I totally also agreed with the last sentance too..

I myself made the wrong financial decisions, as mentioned before, i’m not fully out of debt, but good enough now to start building that emergency funds…

I must say, when i did made the decision to live cheap, and cut back on all my wrong spendings, i never bothered me one day, until my daughter made a comment, without the knowledge of the fact.

When ever she wanted me to buy something that was not really needed for her, i would turn her down.
and it really got to her, every week being turned down, one weekend she came to visit, and once she got into the house, her entired attitude changed, from jolly to disappointed..
I wondered why, but i never questioned her..
later that evening, she said papa, can i get a such and such, so there was me with my common line (u know the situation, if it’s not needed no money will go towards it).then is when i got the shock of my life.
by her expression, i could have seen the anger in her, she said, papa, for months u have been turning me down for every thing i asked for, now i come by you, and u have 3 VCR recorders that was not there last week..
that hurt, to see, my own dauther (7years old) made that comment.
yes i had to explain to her, that a friend of mines was moving, and didn’t want to migrate with all her unnecessary items, so i got the VCR’s from her…
at that moment, i realized that while trying to make best of my financial situation, my daugther was feeling pain..
But thnigs has change since, she now get’s a monthly allowance, to buy what she wants, and also i’m teaching her about WANTS and NEEDS…well, she’s doing well, she understands that, and spend her money wisely, i see she’s going to be a good investor, (i was told by her mother, that one day she asked her to borrow some change to get some groceries, until she collected her check, it was agreed upon. – when pay day come, my dauther kindly told her, that there would be a 5 euro interst fee) i was proud of her approach, to know that she’s already know bout returns on invesment, i only know had to tell she, that u don’t make the deal after, but u agree upon before giving your money out, to avoid confusion..

but i do hope she don’t make the stupid mistakes i made..

base on some stories i read about the billionairs in the USA, most of them worked hard for thier monies, and also living cheap too saving a buck here and there, until their day came to be a millionair