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Five Evergreen Financial Lessons your Mother taught you

4 Mins 06 May 2022 0 COMMENT


A famous American politician and lawyer, James E. Faust, once said, "A mother's influence on her children is beyond calculation." And you know it’s true. Your mother is undoubtedly your first teachers. She taught you how to walk and to talk, how to laugh and when it's okay to cry. If you were hurt, she loved you, and when you were wrong, she scolded you. She shaped you into the person you are today. However, there is one thing she seldom gets credit for. That's teaching you how to manage your finances.

That’s right. Over the years, whether you were aware of it or not, your mother taught you the basic concepts and skills of money management. Let’s check out how.

The Top Five Financial Lessons You Can Learn From Your Mother

1. Budgeting

Mothers are the ones who hold the purse strings at home. They can best create a monthly budget based on anticipated income and expenses. Whether it's planning for today's needs or anticipating tomorrow's, mothers have it all under control. And that's what budgeting is all about. In a certain month, when expenses are too many, she will sort and filter out those that can be postponed and cut strings here and there to accommodate everyone's requirements seamlessly. No doubt, they are the finance ministers of our homes. Just like her, if you stick to your budget, you will be pleasantly surprised at the savings you accumulate.

2. Financial Goal Planning

Be it a school trip or a new game you wanted to buy, these wishes came with a price tag. You probably remember a few 'No's' you received from her. She knew what was best for you and provided you with what you needed. Although you may have received it with a delay, you did receive it nonetheless. Well, that's her teaching you to invest in what's important to you while saving for the things you can wait for.

3. Early Saving and Investing

With all the things you can do with your first salary like a party with friends, a fancy meal with your family, gifts for all your loved ones, and some treats for yourself, your mother's first advice would be 'Do not spend it all'. Every penny saved is a penny earned, right? Whether it's saving in the bank, putting it in an FD, or investing, she stresses saving and investing from the very beginning.

Additional Read: Mother's Day 2022: The gift of Mutual Funds

4. Striking the Right Balance

Mothers juggle many roles. She is a daughter, a daughter-in-law, a sister, a wife, and most importantly, a mother. She does her best to ensure everyone's needs are met and that all are happy. You remember all the different dishes on the dinner table only because papa loves lauki, bhaiya loves aaloo, and you love bhindee. Her goal is to ensure everyone is happy. Just like her, you need to list down your financial goals as well. Once you have mapped that out, it becomes easier to analyse and plan for it. And we all know that one of the best ways to ensure all your financial goals are met is to start investing. 

Additional Read: Gift your Mother a Senior Citizen Saving Scheme this Mother's Day

5. Leading a Disciplined Lifestyle

Whether it's waking you up in the morning, getting you ready for school, making sure you catch the bus, or ensuring your lunch is ready by the time you get home, mothers always know the routine and stick to it. Her timing is impeccable. Do you remember that one time you were late from the playground and she made sure you knew how upset she was? Well, that was her way of teaching you discipline. These learnings should be a part of your everyday life even today. It is important to have a disciplined lifestyle even where finances are concerned. Regular savings, timely loan payments, regular investments, filing your IT returns on time, etc. are the outcomes of being a financially disciplined individual. A great way to inculcate financial discipline is by starting a SIP investment.


No matter what hat she wears, mothers play many other roles with dedication. And there's a lot that you can learn from her. You may see a significant impact on your financial future if you apply these lessons while managing your finances. Learn well from your mum because you know what they say - Mothers know best!

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