Parents know that children hear, see and pick up on everything that is going on with the adults in their lives, and when you were a child you were no different. Many of the attitudes we have about money were formed at a very early age as we absorbed how our own parents dealt with their finances.
Your childhood experiences of money are a collection of details both big and small. You probably compared the comforts of your home to what you saw next door and drew some conclusions about how comfortable your family was. Did your parents get a new car every couple of years or drive around in the same old banger until it died? Did you take frequent holidays? A couple of weeks on a sunny beach abroad or a few days by the seaside in the UK hoping the weather would at least stay dry.
Watching Mum and Dad carefully juggle their finances and set next week’s grocery budget also might have made a strong impression, your parents also made decisions that taught you what is more important than money, perhaps they sacrificed their own leisure and comforts so that you could be involved in all those after school activities, and expensive school trips to give you the best opportunities that life holds. Whatever your financial upbringing memories maybe we can help you to have peace of mind so that you can steer your family finances in the right direction so that you can live the best life possible now and in the future.
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