AMANDA’S STORY: How my parents helped me learn the true value of money.
In the early stages of their relationship, my parents lived in either Manitoba Housing or small rentals. I never knew how much money they made, but from our lifestyle I knew it was considerably less than my friends’ parents. They were very strict with money and never approved of me going to a movie or to the mall just to shop for fun. This left me at home many nights, sad and bitter that I didn’t have the same lifestyle as my friends. On the other hand, a very positive memory I have is of my parents purchasing their first home—they were literally crying they were so happy!
After high school, I tried university but was drawn to the idea of a full-time job and saving for my first apartment. I now live on my own, completely independent, and do everything I can to save for a down payment on a home. I put $200 from each pay cheque into a tax-free high-interest savings account and $100 for my night university courses. I take the bus, only buy clothing if it’s on sale, use coupons and buy no-name groceries.
Amanda is now focused on saving and planning for her future rather than on instant gratification.