People who grew up without much money , how does that influence your lifestyle choices?

My family didn't have much money growing up. Not dirt poor, but living paycheck to paycheck. Often we ran out of money before the end of the month.

We really just had the basics, and low quality basics at that - cheap food, falling apart car, run down house. Very little money for extras like hobbies, entertainment, etc.

Some people in the neighborhood did a little better than us, like having a car that wasn't a complete piece of junk. No one I knew in real life was rich or even well off.

I think because of that, my desires in life were pretty modest. I wanted to live someplace halfway decent, eat good quality food, pay all the bills and have money left for hobbies and entertainment. I have that now. It may be modest, but it is a huge step up from my situation growing up.

I was curious whether others who grew up in similar circumstances are content with a modest lifestyle or desire all the expensive stuff they didn't have growing up. Or maybe something in-between.
Absolutely content with a modest lifestyle. Feel more intelligent/victorious every time I refuse to spend on things that aren't real sources of joy.

Raised by single mom with modest income and German attitude towards debt (you are scum if you fail to meet your obligations).
 
I lived a shyty, childhood. We were poor in a poor town. Dad was alcoholic and manic depressive. Parents divorced when I was 10. After that mom moved a parade of live in boyfriends into the house. She was a bartender and waitress. You could say she did her best…but she didn’t.
Yes, it impacted all of us. I was extremely embarrassed. I have three siblings who have been unsuccessful in life. We are all estranged from each other. For me it’s because I can’t believe the choices they made and they all want a financial handout.
As a child I always knew it did not have to be this way. I was envious of kids with stable families.
I worked hard, looked to the future, made some poor choices but kept going. I believe I live a blessed life now, retired comfortably at 57.
My childhood made me frugal and driven to succeed.
 
3. Who I would date and marry. I learned to be wary of females who focused on "you should spend money on me".
+1

When I was in a psychology class one day we were discussing reasons for dating. One of the girls gave "to save money" as a reason to date. Her logic was that dating meant she did not have to pay for meals out or for event tickets.
 
I was the oldest of seven, never had food outside of the home, kool-aide and popcorn were our TV time treats once a week perhaps. I never ate in a restaurant until age 16 or 17. By the age 9, I was delivering papers -and didn't stop working for wages until age 59. I recall loaning my father money for a new TV when ours went out -age 12. I was totally on my own by age 18. I know how to budget and do without. Now, money is accumulating in my accounts, I get what I want when I want for most of my life. But my desires are basic and I am content - no conspicuous consumption train for me and I continue to budget, generously but still work within a budget.
 
I was the oldest of seven, never had food outside of the home, kool-aide and popcorn were our TV time treats once a week perhaps. I never ate in a restaurant until age 16 or 17. By the age 9, I was delivering papers -and didn't stop working for wages until age 59. I recall loaning my father money for a new TV when ours went out -age 12. I was totally on my own by age 18. I know how to budget and do without. Now, money is accumulating in my accounts, I get what I want when I want for most of my life. But my desires are basic and I am content - no conspicuous consumption train for me and I continue to budget, generously but still work within a budget.
Similar. I never had spending money until I worked for it. I delivered papers, then I got a work permit at age 12 so I could caddy at the local country club. $10/round for 4 hours work. The golfer would buy me a coke and a baby Ruth at the turn and then if I was lucky tip me $2 at the end. That led to pumping gas, dishwasher, bus boy, janitor during summer breaks in college, then selling door to door and my one glamorous job of taking inventory at Harley Davidson. I then got my degree and the rest is history. So I pretty much have worked since 10 or 11 years old.
 
My story is a lot happier than many here. Dad was a metallurgical engineer, Mom was a traditional wife and I had 4 siblings. They made it very clear from the beginning that they were saving for our college educations and there wasn't a lot of room in the budget for frills. Vacations were road trips. I still remember leaving Ohio around 10 PM and Mom and Dad driving through the night to get to the Outer Banks 12 hours later. Ugh. They avoided debt except for a mortgage- Mom waited years till she could buy furniture for the living and dining room and pay for it "90 days, same as cash". They were VERY good examples.

But (insert world's smallest violin here)- I yearned to go to Europe. Don't ask me why. I just did. In HS, a couple of teachers (husband and wife) took a group of kids to Europe and traveled around in a camper. I SO wanted to go. I didn't even ask. The cost was not manageable on my babysitting income and I couldn't ask my parents to make me a Special Snowflake and hand over the money.

