Making Sacrifices for Personal Finance Success

Everything you hear on TV is to go after your financial happiness with the job you want. That’s not always possible while supporting a family but your sacrifices can go a long way to teaching your kids about personal finance.

Teaching kids good personal finance habits sometimes means making sacrifices yourself.

What Shaped My Economic Choices?

Growing up, my parents did not have a lot of money. When I was born, they were 21 and still in college. By the time they graduated they were drowning in loans with no stable jobs to support themselves. 

With the support of their families, they were able to raise me and find jobs to make a sufficient living. My father went into the police academy where he was guaranteed a full-time job and my mother got a job as a teacher.

Making Sacrifices for Personal Finance

My parents took these jobs not because they wanted to, but because they had to. They needed to earn a stable income fast so they chose jobs that had a high employment rate with benefits. 

From this, I have learned I have to try my hardest to not allow money to dictate my life. In order to start on the right foot, I have begun applying for scholarships in order to lower the amount of loans I will need to pull out to stay enrolled in school.

Learning to Budget and Prepare with a Plan

I have also had a job since I was 16, where I dedicate almost all m earnings to a saving account. I try to budget myself as much as possible in order to save the most I can. 

The most crucial thing my parents have taught me about is money is being aware of it and the implications that can come if you are not. The best way to not have debt ruin your life is to prepare for all the costs and make a plan.

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