Purchasing My Money

My earliest money memory comes from when I was in elementary school. Each week my sister and I were each assigned a part of the house to clean as our “chores” which upon completion received a sort of allowance. If the chore was completed, my mom marked it down on an excel sheet and although I am not sure the exact amount we were paid, the money we earned was not given directly to us. Instead, if we were at the store and we saw something we wanted such as a stuffed animal, we were allowed to purchase it with our allowance money that my mom then subtracted from the excel document. This is how I received the majority of my money as a child for about three years until we stopped this process. I also received money as gifts for birthdays and Christmas. As a teen, I continued to receive my money through gifts and when I would babysit. In high school, I picked up a part-time job at my dance studio and earned about $100 a month. As a child, I did not spend much money, although I do remember a few …show more content…
Whether that is an emergency or a big purchase you think you’ve earned. By saving, you are putting aside a small portion to be used at a later date in time. An emergency fund is essential to have. Although the money you put away for it now, you may wish you have in the present your future self will thank you. For any situation you may find yourself in, whether than is a broken appliance or device, something happens to your car or home or medical expenses, you never know what life may throw at you. Life is full of unexpected moments, and to best be prepared for them, an emergency fund may help take a little bit of the stress off. If I did not have an emergency fund and something happened, I would ask to borrow money from a close friend or parent. I would then continue to work and pick up extra shifts or any way to earn extra money to pay them back as soon as