I am a mother of two lovely kids. Even today I take advice from my mom on money matters. She tends to have the wisest advice for everything. After all, she has been money savvy for years now. I treasure all her tips so I can transfer the knowledge to my little angels. Here, I list a few money management tips received from my moneywise mom for everyone to take benefit.
Three Best Tips from Moneywise Moms
Do It Yourself:
Believe in self! When you are good at multitasking, you can be good at money management too. All it takes is to have a little understanding and patience.
Put some effort to understand money. Calculate how much is earned, how much is spent, how much is saved, how to increase savings, where to save the money, how to invest and all. Very soon, you would end up getting the total control on your personal as well as household finances. Eventually, you will shop smart, spend smart, save smart and most importantly invest smart!
Discuss about money with your husband, family and friends. Your money talks with hubby makes way for deeper love and understanding, as you both share future plans and goals. Indulge in interesting knowledge sharing sessions. Make the talks, with any one, educative. A good understanding of the science behind investments paves way for the best financial planning. Involve yourself into every financial decision, be it big or small, to take the life into your grip.
Take total accountability for the money you spend. Plans for wise investments and acts. Manage personal finances independently. Take advices from every one, but don’t hesitate to ask questions before taking decisions. After all, who would know yourself and family better!
Never forget that every little step takes you closer to your destination. Do not worry about huge financial goals like retirement planning, abroad travel, owning a house, paying off debts. Just concentrate on the thing in hand and begin with small savings. For online financial assistance, approach ArthaYantra and secure your future.
The paramount skill of money management helps a financially independent mother to survive through tough times. Such skills are taught at schools, but are transferred by amazing moneywise mothers to their children. Become a moneywise mom and secure your family’s future!