Thursday, 8 July 2010 22:20
You can learn a lot from your Grandparents just by observing. My Grandparents never sat me down and talked to me about money, but they didn’t have to; I could see the smart decisions they made. Here are just a couple of “old school” money concepts straight out of the 30s and 40s.
Be happy with what you have
My Grandparents have lived in the same house for like 50+ years, not sure the exact number, but I saw old projector slides of it being built. You don’t always have to buy the next best and "bigger" thing. Their house is filled with so many memories, and that’s something money can’t buy.
Don’t be too risky
My Grandpa reads the newspaper cover to cover, and one of his favorite things to look for is certificate rates. (Disclaimer: I only know this because I work at the credit union, and he is always asking me what our rates are.) Certificates are a no-risk way to save money, and with the Depression era my Grandparents knew and the recent Stock Market climate, I think it’s pretty smart, too.
What money concepts have you learned from your Grandparents, Parents, other family members, or friends?
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