Do You Really Need That?!?

My
parents have always encouraged me to spend within my means; they have always
been incredibly sensible with their finances. 
If they did not have the money for something they would never consider
buying it on credit, they would scrimp and save until they have adequate funds
to buy something, even if that took years and years!

On
top of that they made what they did have last, if something still had wear in
it, then forget changes in fashion it would be used until it fell apart. My dad also keeps things “just in case”,
like when he gets rid of a pair of shoes he always keeps the shoelaces because
you never know when you might need a spare pair (or ten!)…

From all of this I grew up learning the value of money, I
had a weekend job from a young age and used my own small wages to feed my pet
rabbits and fund my pen pals hobby (I used to spend a fortune on stamps!). As I grew older I had my own bank account, I
enjoyed tracking the money coming in and seeing the tiny trickle of interest
too. I think opening a bank account for
your children is a good way for them to be more responsible for their
finances. TSB have a range of current accounts including
ones for under 19s.

I hope my own children will be cautious when it comes to
spending money; I want them to learn to budget and not fritter money away
recklessly. Hubbie and I have our
moments but the good grounding my mum and dad established all those years ago keeps
me (for the most part) on the straight and narrow. We do spend money but mostly to improve our property, there are
things I would like but I know (reluctantly) I have to wait.

The boys have impressed me with their own spending
habits probably thanks to my parents good influence.

Eldest in particular kept back some of his savings rather than spend it
all when he had the opportunity to do so. 
He wanted some for another day; to be honest you never know what the
future might hold so a little nest egg is always handy. In his case it might only be a couple of
pounds but it might come in useful at some point!!!

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