Banking and Savings Most Popular Articles

  • cash payment
    5 Strategies to Pay for College Today|
    To help streamline your college banking and find the cash to pay for an education in today's economy, here are five methods and...
  • ATM
    10 Best Military Banks of 2015|
    A study investigated more than 30 military banks and credit unions, and came up with this top 10 list.
  • UsingATMs
    Top Five Military Banks and Credit Unions|
    If you're in the military or are a veteran and are looking for a bank, this list is for you.
  • 70 ways to save money
    70 Easy Ways to Save Money
    Jeff Rose
    Here are 70 ways you can save money in the four biggest budget categories: food, transportation, housing, and health.
  • Pros and Cons of Online Banking
    Consumers view online banking as a quick way to pay bills and check their finances. However there are a few drawbacks to online...

Let's Not Talk About Money

Let's talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept. It was the first time I had seen her cry. That was all the money we had until her next payday and this was a disaster. I clearly got the message that money was very important and powerful since it could upset my mother like that. I also learned that money was something to be treated with great care and respect, definitely not something to let slip through your fingers. The experience created clear money messages that would be reinforced as I grew up.

I got a very different message that related to payday. My dad worked the night shift at a factory and got paid every Thursday. Each payday was a celebration; he would stop on his way home and buy a sack of White Castle hamburgers. It was thrilling to be allowed to break the normal rules and get up in the middle of the night to share this wonderful "feast" with our parents. I always associated getting paid with feeling special and having permission to do things that would be unthinkable at any other time. I also got the message that even when there wasn't much money, spending a little to create a happy memory with your family is a good thing.

What were some of your early money messages?

Andrea says one of her messages was that talking about money was scary -- very scary. Whenever money was mentioned in her family she knew her parents would inevitably start fighting. Her father would accuse her mother of spending too much and her mother would retaliate by yelling that he should earn more. Andrea hid in her room with the pillow over her head and never wanted to hear anyone talk about money again -- ever.

Rod learned that people with money had power. When his dad would miss his baseball games he would tell Rod he was afraid he would lose his job if he didn't stay when his boss wanted him to do extra work. This message was reinforced when his mom would warn him and his sisters to be extra nice to Granny and Pops or they might not help them out when they needed extra money.

Donna grew up hearing that money, or rather the lack of it, was to blame for everything.

She couldn't have a birthday party because there wasn't any money. Aunt Maddy couldn't leave her abusive husband and start a new life because she didn't have any money. Donna heard the message so often in so many ways she didn't realize there was more than one way to overcome obstacles.

Glen always saved his money but his mother would routinely "borrow" some. After a while, it didn't seem that saving paid off so he got in the habit of spending his money as soon as he got it. On the other hand, Cherelle saved to pay for a class trip that was a wonderful experience. Her positive consequences resulted in the message that planning and saving was worth it so it became a habit for her.

Lastly, Frank remembered the time when he realized that it's worth sacrificing to reach a goal. Having his own room was his dream, so when his parents said they were saving to buy a bigger house, he decided he would do anything he could to help them. He didn't ask his parents for any extras that year and gave up a lot of things. He did get his own room when they moved and felt his sacrifices helped make it happen.

What money messages did you get from home? Let's talk about it on the's discussion board.

Military News App by

Download the new News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
  • White suburban home.
    IRRRL Facts for Veterans
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • US Map Showing High Cost Counties
    VA Loan Limits for High-Cost Counties 2017
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Get the FAQs on VA Home Loans
    We've answered 16 of the most frequently asked VA Loan Benefit questions. View them now to get a quick understanding of your be...
  • Top 3 VA Home Loan Tips
    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
© 2016 Military Advantage