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, the college was always expected. I come from an immigrant family and everything my parents did was to take my siblings and me for a future. I was a high -ranking student at a competitive public school and attended top state university. My parents took part in a 529 plan and bought my tuition fees in the States when I was about 8 years old and made it considerably cheap. I think you paid $ 22,000 for all four years, for which I was very grateful.
What conversations did you have about money? Did you transfer your parents about finance?
We were middle class, but my parents were very economical because both grew up poor in their home countries. Since his arrival in the United States, it has always been very important for you to have a great creditworthiness, so that you never missed a payment and saved every cent. We have hardly ever eaten and maybe only went on vacation every other year. However, my mother was also able to retire early, and I know that they will also leave a pleasant legacy for my siblings and myself.
What was your first job and why did you get it?
My first job was a host in a restaurant when I was 15 years old. I mainly got the job to earn pocket money for myself. For a few years I worked in the entire high school in the restaurant industry and saved enough to buy a used car (my parents’ old car), as well as for a solo trip to Europe when I was 18 years old and graduated. I had only been to Canada and Mexico before.
Have you worried about money that grew up?
A little: we could all afford to afford it, but never had “fun” money. I have got used to buying things for sale or economical, which I still wear with myself to this day. There were many times in the high school where I wished we had money to buy the trendy things I saw other girls. I remember a time in elementary school, we set out on an excursion “Little House on the Prairie” and had to buy these old -fashioned costumes, but they were expensive and my mother couldn’t afford it. I tried to tell the teacher that I would skip the excursion, but it insisted. In the end we found something at Goodwill, although it wasn’t the exact style. However, I am glad that my parents have now brought me a framework because it helps me to budget an average salary in an expensive city.
Are you worried about money now?
Yes, more. Although I can share the costs with my partner A., we are both victims of lifestyle from time to time. Most of our available income goes out to go out, eat and travel. I admit that I also have a little purchase problem (especially in fashion!) That has accumulated a bit of credit card debt.
At what age do you become responsible for yourself financially and do you have a financial security network?
At 22 when I graduated. I worked part -time throughout the college, but my parents still helped with certain things like my car insurance. I currently have no financial security net. Technically speaking, I could use my 401 (K) in an emergency, and both A. and I have supporting parents who would help us if they are absolutely necessary. But I prefer to be independent and have my own means.
Do you have or have you ever received a passive or inherited income? If so, please explain.
Yes, last year my parents founded my Roth IRA and contributed the maximum 7,000 US dollars every year because I did not want to contribute beyond my 401 (K). This is partly a hobby of my mother that has been playing with the stock exchange since her early retirement. She likes to play with my retirement money, but will give me a result. Win-win situation.