Whether you are 20 or 25 or 51 your mom still plays a huge role in your life from personal to financial decisions. Most of us give our mom’s hopeful thoughts and credits on important days but we still miss out how good moms are with money. A survey by BeFrugal.com shows that 8 out of 10 individuals have taken money lessons from their moms. So what does that mean? It means your should really follow your mom as a financial role model.
As a kid, It was your mom giving you pocket money, maybe 100 bucks for taking out the trash or 50 for cleaning the garden leaves.The only reason behind was to make you learn the value of money in your early stages of life. Now, when you are a grown up importance of money is the most important thing you know and can still relate to your childhood mom’s lessons.
You were expensive as a kid, but mom made it work!
Remember the times when your mom didn’t buy the things she couldn’t afford? she taught you how to save money and be prepared for the emergencies, her intention was just to make you understand the difference between a want and a need.