Saving is as valuable a lesson as anything else we learned in grade school: Be kind. Work hard. Don’t chew with your mouth open. Save. We think it’s important for kids to experience for themselves the fun of saving—that’s why we have our Kids Savings Account. So, we asked a few grown-ups to look back on things they did—or didn’t do—growing up that shaped them as Savers.
Matt: Lots of comic books, little savings. I’m a cheapskate by nature. I’m not exactly sure when that happened, or why, but I have a feeling it’s born out of laziness. Because, above all else, I am a lazy creature. Take for example, the history of my piggy banks. Read on.
Alicia: “I learned that money came as a result of work.” I practically learned to walk in the mall, where my mother worked and my teenage sister introduced me to neon-colored consumerism, complete with air brushed shirts, slap bracelets, footless tights and all other related fashion tragedies. Read on.
Alison: “Affected by my childhood choices till the day I die.” I was one of those stupid kids that got credit cards in college and thought I could handle it. That was a lie. See, I wanted to be my dad. He grew up in a family that didn’t have a lot of money but they worked hard. And when he became an adult, he took over his father’s small business and he built it into something very, very successful. My father has made a lot of money because he worked hard and he earned it. Read on.
T.J.: “Like many children, I was somewhat resistant and rebellious.” Sometimes I wonder how I am the product of my parent’s parenting. My parents were both teachers for over thirty years, and their efforts to relay financial lessons to me, my sister, and brother were gentle, yet forceful. Growing up, we all received modest weekly allowances… Read on.
Nancy: “I made $15 a week—I was rich!” Growing up in 1950’s, household finances were not discussed with children—at least not in my family. There was no allowance. If you wanted your own money, you earned it. Starting at age eleven, I worked in the fields pulling and bunching radishes at two or three cents a dozen bunches. Read on.