Skip to main content
No. of Recommendations: 1
My parents were in debt my entire childhood.

My parents had a mortgage. That was it. And (please keep in mind that they bought the last house in 1962) they paid $153.69 a month. (Or something close to that. I might have the decimals wrong, but I'm fairly certain about the rest).

During my last job, my mother would occasionally worry about how much money I didn't have, and I kept explaining that I was saving 30% pre-tax. Some of that was 401(k) and some was Roth IRA, and the rest was savings or some investments. So she'd stop worrying until she forgot what I had told her, so I'd repeat myself.

My sister and her husband didn't have credit reports (they were married right out of college) but my BIL has a passion for saving money. He once spent most of an LA summer under the house removing tree roots from the plumbing. He preferred that to paying someone to do the job.

So there are savers out there. I suspect they find each other through some mystic bond: maybe they hear the other one say, "I'd never pay that much for a sandwich. I brought my own."

And there are also spenders married to savers, which can lead to trauma for everyone.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.