They did put all of us through college, bless them. I was determined to get a degree in something that would get me a decent income and got an entry-level actuarial job with my Math degree. Two years after graduation when I had twice the cost of a trip saved up, I went to London and Paris. Some of my coworkers said, "Must be nice". I reminded them I was driving a crappy AMC Hornet I'd bought used.

I've now lost count of the number of times I've crossed the Atlantic and I'm not done yet. I was sidelined for a few years while my son was little and I was married to a spendthrift first husband but managed to get into the international end of the insurance business and traveled a lot on the company dime. I still drive a very modest car (2020 Honda Civic).

Sometimes it's OK to leave your kids a little "hungry" for the extras so they're motivated to get it for themselves.
 
I would not say I grew up poor, but there was "no room for error". Perhaps being one of 7 children, I never expected we would have a lot. I never recall missing a meal, though certainly the meal was not always want I wanted to eat. For Christmas we could expect one toy, but I never felt deprived. My dad's famous line when we asked for something was to smile and say "who do I look like, Rockefeller?" (This struck me as funny many years letter during my working years when I did meet a member of the Rockefeller family). He bought a new car every 10 years. My mom was a SAHM except when my parents decided to make a major purchase on credit (which was not more than every few years), then she would work so that they could pay it off quickly. They had a solid religious and savings foundation that I did not fully appreciate until I started living on my own. Most of all, they focused on us 7 kids all getting along, something which has been much more valuable than having possessions.

Many of my friends growing up were in that (or worse) situation, so I really never felt jealousy. I did not run into people that had a lot until I went to an Ivy League college, and frankly I felt more ridicule than envy towards those students that flaunted their wealth. However, I also became friends with those whose families had a lot more money than mine, but were good, kind, friendly, and had a strong study and work ethic. As I stated in another tread, when we get together now, what we have is more the subject of jokes and putdowns.

I can only think of 3 things growing up that influenced my lifestyle choices as an adult:
1. I cannot eat liver. Had enough of it as a child, I choose to never again eat it.
2. I wanted a house with land. I grew in an apartment building with a small concrete courtyard, then a semi-detached house with a 400-500 square foot mostly concrete backyard. I would enjoy visiting friends who have detached homes and grass lawns and backyards, and that was my goal. Living in such a house on 1+ acre of land achieved this dream.
3. Who I would date and marry. I learned to be wary of females who focused on "you should spend money on me". When in college I had to cancel a date opportunity with a woman who then, instead of accepting date offers she received for the event from other guys, said "lets just get some food from the dining hall and go have a picnic", I thought "this might a woman who likes to be with me just for me". After almost 42 years of marriage, I think that might still be true :) .
Similar except that I was one of 11 kids as part of a blended family. (I never could eat liver, by the way, with the exception of deep-fried chicken livers). When I was very young (2 or 3 years old), my parents went through a bankruptcy and lost their house. Later, my Dad was a supervisor at a large company which shut down its office in our small town. Like most of his peers, he started his own business after that. Unlike his peers, he refused to expand like they did and remained a 1 man operation, so there was also "no margin for error" with us, either. If I had to hazard a guess, the bankruptcy shook him and made him very risk averse.

We never took a real vacation, opting to visit my grandparent's lake house for a week, once a year. Never went to restaurants, with an occasional fast food run being the treat.

I was different than my siblings as I both liked and did well in school. It wasn't until high school that I realized we were somehow different than my solidly middle class friends' families were. It was at that point that I knew I had to get out of there. Went to the state's flagship university (thank you cheap student loans, summer jobs, and Pell Grants), graduated and moved out of state as quickly as I could to work in the semiconductor industry.

First real girlfriend in college wanted to do what my dad wanted and that was to have kids until she no longer could. Hard pass. Finally met somebody (an only child) who had a similar mindset about money and kids as I did. 36th anniversary coming up this year and our one kiddo turns 24 this year. I retired in 2023 after nearly 40 years in the semiconductor industry.

My career choice turned out to be a good one. We saved a lot, but we also have enjoyed ourselves with frequent traveling, nice restaurants, a great house on a large piece of land. There was almost never a case that a decision was made not to spend because we couldn't afford it. Regardless, we both have a slightly frugal streak, and it does sometimes take us quite a while to make up our minds to go ahead and make a spend for larger items. That's OK.

Ultimately, all of my siblings pulled themselves together with only one of them being in something of a marginal state, but even he is working and paying his bills. A couple have passed on, and I think only 2 of the survivors are not yet retired. I love them dearly and don't get to see them nearly often enough as all but 2 of us live within 50 miles of where we grew up. And the 2 of us who don't live there, just happen to live in the same city in another state.

Cheers.
 
