Financial Advice From Our Mothers

dailyheaderFrom providing us with unconditional love to teaching us personal responsibility, our mothers have made us who we are. They have shaped the way we view money and the world. When our mom opened our first checking account for us in seventh grade—she was starting us off with skills we’d use for the rest of our life. When she refused to give us our allowance unless we did the dishes—she was teaching us the value of hard work. When she encouraged us to take that vacation in college—she was showing us that money is an important means to an end, but that the end is important, too.

We’ve asked you to share the pearls of wisdom your mothers have imparted to you. From serious advice to priceless quips (“Cute shoes aren’t going to feed you!”), they’ve been with us from start to finish. Today, we honor them. (If you would like to add more of your mom's sage advice, please put the quotes in the comments section, below.)

Read on for a slide show of all of our mothers’ tidbits of financial advice.

View Slide Show

What advice has YOUR mother given you over the years? Share it with us in the comments!

  • Wissel

    My mom instilled in me a love for tag sales! One person’s trash is definitely another person’s treasure – especially after a new coat of paint or a good coat of polish!

    Something she still tells me if she knows I am pinching pennies: “If it’s past midnight – take a cab! Forget about the $10 it costs you – your safety is priceless! ” THANKS, MOM!!!!!

    • carolinewaxler

      Thanks, Debbie Wissel! What's mom's name?

  • Anna

    Always. Always ALWAYS pay your credit card in full every month! (IE never charge more than you CAN pay off every month)

  • carolinewaxler

    Thanks, Anna! What's mom's name?

  • California

    After a tough break-up my mom told me that when he wanted me back I wouldn't want him and when I wanted him back he wouldn't want me…and sometimes that's just life is.

  • Tracy Ann

    I was born in 1962 and as I started to earn my own money at age 10 or 11, she brought me to the bank to set up a savings account and told me to save, save, save. Even though she didn't show me “how” to save. The “save” message got through. I saw that she and my dad did not buy anything unless they had the money to pay for it. Even if they paid with credit, they paid off what they owed each month.

    We always had what we wanted and what we needed. I was encouraged to analyze everything before making a purchase to see if it was really wrorth forking over my hard-earned cash for. Most of the time it wasn't….except for my weekly splurge……a ride up to the “little store” to buy a Suzy Q and a Mountain Dew. Thanks to my mom, Pat Main

    Sincerely,

    Tracy

  • Tracy Ann

    I was born in 1962 and as I started to earn my own money at age 10 or 11, she brought me to the bank to set up a savings account and told me to save, save, save. Even though she didn't show me “how” to save. The “save” message got through. I saw that she and my dad did not buy anything unless they had the money to pay for it. Even if they paid with credit, they paid off what they owed each month.

    We always had what we wanted and what we needed. I was encouraged to analyze everything before making a purchase to see if it was really wrorth forking over my hard-earned cash for. Most of the time it wasn't….except for my weekly splurge……a ride up to the “little store” to buy a Suzy Q and a Mountain Dew. Thanks to my mom, Pat Main

    Sincerely,

    Tracy