Father’s Day is just around the corner, and all of us at the Straight Talk blog are thinking about the many ways that dads and granddads affect our financial lives.
“The best thing he taught me about finance was that it’s no one’s business how much or how little you make,” Curtis told us. “He’s notoriously private about his finances, which is kind of a novelty in a look-what-I-have kind of society. I love that he didn’t ever feel the need to flaunt his bank-account balance to anyone, and it’s an awesome reminder to me when that ‘keeping up with the Joneses’ feeling kicks in.”
Jim Wang of Bargaineering told us the most important thing his father taught him about money was actually something his father’s father, Wang’s grandfather, taught him: “that if money can solve your problems, you have a good life.”
“When you’re young,” Wang says, “most of your problems can be solved with having more money. You want to buy a car, you want to buy a house, or you want to help pay for your kid’s education. Eventually, you get to the age where you start having problems that can’t be solved with money, like health-related issues, so it’s important to remember that money isn’t the most important thing in the world.”
No matter what gift you’re giving your dad this Father’s Day, take a moment to thank him for all the lessons – financial and otherwise – that he passed down to you through the years.
What’s the most important lesson your father ever gave you about money? How will you celebrate Father’s Day?