I come from a large family. Even though we all grew up in the same circumstances, the way money is viewed and handled is totally different among the siblings. The same applies to DWs family.

There clearly is something other than personal circumstances at work.
 
Came from a family of 5 siblings. 4 of the 5 handle money pretty much the same. The 5th, not so much.
 
Similar. I never had spending money until I worked for it. I delivered papers, then I got a work permit at age 12 so I could caddy at the local country club. $10/round for 4 hours work. The golfer would buy me a coke and a baby Ruth at the turn and then if I was lucky tip me $2 at the end. That led to pumping gas, dishwasher, bus boy, janitor during summer breaks in college, then selling door to door and my one glamorous job of taking inventory at Harley Davidson. I then got my degree and the rest is history. So I pretty much have worked since 10 or 11 years old.
My dad started paying me (25 cents/hour) when I turned 9. Before that, I w*rked at the family business - for room and board.
 
Mine was about the same as yours except we lived in a housing project ("the "projects"). My parents were alcoholics and we had just about nothing of value. I escaped by joining the military in 1964 where it made a man out of me and gave me some goals to shoot for. I used the G.I. Bill to help pay for college (I worked a job for the rest).
My childhood was yours, 12 years later. Joining the Navy saved me.
I'll always be LBYM but I also know now that I have enough. My greatest wealth is my adult children, all three still serving in the military.
 
I grew up poor. Was embarrassed to get free lunch at school so I often wouldn't eat. Worked for 35 years blue collar. Saved everything I could. Hope to retire in 2 years. However if I see someone working hard to make a buck like a waiter or waitress I will tip at least 50$ to 100$ . I am still accumulating for retirement , but I will do what I can to help someone trying to get ahead. I know how hard it really is.
The way your grew up defiantly affects how to act in adulthood..
 
I grew up in the back hills of Appalachia on a farm. The closest stop light was 1.5 hours away. Compared to most others in the USA we were poor, but we didn’t know it. I married my high school sweetheart. Neither of our parents were smart about money, so we had to figure it all out ourselves. We used envelopes for each of our bills (needs). Plus each got a monthly allowance (wants) which did not have to be justified to the other. The allowance amount, started at $10 per month and was calculated as a percentage of our NW. So, if you wanted a bigger allowance you must first increase your NW.

Here is a snapshot of my early life. Dirt road, outhouse, no running water, snow would blow in around the windows during the night. Mom would sweep up the snow first thing in the morning before she lit a fire in our one stove, otherwise the snow would melt once the house got above freezing. The only food we bought was canning lids or wax, sugar, salt, flower. Made most of our clothes and quilts, repaired our own shoes etc. Cured our own meat, tanned our own leather. Worked from “can to can’t”.

This life taught me what hard work is all about. We made many money mistakes early on, but they were all small dollars. One month just after we were married we had to sell our wedding rings to pay the rent. I retired at 60 and 10 years later still live well below my means. I guess I lived in the bottom 1%, and now the top 1%.
Life would have been easier if our parents talked to us about money and we weren't so poor.

We are not so frugal today, we own luxury cars, airplanes, travel internationally 1st class etc. But still live well below our means. Our withdraw rate is 0.5%. I am by nature a saver and slow to spend. There isn’t anything I want. Don’t intend to give family anything other than mementos at death, as the struggle of life builds character and teaches you life long lessons. Today we give money to family & friends only when they are down and out, but not so much that they become dependent and give up their own struggle. Fear and greed keeps you motivate you in life struggles.

Upon death our trust will give away anonymously to what we see as worthy causes. Never shared our NW with the family. A billionaire I worked for gave me some advice. It’s very good to talk about money with friends and family, but don't talk about the amounts.
 
I grew up in the back hills of Appalachia on a farm. The closest stop light was 1.5 hours away. Compared to most others in the USA we were poor, but we didn’t know it. I married my high school sweetheart. Neither of our parents were smart about money, so we had to figure it all out ourselves. We used envelopes for each of our bills (needs). Plus each got a monthly allowance (wants) which did not have to be justified to the other. The allowance amount, started at $10 per month and was calculated as a percentage of our NW. So, if you wanted a bigger allowance you must first increase your NW.

Here is a snapshot of my early life. Dirt road, outhouse, no running water, snow would blow in around the windows during the night. Mom would sweep up the snow first thing in the morning before she lit a fire in our one stove, otherwise the snow would melt once the house got above freezing. The only food we bought was canning lids or wax, sugar, salt, flower. Made most of our clothes and quilts, repaired our own shoes etc. Cured our own meat, tanned our own leather. Worked from “can to can’t”.

