The writer of this month’s star letter received £100!
In response to your article ‘How childhood shapes our attitudes to money’, as a child, I would get my pocket money and even at an early age, would balance out what I had with what I wanted to buy. And I would save. I loved doing maths so bought an exercise book to practice my tables on, a quarter of sweets to last me the week, and saved the rest for Christmas and birthdays.
You never lose the experience of budgeting your cash flow, even when you are older. I think it was training from my mother I picked up, which has helped me in life.
Sadly, I lost my dad when I was seven years old. I was the youngest of six, my eldest sister being 16 years older than me, so she was one of the breadwinners in our house back in 1972.
I just remember us as a family not having much, but we survived. However, something my dad insisted on was that we all had bank accounts opened at the first opportunity – it was pretty much just pennies that were paid in.
I got my first motorbike at 16 years old from the money in that account, and that motorbike got me my first apprenticeship because I was the only one that could get to the premises. It was on a new industrial estate on the edge of town that the buses didn’t then serve.
I am trying to pass on his ideals to my kids, and it’s not easy when all their mates seem to get what they want almost immediately, usually due to the ease of credit advances etc. I might not have got to know him very well, but my siblings and I were taught some important stuff early on.
You just don’t see it at the time but the old sayings seem to prove themselves – them pennies can make pounds (or in my case, a Honda 50 and a job!).
Do you agree with these readers? Is there a money-related subject you’d like to see us tackle, or have you your own tips to share? Whatever you’d like to say, we’d like to hear your thoughts on Virgin Money and the My Virgin Money magazine.
Write to us at email@example.com and we’ll publish the best letters we receive in a future issue of the magazine. And don’t forget, we’ll pay £100 for our star letter! We look forward to hearing from you.
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