Making Sense Of Cents

Learn how to make extra money, how to save money, how to start a blog, and more.

JOIN OVER 300,000
MONTHLY READERS!
  • HOME
  • BLOG
  • Make Money
    • best online jobs
    • passive income ideas
    • paid online surveys
    • How To Make $100 A Day
    • 80 side job ideas
    • More Extra Income Ideas
  • SAVE MONEY
    • Free Amazon Gift Cards
    • 16 Alternatives To Cable TV
    • best rewards credit cards
    • How I Paid Off My $40,000 Student Loans
    • More Money Tips
  • Categories
    • Income Reports
    • How To Save Money
    • Extra Income Ideas
    • Blogging Tips
    • Career Advice
    • College
    • Pay Off Debt
    • Retirement
    • Self-Employment Tips
    • Travel
  • BLOG COURSES
    • AFFILIATE MARKETING COURSE
    • MAKING SENSE OF SPONSORED POSTS
    • HOW TO START A BLOG
  • Contact
    • About
    • Contact
    • Advertise
    • Recommendations

Great Financial Lessons My Dad Taught Me – Money Doesn’t Have To Make Your Life Miserable

Last Updated: March 18, 2018 BY Michelle Schroeder-Gardner - 54 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

357 shares
  • Facebook85
  • Twitter
  • Reddit
  • LinkedIn
  • Email

Great Financial Lessons My Dad Taught Me – Money Doesn’t Have To Make Your Life MiserableOn April 18, 2008, my father passed away from cancer. While it’s a sad day, I always strive to make every day better than the last, as I know that’s what he would have wanted. I would like to dedicate today’s post to him. This is a post I had previously written about him, and it still makes me very happy when I read it. Enjoy!

My dad was a huge part of my life and not talking about him today just wouldn’t make sense. This is especially true because he taught me so many important financial lessons that I still remember to this day.

If it weren’t for my dad, I would probably be, at least, a little worse with money.

Due to this, I believe that teaching your child valuable financial lessons is key. This can help children grow up and be better able to manage a budget, understand investing, know how to save money, and more.

Below are some of the many great financial lessons my father taught me.

 

He taught me that I could afford to travel.

One of the top financial lessons my father taught me was that I can afford to travel.

My dad traveled all over the world. Besides his family, the other things he loved in life were traveling and airplanes (he was a pilot). He always made sure to fit traveling into his life in any way he could, and I gained many great memories from it.

I still remember him taking me to Disney World ALL THE TIME (I loved it!), him flying me in small planes, and even having a great time just sitting at the airport. He loved every little part about traveling.

He created hundreds of photo albums from his travels which I still look at on a regular basis. I also recently found a travel journal he kept which listed out all of the amazing places he traveled to.

My dad was not rich if that’s what you are thinking. Instead, he worked with his budget and always made sure to fit exciting trips in because that is what he believed in.

For example, he bought a new Camaro in 1984 (this was his baby), and he drove it up until a few months before he passed away in 2008. He didn’t care about furniture, electronics, or anything else. He would often work long hours, he hardly ever called off work, he always had a budget, he always saved money, and more.

He was all about travel and he managed his money well so that he could take trips whenever he could.

 

He taught me to not live paycheck to paycheck.

My dad was all about having a budget. He went over his budget and his checkbook nearly every single day. Working for the airlines meant that he occasionally got laid off and rehired over and over again.

Due to this, he always made sure to budget his money well.

He always had an emergency fund, he always made sure he spent less money than he made, and he always made sure to put as much money as he could towards retirement.

My dad did anything and everything to make sure that as kids we didn’t have to worry about money or go without anything that we needed. It’s a trait of his that I loved. Even when he would get laid off, he never acted like it was a big deal because he was always prepared.

Related:

  • How To Live On One Income
  • 75+ Ways To Make Extra Money

 

He taught me that credit can be used to my advantage.

The topic of credit cards and credit came up a lot when I was younger.

