Today’s essay is by Yesica Velasco Loera a student at CSU Stanislaus. She shares how her parents taught her saving and budgeting and how she now uses those money lessons in college.
My parents taught me how to budget and to always have money saved up for a rainy day. Every month my mom would make a list of all the forecasted expenses for the upcoming month.
I use the skills they taught me for budgeting and saving. I mimic their style of forecasting expenses and subtract that from my actual income which prevents me from overspending.
Their advice was to not use the credit cards if I did not need to; and when I did use them to pay the full balance each month so I would not get charged for interest.