Meghan Markle on the smart money saving trick she still uses today
They say 'if you look after the pennies, the pounds will look after themselves,' and it appears as though Meghan Markle does just that, despite having an estimated net worth of £44.7 million ($60 million).
Speaking at a New York Times online conference, the Duchess of Sussex revealed that before finding fame on Netflix's Suits, and before marrying Prince Harry, she used to "clip coupons" to save money while shopping. It's a habit she still keeps up with today, proving that no matter how much money you have in the bank, there's always savings to be had somewhere.
During her speech, Meghan talked about the importance of teaching young people about financial literacy, emphasising how her own life could have been different had she known more. "If I was ingrained at a young age to understand more about the stock market, or financial literacy, how different [would it] put me in the world?" she questioned, before adding "even though I clipped coupons growing up, and now that is ingrained in me as well, my values have not changed."
The 40-year-old continued: "I will never buy anything online without finding a promo code first. That is still in there, it is a modern version of the same thing. That was ingrained in me when I was young. Imagine what the world would be like if you ingrained other elements of financial understanding, especially to a young woman."
As for her understanding of money growing up, Meghan revealed she was always finding ways to earn extra cash, thanks to the strong work ethic she inherited from her parents. "Both my parents have a strong work ethic and so I remember when I was really young, I must have been eight or nine, I started making scrunchies to sell," she recalled.
"My mom went to Queen Downtown to get scraps of fabric from the fabric store and I would sell them. I remember the feeling of knowing I had done something and I had invested in myself, and I had done this labour and been compensated for it," Meghan added. "There was a sense of pride that came from that. Whether it is that, your first job waiting tables or hostessing, both things I've done, that couple hundred dollars gives you a sense of not just purpose but a sense of self-satisfaction."
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