I remember one day my dad was complaining about a scammy credit card commercial. I was super young and said, “I’m never going to have a credit card!”

My dad then told me that credit cards could be used to my advantage if I used them correctly. He then taught me all about how to use credit cards at a young age, and I now use credit cards very often to earn awesome rewards and bonuses.

Just in the year of 2015, I earned over $4,000 in cash back through my credit cards by spending just like how I normally would.

Thanks Dad for another great money lesson!

 

He taught me that money doesn’t have to limit you.

Out of all of the money lessons he taught me, this last one is probably the most important.

Even though my dad passed away too young, lived on a budget, and saved for a retirement that he never got to experience, I truly believe that he still lived the life he wanted to live.

He was still able to travel all over the world and he visited many, many countries. I’m not sure how many countries he visited but I’m sure it was well over 50.

I think the most important money lesson that I learned from my father is that money doesn’t have to control you. Even though you will never know when your last day is, you can still save and spend your money wisely, while also living the life you want.

Too many people believe that they can’t lead a good life on a budget. That is not true at all. You can still live a great life while managing your money, and without regret.

What financial lessons did your parents teach you? What financial lessons will you make sure you teach your children?

 

Related Posts

  • 40 Ideas That Will Help You Learn How To Live Your Best Life40 Ideas That Will Help You Learn How To Live Your Best Life
  • My Quest To Be More Present And Enjoy Life MoreMy Quest To Be More Present And Enjoy Life More
  • When was the last time you did something that scared you?When was the last time you did something that scared you?
  • 9 Ways to Live an Extraordinary Life9 Ways to Live an Extraordinary Life
  • 11 Reasons to Choose RV Life11 Reasons to Choose RV Life
  • The Less You Own, The Less That Owns YouThe Less You Own, The Less That Owns You
357 shares
  • Facebook85
  • Twitter
  • Reddit
  • LinkedIn
  • Email

54 Comments
Filed Under: Budget, Life, Travel Tagged With: Budget, Life, Travel

About Michelle Schroeder-Gardner

Michelle is the founder of Making Sense of Cents, a blog about personal finance and traveling. She discusses how her business has evolved in her side income series. She paid off $40,000 in student loans by the age of 24 mainly due to her freelancing side hustles. Click here to learn more about starting a blog!

Comments

  1. giulia says

    April 18, 2016 at 2:49 am

    Totally agee, for years I’ve spent money because seemed that if you can spend you can have fun, when I decided that was the time to think about future and starting to have a budget I understood that is possible to have great fun and social life also without spending money!!!:D I’m sure you’ll dad left you great tips for your financial life:D

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:45 pm

      Thanks!

      Reply
  2. Eva @ Girl Counting Pennies says

    April 18, 2016 at 4:02 am

    It is so sweet of you to dedicate today’s post to your father, Michelle. I’m sorry for your loss. My Dad passed away on 28 April two years ago, and I don’t think I’ll ever get over it.

    My parents did not teach me a lot about money. We never really talked about money. I’m not sure why. I guess my parents thought I’d learn one day. This is why I want to make sure I teach my children as much about money as I can so that they can make better financial choices and manage their money responsibly.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:49 pm

      Thank you Eva 🙂

      Reply
  3. Lloyd says

    April 18, 2016 at 4:09 am

    A lovely post Michelle. I’m sorry to hear you lost your Dad to cancer. Both my parents have fought cancer and continue to fight through the lasting effects. My Dad has been left blind with an inoperable brain tumor and my Mum is still classed as terminal, despite her being diagnosed 10 years ago. It’s a terrible disease.

    On a lighter note, my parents were never wise with money. They were not stupid but they were very averse to risk. One thing I would recommend to every parent out there is to buy a copy of the kids version of Rich Dad, Poor Dad. The adult version is awesome in it’s own right but the children’s version is a great way to teach your older children and teenagers. I hope the recommendation helps other parents reading this.

