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Old 02-20-2013, 09:32 AM   #16
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Save and invest....plan for the future. Its better to be broke when you are young than when you are old.
For the love of Disney...
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Old 02-20-2013, 09:43 AM   #17
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I am flushing myself to Disney
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Only borrow money to buy property, everything else gets used up before it is paid off.

Look at so and so he makes tons of money but buys everything shiny, he has no money in the bank. Don't be like so and so.

Get a job work hard, if you have to get 2. No point in sitting around, plenty of time for that when your old.

If you only need it for a short time borrow it, but return it immediately and be gracious and grateful.

Don't ever loan anyone money unless you can afford to lose it.

Quality above quantity.

Appreciate what you have.

Remember how long you had to work to earn the money to buy x. (I still do that one in my mind). Then decide if it is worth the cost.

Never pay someone to do something you can do yourself, some of the best paid jobs are unskilled but dirty. (They were referencing chimney sweep, trash man, etc, Not as applicable, but I still clean my house and, mow my lawn. However if the teenager comes by with a shovel when there is a foot of snow he is hired!). I also try to do most of my own home repair but I know my limits.

Figure out ways to make your own money. Your money is a business, be in business for yourself. If you work for someone else for wages. Once those wages are yours you decide how they are spent.

If you can only get a low paying job, try to find one with free housing.

I was raised by my grandparents who were born in the early 1900 lived through a famine in their country, the Great Depression in USA, and ultimately moved back to their country and died with moderate to substantial assets. I always follow their advice. A Mexican woman running a stall in Cozumel once called me the cheapest American she ever met. In Spanish I thanked her for the compliment. We all laughed.
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Old 02-20-2013, 09:44 AM   #18
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My parents taught me how to worry about it. Which I guess is sort of good because now as an adult I use spreadsheets to track my spending and income down to the penny.
Appropriately raised a Disney Freak!


October '87, June '91, Summer '93, Summer '97, December '98, July '99, April '00, December '02, August '03, November '03, January - May '07 (College Program),
January '08 (WDW and Disney Wonder), February '08 (DL/CA), December '08, October '09, February '11, January '12, February '13, October '13,
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Old 02-20-2013, 09:49 AM   #19
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Nothing...My parents are absoutely clueless and continue to make poor decisions. They are in their 70's and nothing had changed.
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Old 02-20-2013, 09:52 AM   #20
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Nothing! That is why I was in money trouble so often. I have had lessons learned the hard way and I am in a great place now. I am teaching my children what I wasn't.
DF Joe cool Mama (me) Christine DD (15y/o) DD (6y/o)

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Old 02-20-2013, 10:08 AM   #21
Wow, it make my heart skip a beat
I'm going to miss these when the season ends
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My parents taught by example. Don't spend money you don't have. Always save something. I almost never buy something the first time I see it (especially clothes). If I still want it a couple days later, then I will reconsider it.
Life is a Journey – remember to appreciate everyday -- be happy for this moment...this moment is your life

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Old 02-20-2013, 10:10 AM   #22
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I was taught me the value of a dollar. At age 10, I was responsible for writing out the checks for the bills, entering the amounts in the ledger, then determine the balance. It's easier to understand how much it costs to provide for your family when your allowance is 1/100 of the electric bill.

Good credit is essential. Have a credit card but don't carry a balance.

Money is finite, so choose wisely. This really hit home when he would give me cash for back to school shopping. If I wanted designer jeans it would mean I have less outfits to wear to school. When I was living on my own I could either go out to lunch everyday or you can buy a new pair of shoes at the end of the week. Decisions, decisions!

Don't mess with the IRS (learned by example).

These were all taught to me as a child. I plan to teach my kids the same in addition to the other stuff I learned the hard way on my own.

"Laughter is timeless, imagination has no age, dreams are forever." ~Walt Disney.

Disneyland 2009 (Candy Cane Inn)

Disney World March 2-11 2012 (POP, WBC, POR split stay)

Disney World Dec 14-21 (BLT)

Disney World Solo Trip May 22-25 (POP)

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Disneyland June 17-22 (VGC)

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Old 02-20-2013, 10:18 AM   #23
He's such a fiend!
The monkeys would go crazy on the cars
I wound up with orange tiger stripes
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"It's better to be house poor and cash rich than cash poor and house rich."
(We bought a townhouse, so I guess that one worked)
My mom was the queen of stretching money, and I am pretty frugal.

On a side note, our kids now have to take a class in HS called "Financial Literacy." I love it! It will reinforce what we have tried to tell ds...I just wish they had had it when my both my dds were in HS, although one does pretty well with her finances, the other one has no clue.
Me DH DD 22 DD 21 DS 19 And on 10/11/10 I became a DGM

Junior Brody Stella Luna Louie Ella the Bunny
Christmas 07/New Years 08-CBR (baseball), 2006-POR (cheering), 2001-Dixie Landings, 1988, 1975-Offsite
Trip was great...no new ticker for awhile!

