“Each of my grandparents has been a great example when it comes to practicing sound financial habits," Bennion says. “First and foremost, they lived well within their means.”
“They focused on quality, not quantity when it came to purchases — buying furniture that would last decades and clothing that could be worn season after season. If something was broken, they would try to fix it first rather than throw it away. My grandma still has the silverware set she got when they were married nearly 70 years ago.”
Bennion says that by not spending more than they earned and not being consumed by “things,” they were able to prioritize saving and investing their money. “This gave them the freedom to generously share with their communities and families,” she says. “I have tried to follow this example and make regular donations to organizations and causes I care about and look for opportunities for one-off moments of generosity.”
Bennion notes that today there is a much larger culture of consumption and status around material things than her grandparents ever faced. “I’ve found that consciously tuning that out, focusing on needs rather than wants and setting saving and investing goals brings a level of peace and steadiness in my finances that I don’t think I would have otherwise,” she says.
Amber Bryant – Tooele Branch Manager