Love and Money: The "Am I Becoming My Mother?" Edition
by Maria Niles

At the blog, Make Love Not Debt, the discussion by Him and Her is finances and relationships - a thorny and combustible subject to be sure. Recently, a post by her lit a torch that ignited a firestorm in the personal finance blog world.


Her
hit the publish button in anger and haste after a conversation with her mother. A massive outpouring of comments ensued which ranged from supportive and offering helpful advice to damning and judgmental. Although both Him and Her wrote helpful and clearer-thinking updates, one thing came through much more clearly in the comments... probably because no woman likes to face the fact... we become our mothers. And how we handle finances is no exception.

From the comments...

It sounds like your parents have made some bad financial mistakes and are passing that tradition on to you. Why don't you break the cycle

Please, allow yourself to separate from being a daughter to being an adult on your own.

I believe that Her and Him are working hard and are on a path to not repeating her parents mistakes and I applaud Her for her painful honesty on her blog.

I think much of the reaction was driven by our love/hate feelings about what our parents teach us and the ways in which it shows up in our lives, even if we don't want to acknowledge those manifestations. It is so much easier to judge someone else's life than to examine ones own, let alone share it, and share it with total strangers no less.

Mapgirl almost did but ...

I had this huge post written about my relationship with my parents and with money, but I don't think I want to brave the moonbats on the internet to post it here.

I'm with Mapgirl, but fortunately there are braver souls than I.

Wanda at well-heeled and everything shares some thoughts on The Bank of Mom and Dad

Madame X shares the financial genetics she received from her mom (and the post has a link to her previous look at her dad's contribution)

And Amber at Yellow's Green shares her money education from her parents

How about you? What did your mother teach you about money and have you become her? Is that a good thing or not so good? And if the latter, how are you going to break the cycle and create new lessons for your daughter?

Comments

 

Oh. My. God. This woman and

Oh. My. God. This woman and I are living parallel lives, only my mother never promised me $10k, nor would I expect her to. But I KNOW of the dilemmas of which she speaks. I just spent an inordinate amount of time reading the wise replies of her prodigious readership. It's settled: I won't have a wedding--we're goin' to Fiji!

Jory Des Jardins
BlogHer
Personal Blog Pause

 

Fiji!

And my offer still stands ;-)

I'm going to post a frugal wedding round up next in honor of y'all.

 

Moms and Money

I'm thankful that my mother did teach me to be financially responsible. Of course, I hated it growing up. It was never explained to me, but we always were "mortgage poor" and I envied other kids for their nice clothes and (in high school) cars and spending money. It also was hard not to resent my mom when I had to pay my own way through college and beyond. But knowing there were no purse strings turned out to be a good thing in the end. I learned about independence and responsibility much earlier than most of my friends.

I learned good habits about not over-spending from my mother, although I also want to explain to my daughter why we don't buy anything and everything we want. Of course, what I say won't matter; it's what I do that will count. Children learn by example, plain and simple.

And I'm all for cheap-o weddings! My husband and I were married in our living room in front of 10 family members and the event was as memorable as I imagine any large wedding would be. And honestly? Just as stressful, too! Fiji sounds wonderful, Jory. Go for it!

Mary
BlogHer Contributing Editor, Mommy & Family
Mom Writes

 

I think part of the reaction

I think part of the reaction was due to the fact that Her had posted previously about the bad financial situation that her parents were in - they have very little savings, are in their 70s and still working because they can't afford to retire. Her post was clearly emotional and I'm rather impressed they chose to not delete it, although I'm sure they were tempted to.

Monkey Trouble, Sassymonkey Reads, and Sassymonkey Eats