Mother’s Day is a time when we reflect upon all of the lessons that our mothers and other important women in our lives have shared with us.
So in honor of Mother’s Day, I ask you, what did your mother teach you about money? A poll conducted by the National Foundation for Credit Counseling found that 65 percent of Americans believed that their mothers were either intimidated about money, didn’t like to manage money or never managed money. Why is that important? It’s important because we learn many things either consciously or unconsciously from our parents.
But your mother’s financial mistakes don’t have to be yours too. One of the best ways you can honor your mother is by thinking honestly about what she taught you about money and making a conscious decision to up your game.
The best thing about committing to improve your financial standing is that once you learn those new financial lessons, you can share them with your mother and other women in your life.
That’s one of the best Mother’s Day gifts anyone can receive.