My parents taught me some very powerful lessons about money.

They didn’t say it in words, but I saw it in their actions when I was a child.

My father worked the night shift in a newspaper printing business. My mum worked during the day.savings

At 4pm, Mum would walk into the house as her shift ended, just as Dad was leaving to start his…

And every week, the ‘Man From the Pru’ turned up on our doorstep to collect our savings.

Sometimes my parents only had a pound or two to give him.

But they saved regularly, and over time, grew a pot of money they could rely on in emergencies.

Watching all this taught me the value of hard work: they taught me that life can be easy if you work hard, but hard if you take it easy.

I understood that you can’t just have whatever you like, and items don’t appear from nowhere. First you have to earn the money to pay for them. Then you have to save.

I’ve tried to live my life by these principles.

And these are lessons that I now regularly share with my children.

Have you, too, learned any positive financial lessons from your family and friends?

What is the best financial lesson they shared with you, that has made a real difference?

Please take a second to tell me, by leaving a comment here.

I'm looking forward to hearing your insights.

Click here to share your best piece of financial advice

 

Posted by Peter Selby

Topics: Insights & Advice

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