How Often Do You Borrow Money From Your Parents Now That You Are An Adult?

You are on the right track babymc. You have a good mom, in that you can talk about this. It is a good, fundamental priciple with money to have a budget. Save first before you start spending. I know it is difficult, but another goal to set for your savings is to have $1,000 dollars in savings set aside just for emergencies. I have struggled to reach this mark , but I am almost there. I have had to change the way I spend money and deny myself some things, but having that money as a reserve gives me some comfort and less worry. The trick is to resist the temptation to take it out. You want to keep that as an emergency fund only. When you reach that goal , then keep saving. Saving is saving, no matter the amount and in time it will grow. Here is a reminder about borrowing money, from a friend or from a finacial institution. The borrower is always the slave to the lender. As long as you owe someone money, they have some sort of control over your life.

Hi Ezra! Congratulations on almost meeting your goal. I know you will be able to reach it sooner or later. As for me, even if I try to stay within but budget but often times I slip.lol! I am still working on that one though. I actually am trying to invest my money in a few business ventures every now and then. I do this since I had a bad experience with a local bank that closed. I had a time deposit savings on that bank. Good thing though, I am just waiting for them to pay me back. You have a great idea though about emergency funds. I never really looked at it that way. Thanks for the idea! Have a great day!