Future Millionaire"https://www.blogger.com/profile/17738830586803774903noreply@blogger.comtag:blogger.com,1999:blog-9202349813437886946.post-37778549365237593632008-04-01T18:35:00.000-07:002008-04-01T18:35:00.000-07:00Great story. My parent's frugality definitely wore...Great story. My parent's frugality definitely wore of on me. Even though my wife and I can afford a more lavish lifestyle, I keep holding myself back because I never know what financial troubles might be around the corner.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9202349813437886946.post-51671817712208440512008-04-01T15:00:00.000-07:002008-04-01T15:00:00.000-07:00My mom showed me how to balance a check book, fina...My mom showed me how to balance a check book, financed my first car, showed me how to make a budget and helped me start a savings account. But she and my dad never really told me HOW important it was to have money saved. So now I am married with 2 kids, and no savings *sigh*. Try as hard as I can, I can't seem to put money away and leave it there. Something always comes up....and that money is the first to go. We are not poor, we are not rich....but we live from pay check to pay check and I wish we had a back up just.in.case.Lynn - the piggy bank painterhttps://www.blogger.com/profile/00738862199364915114noreply@blogger.comtag:blogger.com,1999:blog-9202349813437886946.post-44789866458138852842008-04-01T10:21:00.000-07:002008-04-01T10:21:00.000-07:00Right... my parents were the same way. I don't ev...Right... my parents were the same way. I don't ever remember sitting down with my parents and them giving me any lectures on money - but somehow through their actions I realized how handle money properly.<BR/><BR/>My dad did teach me how to balance a checkbook... <BR/><BR/>I think my dad is really smart with money, although I don't know of his exact finances right now... but I've been trying to ask for help and guidance with buying a house lately and he doesn't seem to want to give me any input. I'm not sure why.Anonymousnoreply@blogger.com