In a strange coincidence, Madame X posted this about work versus life in terms of financial management.
Last night I was talking with a friend about the very same thing. She’s a retail store manager. Recently, she took over an ailing business and has turned it around. Her one comment is that if she hadn’t been so poor while a student, she never would have been able to manage the finances of a business. She told me that her cash management and budgeting practices come directly from being an impoverished student.
In a subtle way, I suppose that’s true for myself. I learned some basics about treasury management while working an executive seminar for a business school. Later I had to reserve enough cash from a program that I was running to keep an office going through an entire fiscal year. From that, I guess I learned that you can always keep operating if you have enough cash to see you through, hence realizing the importance of an emergency fund.
Work and real life don’t have to be a disconnect. And the things you do at work can be positive on your personal life if you let it.
Anyhow, other updates, I’m feeling MUCH better and I’m using Purell like a fiend at work since I’m still coughing all over the place. (Time waits for no man and this stuff has to get done.)
I also will be transitioning over to WordPress and a new domain later on in November. Please keep your eye out for that. I will be extremely grateful for the updates!
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I was an impoverished student (and my childhood was impoverished, too), but it actually taught me poor planning. I didn’t understand that you weren’t supposed to live from paycheck to paycheck because that was my example up to that point, so I simply spent everything I had and often got more money from student loans than I should have.
I think that an impoverished financial situation can teach a lot, but they need to have some basic financial concepts first.