Our financial choices are based more on beliefs we formed as children. But those beliefs are always worth questioning. Read more here
Even into adulthood, my dad had a huge influence on my financial choices. I remember the spring I turned 23 and was eager to start house hunting. For me, owning a house was a symbol of becoming an adult — mature, established and secure. I told him my plan to spend that weekend touring open houses. He asked me one question: “How do you like peanut-butter sandwiches?”Article content
I put off house hunting for another year, until my husband and I bought a modest bungalow surrounded by old trees in a quiet hamlet west of Ottawa. Our first home until recently. That was an important lesson in questioning my goals, why they’re important to me and what sacrifices I’m willing to make to reach them.
We all know families with lots of money who are averse to spending it. We also know people without a lot who love to spend on life’s luxuries. Their total net worth is irrelevant. What drives their decisions is what they believe is important, and missing, and worth spending on or saving for. We continue to be influenced by the messages we get from our family and friends, not just in childhood but throughout our lives. Other people’s money attitudes take up space in our mind.Article content
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Early money memories affect our financial decisions today, but are always worth questioningOur financial choices are based more on beliefs we formed as children. But those beliefs are always worth questioning. Read more here
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