Was there an anticipation for you to take part in university formation? Did you take part in a form of university formation? If so, how did you pay for it?
Yes definitely. I was always a motivated student and expected a lot from me in terms of grades and successes. I went into a rather strict middle school, the goal of which was to get into one of the most renowned special schools in NYC. As soon as I got on there, the emphasis on grades and performance due to the culture and the extremely strict curriculum became more and more. Quite everyone in this high school had focused on one of the 10 top -10 universities in the USA, and there was never a question in mine or my parents that I would go to college and that it would probably be one of the country’s top schools. When my parents divorced, my mother added a clause to the settlement that my father had to contribute half of my tuition fees until I became 21, regardless of the college I went. (My father had originally only agreed to pay for a state or state school.) I was lucky enough to receive significant financial support from my university, which included the work study, so I worked at school during my four years. I also recorded 30,000 US dollars of federal loans. The rest was paid for by my parents (Papa stopped when I was 21 years old). My mother paid for my living space in college for three years: dormitory and a house that was shared with five friends for a year.
What conversations did you have about money? Have you informed your parents/legal guardians about finance?
I didn’t get a lot of training about finance, but my mother made me an authorized user on her credit card when I was in the high school. At the end of each month, she sat down with me to go through all of my expenses and ensure that I used the credit card in intelligent and responsible way, and I had to repay it for all “fun” purchases for which I used the card. This not only helped me to build great recognition, which benefits me now, but also blamed more for my editions than some of my friends in the high school and college.
What was your first job and why did you get it?
My first order was the transcription of medical documents for a small private practice. One of my high school friends put me up with this appearance in the summer after my junior year because I wanted to have additional money spending and wanted to list professional experience in my college applications. It was a boring job, but I enjoyed the feeling of responsibility and independence that I existed. I have been employed every year since then, whether with summer internships or working studies during the school semester.
Have you worried about money that grew up?
Before my parents were divorced at the age of 13, we were the upper class of the top. I was of course aware that some of my friends who lived in villas or wore all designer clothing were richer, but my parents always made sure that I had everything I needed to be happy – and still some. We went on vacation at least once a year, ate a few times a month, and I got the most things that I asked (although my parents always let me wait a few months to make sure that I really wanted the object, which taught me the value of patience and not the impulse buy). After the divorce, I only lived after my mother’s income and although my father paid child benefit for up to 21 years, it was not near enough to live comfortably as we did before. My mother always did her best to protect myself from cash from money and to provide me with everything I needed, even if it took an enormous victim of her part. This included paying a pretty cent for my extremely expensive university, helping me to finance studying abroad and make fun holiday every year. I now know that there were many years in which money was extremely tight for her, especially in the years right after divorce and when I started college, but she always protected me from it.
Are you worried about money now?
Not really. I think I have a fairly plentiful attitude when it comes to money and I am quite intuitive and intended with my expenses. I don’t spend any money on things that I don’t really want or need, and I don’t buy any pulse very often. That means I don’t mind spending more money on things that I really feel that my life gets better. Of course, the transition to only one salary between P. and me, whereby he got used to quite small loan payments (as a salary), get used to it, but frankly, I think we have felt pretty comfortable now when we know what we can afford and not to leave out things that make us really happy or improve our quality of life.
At what age do you become responsible for yourself financially and do you have a financial security network?
At the age of 24 I became largely financially independent when I moved to SF to live with P. when I was completely independent when I was 26 when my health insurance coverage fell under my mother. My mother would absolutely help me if I was ever in a narrow place, but I would prefer to never ask her for financial help, especially if I have already done for myself and because I know that she has to consider her own age fund. P. feels the same way over his savings and has been independent for several years now. My financial network is the emergency fund and savings of my and p ..
Do you have or have you ever received a passive or inherited income? If so, please explain.
My mother gave me 5,000 US dollars when I moved out for emergencies or purchases, which I could not quite afford with my own income. I used everything when we bought our car before we moved to SD. My grandmother also gives me every time she sees what I usually use for funny, rare editions, such as my nails, buying a coveted garment or a trip.