This life taught me what hard work is all about. We made many money mistakes early on, but they were all small dollars. One month just after we were married we had to sell our wedding rings to pay the rent. I retired at 60 and 10 years later still live well below my means. I guess I lived in the bottom 1%, and now the top 1%.
Life would have been easier if our parents talked to us about money and we weren't so poor.

We are not so frugal today, we own luxury cars, airplanes, travel internationally 1st class etc. But still live well below our means. Our withdraw rate is 0.5%. I am by nature a saver and slow to spend. There isn’t anything I want. Don’t intend to give family anything other than mementos at death, as the struggle of life builds character and teaches you life long lessons. Today we give money to family & friends only when they are down and out, but not so much that they become dependent and give up their own struggle. Fear and greed keeps you motivate you in life struggles.

Upon death our trust will give away anonymously to what we see as worthy causes. Never shared our NW with the family. A billionaire I worked for gave me some advice. It’s very good to talk about money with friends and family, but don't talk about the amounts.
One question....did you buy new wedding rings?
 
I grew up in the back hills of Appalachia on a farm. The closest stop light was 1.5 hours away. Compared to most others in the USA we were poor, but we didn’t know it. I married my high school sweetheart. Neither of our parents were smart about money, so we had to figure it all out ourselves. We used envelopes for each of our bills (needs). Plus each got a monthly allowance (wants) which did not have to be justified to the other. The allowance amount, started at $10 per month and was calculated as a percentage of our NW. So, if you wanted a bigger allowance you must first increase your NW.

Here is a snapshot of my early life. Dirt road, outhouse, no running water, snow would blow in around the windows during the night. Mom would sweep up the snow first thing in the morning before she lit a fire in our one stove, otherwise the snow would melt once the house got above freezing. The only food we bought was canning lids or wax, sugar, salt, flower. Made most of our clothes and quilts, repaired our own shoes etc. Cured our own meat, tanned our own leather. Worked from “can to can’t”.

This life taught me what hard work is all about. We made many money mistakes early on, but they were all small dollars. One month just after we were married we had to sell our wedding rings to pay the rent. I retired at 60 and 10 years later still live well below my means. I guess I lived in the bottom 1%, and now the top 1%.
Life would have been easier if our parents talked to us about money and we weren't so poor.

We are not so frugal today, we own luxury cars, airplanes, travel internationally 1st class etc. But still live well below our means. Our withdraw rate is 0.5%. I am by nature a saver and slow to spend. There isn’t anything I want. Don’t intend to give family anything other than mementos at death, as the struggle of life builds character and teaches you life long lessons. Today we give money to family & friends only when they are down and out, but not so much that they become dependent and give up their own struggle. Fear and greed keeps you motivate you in life struggles.

Upon death our trust will give away anonymously to what we see as worthy causes. Never shared our NW with the family. A billionaire I worked for gave me some advice. It’s very good to talk about money with friends and family, but don't talk about the amounts.
Very impressive!

Now, we didn’t have much growing up, and like I said in a previous thread, when the money ran out before the month did, we got to go eat at Grandpa & Grandpa’s, which was a treat, but I didn’t know why at the time. Now, we had indoor plumbing, but limited funds so very little oil was burned. And so, I split wood, stacked wood, weeded my parent’s garden (and then weeded the neighbor’s for a whole dollar), shoveled snow, and walked along the roadside to collect cans because they were worth 5 cents each.

My upbringing pales in comparison to yours, but it’s SAD that these kids today don’t experience any of that. They’re indoors most of the time, and if they are outdoors, it’s to go to their own car, or jog, because they don’t have chores to do to burn calories. The girl behind me was given a very nice second hand car at 16. I never had my own car until I was 24, and it was a rough one at that. The kid to my left doesn’t mow nor shovel snow. The father uses a snowblower when it snows, the lawn service mows the lawn. As for heat, it’s centrally provided, and A/C over here as well. My A/C was an open window at night or the front porch.

These younger folks don’t know what it was like and never experienced doing without. It’s really a weakening of our moral fabric in this country and these kids have it rough.

These kids don’t even know what phone calls used to be like. A long distance phone call was infrequent, made after 8 pm when the rate went down, and you talked really fast.

The other day I was at work, and I’m a generation older than everyone else, at least, and I start to realize how much different it was growing up then vs now. Some know I have a vehicle with a millennial anti theft device (stick shift) and if that doesn’t make them think I’m a walking antique, the crank windows makes them think I’m from another planet.
 