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Old 02-20-2013, 10:47 AM   #24
elaine amj
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My mom is very frugal - she thought me to reuse and recycle - she is well off, but in the back bedrooms of her beautiful house, still uses floor mats 20 yrs old (they're still useable - why should she replace them). And there's no way she'll throw out a useable box/tupperware and she has no problems reusing ziploc bags. Saving pennies count.

My mom also taught me that splurging is a good thing. She saves lots so when she wants to, she can splurge. She loves to throw lavish parties for her family. I have no problems saving pennies so I can have the money to visit the Mouse.

My dad taught me that spending frivolously without considering long term savings is not a good idea. He's a spender - and when it came time for me to go to university, he didn't have the ready cash because it was during an economic downturn. I was thoroughly shocked that he didn't have education insurance for me (both my parents worked in the insurance industry!). His grand plan was to pay for my tuition with his annual bonus - which he didn't get that year. Thankfully my mom is a saver so he borrowed the money from her. He lives a lavish lifestyle, and I must confess I worry about him not saving enough for retirement.

One thing my dad said which I thought was sage advice (although I don't follow it as much as I should!) - "I work VERY hard so I can be lazy". DH and I hope to retire early and are saving hard with that goal in mind.
August 2012 Dining Review: A lesson in sharing or how to turn 12 TS credits into 14 meals
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Old 02-20-2013, 12:13 PM   #25
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Originally Posted by elaine amj View Post
One thing my dad said which I thought was sage advice (although I don't follow it as much as I should!) - "I work VERY hard so I can be lazy". DH and I hope to retire early and are saving hard with that goal in mind.

DH & I are like some of the previous posters... our parents taught us more about what NOT to do, then what to do. As a result, both of our parents don't have anything saved, which means, they will all have to work until death practically. This is not what DH & I want. What we have learned, as been through trial & error and then as we "matured" research.

We are making it a point to teach our children the importance of good financial decisions.
~I apologize in advance for the many typo's you will find in my posts! It's an unfortunate result of adding most posts by a tiny phone screen. . ~

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Old 02-20-2013, 12:23 PM   #26
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Never buy the cheapest model, always go up at least one level. You'll be glad you spent the extra money for something a little better.

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Old 02-20-2013, 01:59 PM   #27
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Save, save, save. Then save some more. Just because you have the money doesn't mean you have to spend it. Don't charge more on a credit card than you can pay off at the end of the month. Try to pay cash, or mostly cash for cars. Also, live a little below your means. Don't automatically go for the most expensive option simply because you "have the money." We could have bought a BMW last year, but we got a KIA instead. It's a great car and we still have that extra money in savings. We could have stayed Club Level at the Poly, but we chose Pop and it was fine. All that savings pays off. When DH was out of work for almost two years, we were never in danger of losing our house. We cut back on a few extras like entertainment and eating out, but we were fine. Always plan for the future!
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Old 02-20-2013, 02:39 PM   #28
dreaming of relaxing & soaking up the warm sun at Serenity Bay....
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To have only one credit card, and use it very wisely. Use it only for what you need & can afford, and pay the balance off.

I learned this because my mom literally had 20+ active credit cards, with balances on all of them. And my sister is the same way. And thanks to those poor habits, my sister came THIS CLOSE to losing her home.

No thanks. Credit cards are killers.
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Old 02-20-2013, 03:28 PM   #29
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These are all great!
'86-offsite, '91-Buena Vista Palace, '92-offsite, '97-offsite, '98-Magic Music Days, '06-ASMu, '07-FtW, '09-ASMu,'10-POR,'12-Poly (Honeymoon!)
'14 - Pop
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Old 02-20-2013, 03:34 PM   #30
Jill in Chicago
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- Be very stingy about your money unless you are spending it on yourself to take a cruise. or to go out to eat.
- Hide some of your money in the basement so you don't have to pay taxes.
- Lie about the amount of money you earn to the government
- Withhold medical attention for your children because you "can't afford it."
- Act as general contractor for the building of a new home, and then wheedle every penny out of all your friends who are electricians....
- Never, ever take any time off of work, even for your son and daughter's college graduation.
- Loan your daughter money to buy a car after college graduation, and then tell her she stills owes you more money after she has paid you back in full. (Thank goodness I kept records of my payments!)
- Buy a bar with your friends, before you look in to any of the details of running a bar. Sell bar at huge loss.
- Buy land in Florida, again before looking in to details, and then have to sell it because you don't want to build there.
- Offer strangers you met in a bar to live part time with you in the summer, so that you can live part time with them in the winter rent free. (Thank goodness they backed out of this one.)

And just to balance out all of that negative....
- Always pay your child support on time, and in full.
- Take turns picking up the tab when you are at the bar
- If you are not giving financially to a charity you believe in, give of your time
- Always carry cash so that at your daughter's wedding you have enough money to pay the band to play an additional hour.
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