money management

Money Management: Nature vs. Nurture

With Tara

Good morning Loves. Let me ask you a question, do you have siblings? I have a younger sister named Tara Marie and although we are complete opposites when it comes to our personal style, we are actually very similar in other aspects of our lives such as our money management.  Tara Marie dresses like she is walking down the runway 24/7 and I live in jeans and hoodies when I’m not at the office.  But wardrobe aside my younger sister and I actually have a lot in common.

Do you manage your money like your brothers and sisters?

Let me give you a little background information on my family life.  My parents separated when I was 16 and Tara Marie was 13, we didn’t grow up together and therefore we aren’t very close.  Although we don’t see eye to eye on a lot of subjects, our lifestyles and our money management styles are very similar.  It’s weird that in our 30s we are discovering just how many things we actually have in common.  I always thought that we were two completely different people because we lived in different households when we were younger, but it turns out that the way we manage our money is very similar.

Money management tips I share with my sister:

We don’t waste money.  I don’t overpay for anything and my sister is always looking for the best deal.  I wouldn’t say that either of us is cheap because we are willing to pay for quality – we just don’t want to overpay.   I have said it a thousand times and I will say it again, I hate paying ATM fees.  I will walk five blocks in the rain before I pay extra ATM fees (and I hate the rain).

We avoid paying for convenience.  I think it’s safe to say that Tara Marie and I don’t like paying for convenience because it’s a waste of money.  Sometimes I wish my life was a bit more convenient and I could get my groceries delivered every week, but every single Friday I carry two bags full of fresh fruits and veggies home after work because I want to save money  on the delivery fee.  My sister will wash her car at a self car wash in the middle of the cold Northeast winter if it saves her $6.  Of course it’s more convenient to sit in your warm car and let the indoor car wash work its magic but at $12 a pop my sister prefers to save money and do it herself.

How our money is different:

I love to travel and she likes to stay at home.  My sister travels once a year because it’s just not a priority for her.  She sees travelling as a luxury and would rather save the money.  I, on the other hand, love to travel.   Even if it’s just a weekend road trip I love packing my bags and getting away at least once every two months or so.

Our housing arrangements are total opposites.  I rent an apartment and she owns a home.  Actually this is the second home she has owned in the last three years.  I love renting an apartment because it’s carefree, it’s safe and it’s easy to budget.  My sister prefers to buy a home because she likes having a place to call her own.


Leave a Comment