Our beliefs, or our view of the world starts with our early childhood memories. We learn from our parents, our environment and form our own beliefs from those observations. So what are your earliest memory’s of money? How do you think that has impacted on how you relate to money now in your adult life?
My earliest memories of money revolve around the word ‘No’. No I couldn’t have the umbrella with the pink frill; the must have winter fashion accessory for a 4 year old. No, I couldn’t have a Barbie doll, they were too expensive, so I got the imitation one instead.
My parents were (and still are) very careful with their money, they were quite frugal in day to day expenditure but that meant that there was money set aside for our holidays and should any emergency crop up.
Their goal was to be mortgage free, as they hated any sort of debt and over the years they achieved that goal.
Our beliefs, not just about money, but on how we use language, our view of the world all starts with our early childhood memories and the beliefs we formed from those observations. So what is your earliest memory of money, and how do you think that has impacted on how you relate to money now in your adult life?
My earliest memories of money revolve around the word ‘No’. No I couldn’t have the pink umbrella with the pink frill the must have winter fashion accessory for a 4 year old. No, I couldn’t have a Barbie doll, they were too expensive, and so I got the imitation one instead.
My parents goal was to own their own home mortgage free, and to their credit they achieved that. But it did mean we moved house a lot and each time we traded down, so the mortgage kept getting smaller. By the time I was at university they were debt free and have been ever since. Continue reading →
I have been following the Ridge/Parore property relationship case with interest, not because of who they are, but because of the circumstances they find themselves in. Once upon a time they were in love, they made some financial decisions and now the love has died, they are finding out, ‘what happens to the money when the love dies’.
The Ridge/Parore case isn’t that uncommon. You meet someone, you fall in love and decide to start a life together. During this phase financial decisions are made, like, who is going to be in charge of the finances. These are either a conscious choice, or it just happens.
Things go along swimmingly and then something goes wrong and for whatever reason, you fall out of love and the relationship ends. Now things can get a little tricky if you aren’t organised, this is where you find out, ‘what happens to the money when the love dies’. The good news is most of the time this can be sorted without getting the judge involved, but when the trust completely breaks down (as appears to be the case here), sometimes it is the only option left.