8 Things Dad Taught Us About Money

We’ve known since we were kids that our dads had a special way with words. Sometimes their advice required no explanation. Others times, we couldn’t fully appreciate the wisdom in the moment—and we may have been left to wonder.

In honor of Father’s Day, EveryDollar has decoded eight dad phrases to help you understand what Pops meant when he talked about money.

“Money doesn’t grow on trees.”

It just doesn’t. If it did, I’d be planting a forest out back. You have to work for your money.

“You have champagne taste on a beer budget.”

I’m interested to see how you plan to pay for this.

“A penny saved is a penny earned.”

It’s a good idea to set money aside. After all, money doesn’t grow on trees.

“When I was your age . . . ”

A Lego kit cost $5 when I was a kid. Now it’s $30. That’s . . . quite a price hike.

“A little hard work never hurt anyone.”

The TV will still be there when you’re done with chores.

“Don’t jump off a bridge just because your friends do it.”

I’m really questioning the decisions your friends are making. Be smart when it comes to making money decisions, and don't follow the crowd!



“Waste not, want not.”

That shirt you’re wearing now still fits. We can go shopping for clothes another time.

Whether it’s about money or life, a father’s wisdom is priceless. So take it to heart. And to all you dads out there, we wish you a happy and meaningful Father’s Day!

Put dad’s advice into practice by creating a monthly budget and tracking your spending with EveryDollar. It’s free and only takes 10 minutes to set up.