7 lessons on money I learned from my mother

"Your mother does a miracle with what she earns," my boyfriend tells me. And I, on a first thought, agree with the statement, but what it does is maintain good financial planning. I have always seen my mother as primarily responsible for finances in our family - not because my father does not contribute, but because of having had many open conversations about money, spending, and investing with her. Besides, it was she who took up many of the accounts that existed (or are) for my sake, such as school fees and language courses and training, and it was for her that I asked for clothes and insisted on travel. It was for her that I 'cried' when I wanted something. And she was always very sensible. I received lots of 'no', but I got a lot of 'yes' that came with a dose of learning. Much of what I know today was due to the creation I had, so I leave here my thanks to her and share with you some of the simple and valuable lessons I have learned. 1. Spend less than you earn. I know it sounds obvious, but if it were, there would not be so many people in debt out there. My mother always insisted on telling us that it is forbidden to spend more than you can afford. You need to know how much of your salary is left after paying the bills and after allocating a portion of it to the savings or investments. I have not always understood why I did not have a scooter or any of Melissa's latest releases coming out on Caprice (I've never had a Melissa, by the way), but today I understand that the priorities were different. It would be inconsequential to compromise something really important (including reservations) just for Bruna here to parade with any-thing-new-and-useless by the college. And it's not like I did not have what I wanted. I had enough and I was always happy. (Except in times of crying, of course, heh.) Not spending more than earned means not having debt. And not having debts is a relief.

2. Always have a reservation. I remember hearing, many years ago, my mother saying that she never wanted to stay without money. I do not know if it was because I borrowed money from someone, since I did not ask, but I grew up knowing there was an amount of money that was not to be moved. It's that amount that many financial educators tell us to have, but few people really do have: the famed emergency fund. I naively used to ask the reason why such money was not used for a family trip, but as the name refers, it is to be used in contingencies, not to cover any fun you can expect. Unforeseen can be common if you enter a wave of bad luck, but I believe that the fact that I have a reservation that covers some time without salary or a possible emergency makes me much calmer in my daily life. 3. Keep a budget and know where your money is going. My mother, even though she does not keep a financial spreadsheet in Excel for recording information, always takes a period of the month to analyze expenses, schedule payments and put everything on paper. She knows exactly how much she is paying on each thing and what is the acceptable upper limit for each group of expenses. And I love doing that kind of task nowadays. I love not having surprises, I love estimating an acceptable value for something big that I am acquiring, I love to allocate a donation amount without compromising my own finances, I love having control over my money.

4. Buy at a discount. Let's face it, there are few things that, if you wait a little, will not go into liquidation. Maybe some item runs out, but it's rare that it's irreplaceable. In addition, it is always possible to negotiate with the seller. This is another thing I saw my mother doing and getting positive results. I confess that I do not feel very good about asking for discount in some payment terms, but I know it's silly and it's a practice I usually do because it always works. I believe that every establishment works with a price that can be reduced if you pay the price or insist a little. And this is also true for virtual stores, which offer discount coupons on specialized websites or even through partnerships with bloggers, for example. 5. Know when to do and know when to hire. My mother has painted the rooms a few times. She also invents various things in the garden and calls my father to help with minor renovations. Whenever she has something to do, she assesses the situation to decide if it is possible to save a little by doing what needs to be done at home or if DIY will be more expensive. And there are some points that I have always admired: my mother is not lazy to work and to go after what she wants and, at the same time, she understands that our time is also worth / money and that it is important to value other people's work.

6. Earn your own money. That is, do not depend on anyone. I learned from my mother. She always insisted on teaching us how to fight for our dreams without the help of another person, while helping us - and helping - to get there. She invested in my education so that I had options professionally and especially for me to become an independent woman like her. Do not misunderstand me - this does not rule out the option of dividing a life with a person counting their salary, and even if I do not think it is wrong for a person to choose to stay at home taking care of their children (because, In many cases, it is a but I, in particular, could not spend my life having to ask my partner for money to buy a book, for example. And having witnessed cases where a woman had to ask her husband a thousand times, unsuccessfully in any of them, to change the stove from home, compared to my mother's example that she could change whatever she wanted, regardless of whether my father helped or No , It could not have resulted in another mentality on my part. I want to be able to share things, but I also want to be able to have the freedom to buy or anything that makes me feel like it. It is unfeasible to do this without having your own money. 7. Money is not a seven-headed animal. We exchange our knowledge and our work for money. We need money to live. He will always be present, somehow, in our day to day. Is not it good to look at the credit card bill? Is it wise to ignore charges? Unless you have someone taking care of your money and your bills, there is no escape from responsibility. And it's relatively simple if we stop to think. Just pay attention.
Hakan Yerlikaya
Hakan Yerlikaya

This is a short biography of the post author. Maecenas nec odio et ante tincidunt tempus donec vitae sapien ut libero venenatis faucibus nullam quis ante maecenas nec odio et ante tincidunt tempus donec.

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