    Reply
    • Amanda says

      April 18, 2016 at 5:21 am

      Thanks for sharing Lloyd and Michelle. It’s hard to lose a parent or to always worry about their health. Lloyd I decided to reply on your comment because Rich Dad Poor Dad was the book that motivated me and changed my mindset. My parents did what their parents taught them and didn’t provide us with financial lessons either. Thanks for sharing both of you.

      Michelle I also love that your dad was a traveler and how he fit traveling into his life. I plan on doing that soon!

      Reply
      • Michelle Schroeder-Gardner says

        April 18, 2016 at 12:50 pm

        Thank you Amanda 🙂

        Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:50 pm

      I’m sorry Lloyd. It is a terrible disease.

      Reply
  4. Helen Case says

    April 18, 2016 at 4:22 am

    A very sweet post, Michelle! You were definitely blessed to have the relationship you had with your father, and especially the take-away financial lessons. I’m a new reader and always enjoy reading your posts. Keep up the good work!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:50 pm

      Thank you Helen 🙂

      Reply
  5. KaSonndra says

    April 18, 2016 at 4:25 am

    Hi Michelle… First I want to say how much I truly adore your blog. It has been such an inspiration for me throughout the past year since I started reading it. Your advice on blogging and tips on living a frugal life have been invaluable to me. This article struck a chord with me because I’m at the point where I’m transitioning to a new lifestyle, one where I can afford to travel and do the things I love because of the money I’m making from my blogs and writing. I especially want to have the means to travel. The bug has bitten me and I haven’t been able to do much jetsetting since buying my home eleven years ago. The inspirational tips your dad gave you have now inspired me to do the same. Thanks so much for your fabulous blog!

    Have a great day!
    KaSonndra

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:52 pm

      Thank you 🙂

      Reply
  6. Brian @DebtDiscipline says

    April 18, 2016 at 5:02 am

    Great lessons from your dad! We are teaching our three children as many lesson as possible as they begin their financial lives. Things like budgeting, living within your means, compound interest, and that its okay to talk about money.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:52 pm

      Awesome!

      Reply
  7. Kathryn @ Making Your Money Matter says

    April 18, 2016 at 5:31 am

    My parents taught me to be patient and not go into debt to have what I wanted right away when I was just starting out. We had hand-me-down couches and inexpensive Craigslist furniture for at least 4 years after getting married until we could afford to buy new things debt-free and we were so grateful we avoided the debt. Many of my friends had much nicer places with much nicer things, but regretted starting out behind financially. I was a little jealous at the time, but certainly not now!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:53 pm

      Yes! Great job!

      Reply
  8. Sarah Noelle @ The Yachtless says

    April 18, 2016 at 6:22 am

    Your dad sounds like he was a very wise and caring man, Michelle. Thanks for sharing this today.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:53 pm

      Thanks 🙂

      Reply
  9. Larry says

    April 18, 2016 at 6:27 am

    Hi Michelle…I’ve been visiting your site and receiving your newsletter for a while now. While I always find heaps of useful information in the things you share, I found reading this post this morning particularly enjoyable and moving. Thanks so much for sharing it. Your dad gave you such an amazing legacy.

    Larry

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:53 pm

      Thank you Larry 🙂

      Reply
  10. Natalie @ Financegirl says

    April 18, 2016 at 6:29 am

    Sending you lots of love today!!! Sounds like your memories are amazing – and I’m sure they extend far beyond money.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:53 pm

      Thank you 🙂

      Reply
  11. Kalie @ Pretend to Be Poor says

    April 18, 2016 at 6:30 am

    Beautiful reflection, Michelle. I especially like the last lesson. I want to teach my children that money doesn’t have to be the main controlling factor in life, and that money is meant to be shared with those less fortunate. I think the two go hand in hand because when we are wise with our money we are not afraid to share.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:54 pm

      Thanks!

