When I was a kid, I believed that everyone had some savings in their bank accounts for emergencies and had a basic financial literacy. At least, that’s what my mom taught me.
As I navigated through my teenage years and into adulthood, I started to realize that not everyone shared this belief. I encountered friends and peers who lived paycheck to paycheck, often scrambling to cover their monthly expenses. It was a wake-up call for me, highlighting the disparities in financial literacy and access to resources. I felt grateful for the foundation my mom had provided, but it also made me passionate about sharing the importance of saving with others. I began to understand that financial security is not just about having money in the bank; it’s also about knowledge, planning, and the choices we make.
My mom didn’t just stop at teaching me about saving; she also explained how inflation affects our purchasing power and the significance of managing mortgage payments. I remember her talking about how prices rise over time and the importance of understanding interest rates when buying a home. These lessons helped me grasp the complexities of personal finance and the need to plan for the future. As I navigated through my teenage years and into adulthood, I started to realize that not everyone shared this belief. I encountered friends and peers who lived paycheck to paycheck, often scrambling to cover their monthly expenses. It was a wake-up call for me, highlighting the disparities in financial literacy and access to resources.
I felt grateful for the foundation my mom had provided, but it also made me passionate about sharing the importance of saving with others. I began to understand that financial security is not just about having money in the bank; it’s also about knowledge, planning, and the choices we make.