What Were You Taught About Money?

Last night I was talking to my husband about various things I have been teaching my son about money. He thought he might be too young for some of the things I was telling him but I disagreed. You are not too young to learn about money when your Sun is conjunct Saturn in Taurus!

I explained that my son and I had talked about money on our mother-son road trip, most of the way there and most the way back. This gave him many hours of instruction, so Vid is probably more advanced then my husband realizes and he loves the topic. His Sun Saturn conjunction is in the 8th and that sounds like a banker to me!

What were you taught about money? Has it served you? Has it gotten you in trouble? What do you teach your kids about money?

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What Were You Taught About Money? — 22 Comments

  1. What were you taught about money?
    Not a darn thing.

    Has it served you?
    NO!

    Has it gotten you in trouble?
    eh, I got myself into trouble.

    What do you teach your kids about money?
    I teach them as I go..we are kind of learning together πŸ™‚

  2. I have sun conjunct saturn. i was taught that money is more important than anything including emotional connection, communication and love. Doesn’t sun saturn conjunction indicative of an unhappy childhood? My family told me my mother only wanted me because of the child support money, and she was a greedy witch bc she spent it mostly on bills and herself apparently and my father was absent from divorce- unavailable but when i moved in with him when i was older and he became unemployed after that he was extremely stingy with money and always tried to project his failures on me. i hate money. :] Now things are better I have my own source of money so i don’t have to rely on my unstable parents πŸ˜›

  3. “Doesn’t sun saturn conjunction indicative of an unhappy childhood?”

    I don’t know if it’s unhappy but you grow up fast, that’s for sure and my son has. The thing is, some people want little to do with childish things, just like some never grow up.

    I was designated the “banker” of my school when I was 7 years old, in 3rd grade. The bank came to school and the kids lined up to make deposits into the accounts they had set up. I took the money, put it in the metal box and stamped their passbooks. Think I didn’t love this? I did!

    It’s not for everyone but for some of us – hell yes! πŸ™‚

  4. when i say “project failures” i mean everything that was problematic in his life was my fault and financially it was MY problem too regardless of how young I was he wanted me to suffer like he did about it, even though i was young and couldnt’ care less. He definitely viewed me as a peer or a friend of his rather than his child when i reached a certain age. and with my mother the roles where reversed. So I agree i was forced to grow up and mature at a VERY young age.

  5. I babysat a little five year old Taurus last week. With that in mind, we made our own construction paper money and went shopping in the house. He LOVED it.

  6. As a staurn sun in the 8th too I was taught that money doesnt grow on trees and you that to do the best with what you have. Our school at the time had banking setup as well and my mum signed all us kids up straight away. We were poor and didnt have much but she always made sure that we put money in out bank every month when banking happened even if it was just a $1 or a few cents. Im very graterful to her for that. It taught me well. Til this day I have a special account I dont touch in case of emergency and have deposited in it every month automatically. I honestly dont have alot of money but I learnt save up for things and value things. Im very good with making little money go very far πŸ™‚

  7. Growing up, money just *was*…it was this ephemeral thing. Hard to explain–it was both important and yet almost utterly devoid of context. I do not recall any formal education as to the hows and whys of money. And bumped along for a good portion of my early adulthood in a like fashion…(looking back, there’s a certain nostalgia to a financially naive life–until the bills all come due with a mighty ‘whack’, that is!) So, it served me in a way up until it was time to grow the eff up and take control.

    My (step)son’s financial education is complicated greatly by virtue of being a child of divorce–two households, two wildly divergent models of thinking about monetary issues and education.

    It’s way too cliche (and inaccurate) to simply ‘slam the ex’, REB’s mom. But boy it is tricky to navigate the disparate messages and examples he’s assimilating. The toughest is her adherence to the ‘OPM’ principle…”don’t worry about having/making/saving money-*someone or something* will take care of it”…except when they don’t at which point she rails at the unfairness of it all and scares REB with dire predictions of hunger and homelessness. But then turns right around with video game systems or other splurges declaring, “We deserve a treat”.

    Primarily we do our best to be clear and consistent about earning, spending, saving–want vs need, self-reliance, charity…He’s a sharp kid with a brain built for speed, so we’ve covered subjects such as interest, taxes, gross vs net, etc at a basic level, too. But we are also mindful to keep it age appropriate. A regular mantra around here is, “That’s grown up business, kiddo. We’re a-okay. How about you focus on xyz instead.” (this when he’s snooping into check registers/bills or dropping broad conversational gambits about mom and money). I think we’ve struck a good balance and pace–It ain’t gonna get any easier as he matures, so let’s hope the foundation is broad and strong. πŸ™‚

  8. I am so grateful for my father who taught me lessons about the stock market. Without his encouragement I would have been a more fearful person and never have gotten to where I am today.

    Although my father was wealthy he was never one to waste any resource. I can still see him turning off lights and questioning me when I bought school supplies, “Do you really need to buy pencils? Don’t we have plenty of pencils around here?”

