Dads are great – they’ve always got a wise word, a quirky joke or an informed opinion to share on just about any topic you can think of. And if they don’t, they’re usually happy to make something up.
Well, it’s Father’s Day this Sunday, 3 September, and people all around Australia are going to be celebrating what makes their Dad, well… Dad. To mark the occasion, the Mozo team thought we’d share some of our favourite financial dad-isms.
1. When you pay the bills, you can make the rules.
Dad’s house, Dad’s bills and Dad’s rules. This might have seemed like an unfair set-up when you were a teenager, but what it really is is a lesson in financial freedom – when you’ve got the money to pay your own bills, you get to be in charge of your own life.
Which is all the more reason to keep track of your budget and have an emergency fund built up!
2. If you think nobody cares whether you’re alive, try missing a couple of car loan repayments.
Dad thinks he’s the funniest guy on the planet – and ok, we laugh at his jokes too. But a pearl of real wisdom lies in this witty dad-ism – start forgetting to make repayments on your new car loan, and you might find yourself in trouble quicker than you think!
3. The best way to double your money is to fold it and stick it in your pocket.
If there was ever any truer saving advice, we haven’t heard it. Dad’s method may be a bit old school though – these days, sticking your cash in a high interest savings account might be a better strategy to grow your savings pile.
4. Money doesn’t grow on trees, y’know.
Oh, we know. As much as we sometimes wish ten dollar notes would crop up like leaves on a tree, Dad made sure we knew the value of a buck. And now, we know how important it is to spend frugally.
Other familiar takes on this sentiment include “What do you think I am, a bank?” and “I’m not made of money.”
5. Why pay good money for jeans that already have holes in them?
Dad’s just don’t get fashion, that much is clear from the cargo shorts and socks with sandals that are regular players in every father’s wardrobe. But more than just having a bone to pick with modern clothing trends, this is an important lesson in getting what you pay for.
If you’re paying for quality, you should be getting quality – and pre-torn jeans just don’t count in Dad’s eyes.
6. You’ll appreciate it more if you buy it with your own money.
Dad has done a good job of instilling in us an appreciation of the value of hard work, and the fact that every dollar we spend is a dollar we have to earn.
7. …ask your mother.
You know how it goes:
“Dad can I have a new Xbox?”
“… ask your mother.”
Nine times out of ten, this one means either “The answer is no, but I don’t want to be the one to say it” or “The answer is yes, but I’ll be in trouble if I’m the one to say it.”
Who knew Dad was such a diplomat?
Got a favourite dad-ism we’ve missed? Share it in the comments!