My very first job was at a local Dairy Queen. I proudly held the title of “Lot Boy”, which meant I was responsible for cleaning the windows, garbage cans and bathroom. Essentially I was a janitor, and while I wasn’t actually serving ice cream, I got to eat whatever I wanted. I made $4.50 an hour (at least it was off the books), but what I lacked in salary I made up for in Royal Treats.
Shortly after I started working, my dad took me to the bank so I could open a savings account. He told me that every time I got a paycheck, I should decide how much of it I wanted to keep for spending money, and deposit the rest of it. It was a valuable lesson to instill in a fourteen-year-old, and I have continued to apply its wisdom to my finances to this very day.
Looking back though, it’s unbelievable that I actually stuck to that budget, because the whole process was unbelievably cumbersome.