      Reply
  12. Melanie says

    April 18, 2016 at 6:34 am

    Thank you for sharing the wonderful advice from your father. I lost my father in 2013 and will never forget the financial (and life) advice that he gave me.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:54 pm

      I’m so sorry for your loss.

      Reply
  13. The Green Swan says

    April 18, 2016 at 6:43 am

    Great read. Thank you for reflecting on your loss to help spread the word for the rest of us. These are some great things to keep in mind as I raise my young son. The tip about traveling is my favorite as my family makes sure to budget for these memories.
    The Green Swan

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:54 pm

      Thank you

      Reply
  14. Apathy Ends says

    April 18, 2016 at 6:49 am

    I always admire people that sacrifice to do the things they love to do. People get caught up trying to mimic their neighbors even when they don’t truly enjoy the items they buy.

    Love reading about parents teaching their children about personal finance, it sounds like his lessons stuck with you!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:55 pm

      Thanks 🙂

      Reply
  15. Holly@ClubThrifty says

    April 18, 2016 at 7:09 am

    This is such a sweet post, Michelle! I’m sure your dad would be so proud of you right now!!!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:55 pm

      Thanks Holly!

      Reply
  16. Nutty Hiker says

    April 18, 2016 at 7:20 am

    We use credit cards to our advantage as well for the points. We always end up “making” around $2,000 a year by just using them like we normally would. We tend to use this for our yearly summer vacation. Of course the key there is to never carry a balance.
    ~Bridget | http://nuttyhiker.com

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:56 pm

      Nice!

      Reply
  17. Colin Ashby says

    April 18, 2016 at 7:45 am

    Heartwarming and beautiful to read. I’ve contemplated getting my pilot’s license. It’s so awesome you were able to gain so much insight from your dad. I never really learned a lot about money from either of my parents. Their lives were filled with lots of debt and buying possessions rather than experiences. I feel as if my fondness of all things personal finance developed from wanting to be better with money than my parents were.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:56 pm

      Thank you.

      Reply
  18. Shaquetta says

    April 18, 2016 at 8:14 am

    This is amazing! I believe I’ve learned these lessons along the way but it sure feels great to get confirmation from your Dad that I’m right on track.

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:56 pm

      Thanks 🙂

      Reply
  19. Norman says

    April 18, 2016 at 8:28 am

    This is such a heartwarming post. I’m sorry to hear about what happened. It is great that he instilled a lot of positive financial habits into you early on in life.You just reminded me that I need to spend more time with my parents. Thanks for your article!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:57 pm

      Welcome 🙂

      Reply
  20. Michelle says

    April 18, 2016 at 11:47 am

    Thank you so much Michelle for sharing your dad with us 🙂 He sounds like a wonderful man. Now we know where you got your love of travel from!

    Reply
    • Michelle Schroeder-Gardner says

      April 18, 2016 at 12:57 pm

      Yes, he was a wonderful man 🙂

      Reply
  21. Michelle Schroeder-Gardner says

    April 18, 2016 at 12:56 pm

    Yes!

    Reply
  22. Kim Cobb says

    April 18, 2016 at 6:51 pm

    My dad passed away on this day also, but in 2004. He taught me to be careful with my finances for which I am very grateful.

    Reply
  23. Kristin says

    April 18, 2016 at 9:58 pm

    These posts are always so hard to read :/ Do you listen to country (haha, I know a lot of people don’t) but there’s this song called You Should Be Here and it’s everything. My parents always raised me that I could be anything I want and that all big business decisions happen on the golf course (hence the golf lessons growing up)

    Reply
  24. Kaitlynn Marie says

    April 19, 2016 at 8:19 am

    Sadly my parents taught me how to live above my means and never believed in a budget. My dad once had a thriving business that his ex-wife ruined for him. Though I suppose they taught me one valuable lesson: don’t do what they did. Don’t live paycheck to paycheck because you know how hard that is. Don’t waste money on stupid things (like addictions, my parents’ happened to be cigarettes) and save wisely. I’m still learning how to manage my money, but honestly your blog has been astoundingly helpful to me. I’m so glad I stumbled upon it a few months ago on Pinterest.

