My mommy always told me very early on to save money. She told me to never spend everything, and to save some of everything, just in case. She also told me to always have cash in my wallet, just in case I spill someone’s oil. While saving money and not spending everything has proven to be very good advise, the same cannot be said for having cash in my wallet. I find that here in America, there isn’t anyone hawking any kind of oil that I may possibly spill, and in the event that I do spill oil, it would most likely be in a grocery store, and they will not hold me accountable. If anything, they’ll apologize, ask if I’m hurt, and then, maybe give me a free bottle of oil. What’s not to spill?
My first every job was at McDonald’s. I was 16 and in the 11th grade, and we had just moved to America the year before. I grew up as an only child, and also as a sheltered child. I worked in McDonald’s for 23 hours a week, and apart from spending a few dollars here and there, I did not know what else to do with my money. No, I did not think of clothes and shoes (like most teens would have).
I gave most of my money to my mom. In fact, I was so disinterested in my own money that I used to hand her the check every time. She’d give me some money to spend, but I’d still not spend it. She had raised me believing that money should not be wasted. It should be saved. So I saved – even when I did not need to save.
We had to move abruptly and as you know, moving costs money. My mom spent all the money she had and needed more. Guess who came through? Yup. This girl! I don’t remember how much it was exactly now, but I believe it was over a couple of thousands. I gladly, happily, and proudly handed the money over to my mom. She was so happy that I had so much money, and I in turn was very happy to help. I had saved the day, and nothing could have felt better.
Fast forward to years later, my spending habit hasn’t changed much. I spend more money now, of course, but the basic principle of not spending everything and always having something to save remains there. I can never spend everything I have. I don’t know how to not have money saved. I’m just that girl. If something is going to cost me everything, then I take that as a clue to not do that something.
Tips for saving money? Quite simple: just do it. If you have to budget money out of your paycheck/salary to save toward a pair shoes that you do not need, then maybe you should buy the shoes later. Pay everything that needs to be paid (food, bills, gas, etc), then save most of what is left. You can have fun with what’s left.
And then, like me, you, too, can save the day!
At SunTrust Bank their purpose is lighting the way to financial well being. They help you get organized, make a plan, and stay on track so you can get and stay in control of your finances. When you are confident about your money, you can save for your goals and splurge knowingly on what matters most to you.
To get started visit suntrust.com/getorganized.
This is a sponsored conversation written by me on behalf of SunTrust Bank. The opinions and text are all mine.