Mother’s Day is a time to be thankful for the moms that raised us. And here at Money Under 30, we especially want to honor all the money-savvy moms out there who’ve taught us how to balance our books.
That’s why we asked our network for some of the best financial advice their mothers gave them. From how to save to how to negotiate, here’s what they had to say.
1. Look after the pennies
Thomas Fultz, Founder, and CEO of Coffeeble, shares that:
The advice has led Thomas to be a successful businessman with a solid financial footing.
2. The art of delayed gratification
It can be tempting to give in to your desires immediately. After all, if you have the ability to buy a new device or splurge on a dinner out, why not make the purchase? Unfortunately, this mindset can lead to a short-term attitude that can push off long-term financial goals such as building an emergency fund or saving for retirement.
Charles McMillian’s mother taught him the art of delayed gratification. Throughout his life, his mother has helped him to curb his impulse decisions with the powerful knowledge that they can turn into something greater over time.
McMillian shares that thanks to this lesson of delayed gratification, he has the financial flexibility to work in his own business and secure his family’s financial future.
3. Everything is negotiable
Many of us believe that prices are set in stone. But Ankita Terrell’s mother taught her differently with the lesson that:
Throughout the years, Ankita has been able to save money on unnecessary fees. With this money mindset, anyone could stand to save.