    But basically it was his optimism and energy that he passed along that I really appreciate today. And this was a man who grew up during the depression, whose own father had lost everything in the crash of 1929.

    It’s easy to give in to pessimism. It’s hard to rise above it.

  9. money has always been a difficult issue for me to get a grasp of.

    with neptune in 2nd house square mercury, thats a small wonder. an a astrologer told me i worked with a different currency than other people, and i cant get away from the idea that my lottery ticket will finally solve all problems.

    the trouble is of course its taken a while to make this visualisation materialise and rent and other unexpected expenses must be paid in the meantime.

    then i also a scorpio mars in the 2nd house sextile sun and mc, mars is ruler of my 7th and 8th house. and ive always got grants, had wealthy partners and always managed to get out of trouble in the last moment.

    but hes also a wonderful spender of my means, at present im trying to convince myself that the money that passes through my accounts arent really mine, im just keeping it for the community, and it of course wouldnt want me to be thrown out of my flat so im generously allowed to spend some of it for these small material matters..

    it can work, but i wouldnt set myself up as a financial expert ever!!

    but

  10. I always knew the value of money, that some things cost more than others, and we could afford some things but not others.

    But I learnt about grownup money through default, by my mum slagging my dad off for ‘putting things on tick’ ie signing up for maximum credit.

    I have saturn in the eighth, and the sun in taurus. Not having money stresses me out. I’ve never lived a wild life, so feel it’s unfair that I have to struggle to eat what I want to eat etc

    When it comes to having my own children, I’ll make sure they understand the value of money thru pocket money and being open about money in terms of ‘we can’t have that bike today because it costs a lot of money, but we might be able to have it in a while if we save up’. I don’t want it to stress them out like it does me.

  11. My mom handled all the finances. She knew how to make a dollar go a long way.

    If I wanted something beyond the basics – food, shelter, clothing – it was on me. That was never in question.

    I had ambition and worked days and went to school nights. After 10 years I had enough money in the bank to quite my job and go to school full time.

    I wouldn’t say I’m the best with money but mostly because I’m having trouble finding a reason to be better – not because I lack discipline.

  12. I remember many discussions around the dinner table growing up. Mom and Dad were both savers, having lived through the aftermath of the Oklahoma dust bowl and Great Depression. Each lived at home with their parents until they got married which enabled them to save and pay cash for their first home and every house thereafter. Some of Dad’s gems were “If you’re working, you’re not out spending” and “watch your pennies and the dollars will take care of themselves”. He also admonished us to “not buy depreciating assets on time”. That would be things like new cars, clothes, furniture or anything else purchased on credit. His advice was not to buy if a person couldn’t pay cash. He wasn’t totally against credit though. If it could be used prudently to generate income then he was ok with it. But credit for consumption was strictly out. I am fortunate in that I heeded their advice and it never steered me wrong. Today I have more than all my siblings combined even though each of them earn substantially more than I do(and I’m the youngest!!). That was another of Dad’s sayings; “It’s not what you make. It’s what you keep.”

  13. When I was growing up, my family had more money than my cousins did. I didn’t think much about it because they were so much happier than I was — all of them were very attractive and they had my aunt and uncle for parents, so they were very stable and in the middle of my childhood they bought a brand new tract home in the middle of a new subdivision, and they all bought motorcycles.

    In a way I learned that money was meaningless since they were much more fortunate than I was in so many ways. They tended to remind me of this too — even though I knew my mother was well off compared to them they always treated me like a poor relation.

    Then later the families broke apart and one of my cousins married a millionaire. She was my best friend, but I realized she never liked me and resented my family for having more money than she did. For a while she would call me to make pointed comments about how our positions had reversed — which was amazing to me because as a child I didn’t even know I had a position. This had nothing to with me — this battle, whatever it was, was going on between my mother and her sister.

    While we treated them as equals when they were poor, they treated us like shit when they came into cash. It’s not like karma is going to get them for this or anything either — they’re fine without us although we always seem to hear when they’ve gone on a tour of europe or bought a new mansion.

    So now for the rest of my life I’ll be the “poor” one who counts less. Needless to say I stay away as much as possible. Who needs to hear you’re shit all the time?

    What I learned about money I think is that you can have it in your pocket but be deprived of its benefits. I shy away from the whole concept of “having money” simply because I see that people think they are their money and will treat you according to how much they think they’re worth compared to how much they think you’re worth. I’d rather be worth nothing than urinate on people using my bank account.

  14. I know a sun-saturn in the 8th. He is a Taurus Sun who wants to be in investment banking, wanting to manage other people’s money in a safe way. He was horrified by the 2008 risky mismanagement that came to light.

    But be an engineer first because he believes the hard work, math and no nonsense analytical training will make him better at it.

  15. Divorced parents with opposing relationships to money. My mother a double Taurus, liked nice things and overspent. Still does. My father a double cancer, is the cheapest man I ever met. I never received any explicit advice about money or anything really. So Im always confused by money. I just havent been able to reconcile those two opposing views that I recieved from my parents. And I havent been able to construct my own. Aquarius second house.

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