The inspiration of this post came from Hanging By A Thread
I am the younger of 2 kids. It was just my older sister and I. We lived in a small 1 1/2 storey house, total sq footage? Around 600 sq ft. Both of my parents made very small salaries, but they were very good with managing their money. I would have considered us "mid-class". I never felt that I was behind in terms of school supplies or clothing, when compared to my classmates and friends. They always made sure we put money in our piggy banks and always gave us a little extra to spend. My parents took us on what I would consider a big family vacation every 4 years. And in between those vacations, there were trips to Chicago every couple of years to visit family. I remember when I was in college and had to quit my part time job due to my school work load, my mom insisted on giving me an allowance of $50/week. I was very lucky. Every time my sister and I think back to how well the household finances were managed, we are amazed. And a part of me is confused as to how I didn't pick up a single budgeting practice or behavior.
It's very important for me to teach my kids the value of money and the importance of saving. It's often difficult because at the same time I want them to have everything that they want and everything I didn't have when I was growing up. And there's always the thought that they're only kids for so long and that they grow up so fast.
This weekend will be a busy one with J's birthday, so I hope by Monday things have settled and I can start focusing on our finances.