How to borrow money less?

How to borrow money less?

As it is known in Europe, most people are thrifty, they know how to keep track of their personal budget.

Know how to borrow money less

Know how to borrow money less

On the book shelves in many European countries you can find books from the series “Everything I know about life – I learned in kindergarten”. Both in Europe and in any other part of the world, in order to better understand life, including finance, you need to trust your family and parents more and memorize useful tips from your very childhood. Irene, a 32-year-old resident of Sweden, told how he received valuable advice from within the family on keeping his budget.

Irene was the only child in the family and received all the love of his mother, and with it useful tips on how to appreciate the money and things that you can buy on them. Sometimes he received these tips not in a rainbow form.

In the summer of 2010

In the summer of 2010

She decided to share a revelation with his mother and sent an e-mail letter in which he described his not very positive financial situation. He said that he had encountered some difficulties with his credit card and often began to borrow money.

Mom’s answer turned out to be somewhat softer than he expected. She said that she would not give him the long lectures needed, and recalled that earlier I had fallen into a similar situation. She told Irene to seek professional help in order to improve her attitude towards money and spending. The following words were especially memorable: “We always think that shopping makes us happy. But it is important to remember that these are just momentary pleasures . ”

How to borrow money less?

How to borrow money less?

Mother Elisa, perhaps, like many mothers of that generation, and in our country, never engaged in shopping, as we do now. She never enjoyed such soulless things as Irene. She could never afford to spend all the money on vacation and have significant credit card debt like his. She inherited a wise attitude to money and a property of increased thrift from her father. He was a hardworking farmer, a bank president and a wise investor. He survived the Great Depression and truly appreciated every Swedish brand and US dollar.

Financial acumen and understanding how less borrowing money passed from generation to generation. But, for some reason , missed Irene. How is it that the mother’s financial DNA is so different from the son?

At the very moment when Irene wrote a letter to his mother, he began to recall her parting words. At some point, he realized one of his mistakes: he began to realize that in terms of money issues, he gave advice more often than he followed them .

After Irene received a response to the letter with a completely unexpected and, in his opinion, a little too calm with the answer, he decided that he would be more responsible in his financial situation. For example, he began to replenish the credit card every month in full, and when he could not do this, he made the minimum payment.

Now, every time Irene comes close to descending from the righteous path, he thinks about how his mother can be upset. Mother’s wisdom always keeps his hand on the pulse and does not allow to be tempted by the extra spending. He says that her clever phrase “happiness cannot be bought for money” appears in his head every time he takes out a debit or credit card from his pocket.

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