NEWS | From mom to money master: Essential tips for building a strong financial foundation
From mom to money master: Essential tips for building a strong financial foundation
Mothers have a major influence in helping us form value systems in life. They often play a crucial role in shaping our approach to various aspects of life, including our attitudes towards money.
How we save, spend and invest is greatly influenced by what we see modelled to us when we’re younger, and we in turn influence our children through the financial habits and decisions we demonstrate. Here are some of the best behaviours we can learn from our moms to share with our kids.
Always avoid overspending
By spending more than you earn, you accumulate debt, and it will catch up with you eventually. This is a high-risk approach to finance, and the consequences can be devastating to your long-term financial wellbeing.
May 13 2023 By Sumayya Davenhill - M&G Investments
