1950s Money Habits NOT TAUGHT Today...That We Need Back!

What did your grandmother do on payday? Mine walked every bill to its office before she spent a dime on herself, and that is the first of the 1950s money habits I walk through in this video, the old-fashioned money habits nobody teaches anymore and the ones I want back. I would not take that decade back for anything. For a Black family it meant house work Social Security did not cover until a 1950 law, contract sales where the seller kept the deed, and a bank across town that was not ours. But the habits our grandmothers built to get around all that still beat how most of us handle money on a fixed income today. You will hear how to move your bill due dates to line up with your Social Security check, why a receipt book from the dollar store still matters, and how to check your Social Security earnings record for a missing year. I cover the money order and its stub, the seed-money rule for a lump of back pay, never signing at the table, keeping money in your own name, the Christmas club at the credit union, layaway, the partner or susu, the shoe repair man, and borrowing before you buy. If you get SSI, I explain why cash in the coffee can counts against your limit. I also cover three 1950s habits I am glad are gone, the bank scam that tells you to take your money out, and the truth about one paycheck buying a house back then. Asking questions about your own money is not being difficult. You earned every dollar of it. Tell me in the comments which bill you would move first. Where to check: Adjusting your bill due dates can help you stay on top of your bills and manage your cash flow | Consumer Financial Protection Bureau Time Limit for Correcting Earnings Records Understanding Supplemental Security Income Money Orders | USPS On the Basis of Sex: Equal Credit Opportunities Never move your money to “protect it.” That’s a scam Real government agents aren’t asking you to buy and deliver gold bars I'm not a financial adviser. This video is general information from my own experience and the official sources above. Rules and amounts change every year and differ from state to state, so confirm anything with the agency before you act on it.