Manage or be managed

Maridith does not know how to manage her money. Plain and simple. For some reason, Maridith just never learned anything about banking and finance throughout her twenty-six years of life. Perhaps this problem stemmed from when she was a little girl. Her parents always provided her with everything she needed and wanted. They never taught her the value of a dollar. To them, banking and finance was not a problem. They understood it and took for granted that in due time Maridith would too.

Perhaps a red flag should have been raised to her parents when she never managed to save up her allowance for that pink boom box she wanted when she was eight. Even though her allowance was triple that of a typical eight-year old, she somehow found something else to spend her money on every week. No matter, her parents bought it for her anyway after she pleaded with them enough. Obviously, Maridith was sheltered from the banking and finance knowledge she should have been learning as a young child.

Maridith’s ignorance towards banking and finance continued into her teens. She never had to work for her money because her parents bought her everything she wanted. Her first car was completely paid off, she never had to worry about the sky high cell phone bill she created every month, and she regularly received money to go shopping. As soon as money went into Maridith’s pocket, it went right into the closest Aeropostale, American Eagle, or movie theatre. To Maridith, even the words banking and finance were a foreign language.

Most children are lucky enough to learn banking and finance skills when they are young. If this is the case, they grow up appreciating money and being able to make good decisions about what to do with it. If these children who do not learn banking and finance skills are lucky enough, they get their way paid through college, find a decent job, and eventually figure out how to manage their money. For poor Maridith, this was not the case.

Maridith’s parents might have spoiled her, but they were not ok with her dating before she was eighteen. So, when Maridith found out she was pregnant and had to tell her parents, things went downhill pretty quickly for her. No longer, she was told, were her parents going to support her financially. She was on her own(well she had a loser boyfriend), pregnant, with absolutely no knowledge of banking and finance.

So, Maridith knew she had to do something since she had almost no money to her name. She got a job waitressing, but found that she was living paycheck to paycheck and was unable to save. For Maridith, banking and finance skills did not just appear when she needed them to. Instead, her lack of knowledge with banking and finance had her in a slump. She found herself being swallowed alive by bills and she was slowly working her way into debt.

Unfortunately, Maridith never managed to work her way out of her poor money management. Because of this, her life is affected in multiple negative ways. She is constantly stressed about money and does not feel like she can provide like she should for her daughter. Perhaps, if Maridith would have learned about banking and finance as a young child she would not have found herself in this predicament.

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