Money advice from mom and dad

Posted on November 7th, 2007 – 5:55 PM
By Kara McGuire

ted.jpgI’ve made a few money mistakes along the way, but I think my financial upbringing has a lot to do with not getting in too deep and socking away some money, no matter how little, each and every month.

I don’t remember the exact words, but I remember my dad’s sentiment about credit card interest. Something like: “credit cards should be used for convenience but don’t pay those credit card companies interest.” That’s now a cardinal rule for me and I’ve performed backbreaking financial stunts to pay my bill off in full without exception all but once in the 10+ years I’ve had a card.

What financial advice did you inherit from your parents?

And if the answer is nada, tell us what terrible habits you picked up from the folks and what you’ve done to shed them (the habits, not the parents).

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