One question....did you buy new wedding rings?
We never did. When we got married we each had the simplest of wedding bands. Once we could afford better rings my wife said she didn't want one. So today neither wear any rings. But there was a period when I thought I should have fancy watches and rings. At one point in our life we bought expensive jewelry but afterwards decided we didn't feel comfortable showing off expensive jewelry.
 
Very impressive!

Now, we didn’t have much growing up, and like I said in a previous thread, when the money ran out before the month did, we got to go eat at Grandpa & Grandpa’s, which was a treat, but I didn’t know why at the time. Now, we had indoor plumbing, but limited funds so very little oil was burned. And so, I split wood, stacked wood, weeded my parent’s garden (and then weeded the neighbor’s for a whole dollar), shoveled snow, and walked along the roadside to collect cans because they were worth 5 cents each.

That reminds me.... Once someone asked me; Do you remember your first phone number. I said sure, it was; 1 long & 2 shorts. They didn't have a clue about what I was talking about. I would say my quality of life was very much like those who grew up in the late 1800's. Life for me was pretty much the same as my great grandfathers life. My wife for lunch in college would take a tea bag and get the free cup of hot water. Lot's of such memories.

Approximately 692 million people worldwide live in extreme poverty, defined by the World Bank as surviving on less than $2.15 per day. This figure represents about 8.5% of the global population. So everything is relative. The poorest in the USA don't know how good they have it vs. those 692 million.

I find happiness for me comes from setting a goal and then achieving it, then rinse and repeat. It's good if one generation does better than their parents. The other case must be one a life filled with disappointments .

I was fortunate in that I was; born, male, white, tall, born in the USA in this time, average intelligence, a will to never give up, plus a good measure of good luck. Not everyone has those advantages.
 
Interesting stories here with some similar themes.

As a Gen X'er, I grew up in middle class neighbourhood. Business was up and down for my parents so a lot of times, as kids, we had clothes made for us, very economical but tasty stews and casseroles. It was a simpler time in many ways.

When I talk to my Dad about the 80s and the sky high interest rates at time, he usually says, well, it was tough but we just made cut backs and got through somehow. In 1985ish I remember we moved neighbourhoods & I recall it was a huge deal that we were buying a $350k house! ($200K USD approx)

Somehow I got taught the value of a dollar and hard work. I'm a saver more or less but also appreciate there are times to spend wisely on nice experiences or trips that you don't forget.
 
In elementary school did not feel I could ask for basketball shoes, so didn’t play. One summer between college years, my father told me, he may have to file bankruptcy as a farmer. Sooo definitely frugal, no matter much I have now.
 
That reminds me.... Once someone asked me; Do you remember your first phone number. I said sure, it was; 1 long & 2 shorts. They didn't have a clue about what I was talking about....
Ours was 2 longs and 2 shorts. I recall that you weren't supposed to listen in, but you knew some people did, so everyone had their own special code words for use on the telephone.
 
In elementary school did not feel I could ask for basketball shoes, so didn’t play. One summer between college years, my father told me, he may have to file bankruptcy as a farmer. Sooo definitely frugal, no matter much I have now.
I can understand. I wanted to play football in high school but my dad wanted me to come home after school and work on the farm. I'm glad I did. He didn't have time to come get me after practice when I could have been home working for 3 hours. My dad was underwater on his farm mortgage and didn't need any more stress. I graduated high school found a job paying $800 a month and was loaning my dad money to get by to pay his bills in a year or two. 1986.

We made good on the 30 year mortgage and now the farm is ours. It feels like we won a battle.

To this day I am tighter than bark on a tree for myself. But, I am generous as I can be to others.
 
These stories are very heart-warming. Thanks for sharing.

I tried to let our kids know that they were not "poor" but they seemed to resent that we didn't just hand them all the stuff the kids in their classes had (the latest shoes, the logo polo shirts, the latest video game). Sure enough, they all got j*bs and earned spending money. I don't think they ever realized what it cost us to raise them. They're all doing well now and two have their own kids (heh, heh, much more fun to play with grand kids than your own kids).

Keep the stories coming. We should put together a book for today's kids to see what it was like back in the "good old days."
 
My parents were born at the beginning of the Depression, my dad’s family being especially poor. We were a working class/middle class family, not wanting for anything really, though my “allowance” was barely good for a burger and fries. But compared to many in our small town, we were upper middle, so there’s that.

My own financial struggles for a few years, exacerbated by the oil embargoes and the encroaching rust belt of the 70s, and a less than ideal marriage, convinced me that being broke wasn’t much fun, so I got pretty focused on not being broke.
 
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