Your financial role model?

Did you ever have a financial role model growing up? I did not. I had “learn-from-my-mistakes” role models, in that I decided I never wanted to live in the way that I grew up and made a voracious effort to work my ass off and live frugally in order for that to never happen. Some days Chris asks me if I am still on that road and if I will ever slow down and realize I can chill a bit.

It is an interesting conversation (well maybe to me). Who impacted how you view money? Did you ever have a financial role model? Did you grow up watching Suze Orman on TV telling you when you might be DENIED? Were you given everything, and never taught that money does not grow on trees, and that there are consequences to racking up a crazy amount of credit card debt in the tune of never freeing yourself from the monthly payments? Or, did you learn how to know about your net worth, an emergency fund, and the importance of your credit score? Additionally, that your credit score can also be a causing factor in getting a job or not?

Money and finances are a reoccurring blog topic for me. Somehow over time money and sex seem to be taboo topics. No one really wants to talk about either. And, yet “Fifty Shades of Grey” became a mainstream movie (not without some backlash) what will be the movie about money that potentially starts the conversation amongst us? Somehow I think that movie will not be of much interest to the masses. Yet, how do we actually shift the world to start taking care of itself?

This recent Daily Worth article shares one woman’s experience and what she learned from her dad, or…like me what she learned not to do. Her dad is now retired and has to live on a fixed income. The potential for many who do not plan accordingly for the future, save, and approach retirement in a way that allows you to really “retire.” Chris and I look at today and what we save as a way to prepare for our future. For a time when we hope to have been savvy enough to find a point in time when we can make the choice for ourselves rather than be forced to work past relevancy. That way we can pamper our family and truly enjoy life.

We all have to start somewhere, but somehow I think many just never start. Or maybe it starts with who our financial role models are and what they teach us about today, tomorrow, and the future.

What is your money pledge?

Thank you, again, LearnVest. I have blogged before about LearnVest. This week one of their email newsletters mentioned the LearnVest pledge. While I really have no desire to participate in their LearnVest pledge, I do appreciate what they are trying to do. I guess I am not really into things like this that is sponsored by a massive corporation. Since LearnVest is doing it in connection with Chase, it makes me want to run the other way. Having said that, I love the idea of the LV pledge, and I do appreciate the pledge they have put together:

“I pledge to live my richest life, take control of my money, and be a source of support & inspiration for others striving for financial freedom.”

What would your money pledge be? I continue to work on my own money issues. I grew up poor for many years of my life, and spent a lot of time with my grandma. She grew up during the Depression so had quite a Depression mentality in regards to money. Spending so much time with her, and living with her for a few years, I think I took on some of her financial tendencies. When you grow up poor, and constantly watched your parents fight to just put food on the table, keep the electricity on, and the phone in service, it creates a feeling of lack. I am not sure I ever felt there was much of a surplus growing up. When I went to college and then began working after college, I still was often in debt. Whether it was credit card debt to pay for unexpected expenses, in addition to car and student loans, it often was hard to feel like there was ever extra that I could devote to an emergency fund or even to splurge for once.

Today I constantly look at purchases and money decisions in a way that would make you think I live in poverty. I am hard-core about how we spend our money and I think that is my way of trying to make sure I never end up in the situation I was in when I was young. So maybe I overcompensate for my past. Chris often has to get me to see that the decisions we are making are good, progressive, and that we can afford it. It is like he constantly has to bring me into the present. Based on my history with money and my Depression mentality, my money pledge would be more in the lines of:

“I pledge to free myself of the chains I feel around money. I can feel liberated while also making smart choices. As I let go of my past tendencies I hope to inspire and help others who also care about their financial future.”

What is your money pledge? Feel free to share in the comments section of this post if you feel so inclined!