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I grew up when cash was more essential, and my mom would use my piggy bank as an ATM. If there were a situation where she needed a dollar (or a twenty), she wou

I grew up when cash was more essential, and my mom would use my piggy bank as an ATM. If there were a situation where she needed a dollar (or a twenty), she would let me know and then pry into my jar full of cash. If she did so, she knew to pay back an extra dollar down the line. Part of it was her convenience, but it taught me about growing my money. As long as I had some cash available, there was a possibility that it would accumulate interest.

xtracto 5y ago
> there was a possibility that it would accumulate interest This is something I wish my parents had put more weight in me learning. They of course taught me the value of money and I had to pay for the things I wanted to get. However, even though they gave me an allowance and extra money for each A+ I got in school, they never taught me about the value of saving money. I always think back to when I started working in my 20s and wish I had saved religiously 10% to 20% of my income. Through all my life I have been able to do it, but just didn't see the benefit of saving that and investing it somewhere (even if just to get 6% interest).