Kara McGuire writes about all things related to personal finance. Follow our coupon clipping, retirement saving, bargain hunting, budget mama as she saves, spends and searches for ways to keep more money in her wallet – and yours.

Money advice from Mom

Posted by: Kara McGuire under Family finance Updated: May 6, 2011 - 4:54 PM

"Don't spend what you don't have."

"Don't keep up with the Joneses. Live within your means."

Those are just a couple of responses that I received from Twitter followers after asking how mom influenced their finances.

For me, I can't say my mom talked much about money. My dad played that role in our household.

Readers, what financial advice did you learn from mom? 

If you are a mom, what advice do you give to your kids?

My kids are still young, but we talk a lot about wants and needs, saving and spending, and the trade-offs that come with making financial choices.

Finally, if you're planning to hit the mall this weekend to buy mom a gift, make sure you can afford it. The last thing mom wants is for you to go into debt to buy her a present. Remember when she was happy with a homemade, heartfelt card? I'm sure she'd still be happy to get one.




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