Expert Blog Compelling advice, stories, and thought-provoking perspectives straight from YourTango's lineup of Experts to you

The Unforgettable Money Lesson I Learned from My Father

Sex, Self

On Father's Day, I remember my father's life and the lessons he taught me.

As my father’s death is tied to Father’s Day and as I seek to honor him in the way I live, around Father’s Day I think about the lessons I learned from him and how they have been influential in guiding how I respond to life with wholeness and peace. Many lessons come to mind when I start reflecting, but one about money brings a smile to my face.

I was eleven years old. There was a particular calculator that I really wanted. I have always been interested in mathematics. By today’s standards this calculator was very primitive. However, it did have a few functions beyond the basic ones. We were living in England and the calculator cost something like ten pounds. I didn’t have the money. My father offered to let me buy it and make payments until I had paid him back. We bought the calculator and I was so happy and enjoyed taking every opportunity to use it that I could.

Initially, I was very faithful in making my payments as we had agreed on. Then there was a week that I fell behind. I can’t remember why but I certainly remember what followed. My father called my loan. Of course, I could not pay off the balance because that is why I had the loan in the first place. He talked with me about the fact that I had two options: I would lose the calculator because he would repossess it as collateral on the loan, or I needed to negotiate a new loan. Keep reading...

More Father's Day Content from YourTango:

Author
Contributor

Expert advice

Save your breath because you only need two words to make him commit.
Are you REALLY thinking about their happiness?
If you keep finding yourself in heartbreaking, dead end relationships, listen up.
It seems like you can't do anything right.
Contributor

Explore YourTango