When I first started blogging I wondered if financial habits were "hereditary." My mom has never been the best picture of financial fitness. But as the year has passed I have started to look at not only my mom, but other relatives and even friends. My father's family has always lived within their means and had money to show for it. They all owned properties or companies and had healthy savings. My mother, like I've said before, has no savings or home and is a spender. Her brothers, are the same way only worse. And recently I watched a friend take money out of retirement to pay bills and buy a car. So now her retirement is less, plus they will have to pay taxes, and I'm not if it solved the problem. Basically I am just trying to take pieces from all of these examples and realize that I can be like my father's family if I try. And I don't honestly feel like I have really been trying. Just going through the motions.
Comparing myself financially to others
May 7th, 2012 at 09:02 pm
May 8th, 2012 at 05:32 am 1336455179
Not a surprise, but children who managed to wait for the two marshmallows had better impulse control and mostly had saved money; children who ate the marshmallow in front of them didn't.
Sounds like you have some family members who could manage not to huff the marshmallow in front of them, other members who would huff it in an instant.
May 13th, 2012 at 04:25 pm 1336926310
Jerry