    Reply
  25. Tiffany Griffin says

    April 19, 2016 at 11:36 am

    Honestly, while I have great parents, they never really taught me any financial lessons. Unless showing me what not to do counts. 🙂

    Everything I’ve learned, I’ve learned on my own and with my husband. From reading this post, I can tell that you love your dad dearly. You are lucky to have had parent who taught you so many great lessons.

    Reply
  26. Lindsey says

    April 19, 2016 at 11:39 am

    My dad was the exact opposite of yours. He is terrible with money and still is. He treats debit cards like credit cards and is always spending more money than he has. When my mother was still around it took her taking away his debit card just to get things on track. She always managed to find ways to give a little extra to those in need and give us everything we could ever want. I feel like she did everything she wanted to do though, and they went on a lot of adventures together. But I guess he needed my mom to keep him on track

    Reply
  27. DC @ Young Adult Money says

    April 19, 2016 at 11:56 am

    Very cool, Michelle. I think it’s so great that your Dad loved travel and extended that to you. Based on your travels around the US it’s pretty clear you inherited that passion!

    Reply
  28. Latoya @ Life and a Budget says

    April 19, 2016 at 8:57 pm

    This is an incredible post Michelle! I want my kids to understand a budget is not a restriction on the quality of life you can have. It’s awesome your dad provided you with such great lessons as a child. Not everyone receives these lessons and that is not something I want for my kids.

    Reply
  29. Nicole says

    April 20, 2016 at 6:01 pm

    “Too many people believe that they can’t lead a good life on a budget. That is not true at all. You can still live a great life while managing your money, and without regret.”

    That last line couldn’t be more true! In fact, I like to look at budgeting as a fun challenge. Just cut our wireless bill significantly. It’s going to be 1/3 what it used to be and I’m so excited!

    Reply
  30. Sebastian(Wealth Manager) says

    April 23, 2016 at 12:55 am

    Great blog post and the life lessons shared here is worth learning! I think money is important in life but you’ve to earn and spend it honestly to enjoy the life and happiness of contribution. Managing finance is very challenging in every step of life, you’ve to be creative every time.

    Reply
  31. Brittney @ Life On A Discount says

    April 24, 2016 at 7:42 pm

    I am sorry that your father passed away so young, but it’s clear he taught you a lot and had a profound impact on your life.

    He taught you some great lessons and had some beliefs about money that I wholeheartedly agree with overall. Money is a tool, how you use it will impact you either negatively or positively, but you can control that.

    Reply
  32. Kelsey @ Tealmama says

    April 25, 2016 at 12:18 pm

    Thank you for sharing, Michelle. This post hit close to home. 🙂 Your Dad reminds me a lot of my Dad. He also taught me to manage money well but also enjoy life in the process.

    You have been an inspiration to me as I am starting my new blog. I am also a former finance analyst 🙂 Thanks again.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Making Sense of Cents welcome page photo
Hello and welcome!
My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.

As Seen On

as seen on
How To Start A Blog
making sense of affiliate marketing for bloggers
My Monthly Online Income Reports
My Student Loans Are Gone - How I Paid Off $38,000 In Student Loans
How To Prevent Financial Fraud From Happening To You
Buying a House at 20 (How I did it)
How To Make Money Blogging Picture
How To Save 50% Or More Of Your Income Picture
How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
75+ Ways To Make Extra Money

 

HOME
ABOUT
CONTACT
FREE FB GROUP

PRIVACY POLICY
TERMS OF USE
DISCLAIMER / EARNINGS DISCLAIMER
Copyright © 2011 - 2023. All Rights Reserved.

© 2023 Making Sense of Cents
Design by Lennox Creative Co.