Happy Mother's Day

Thoughtware Article Published: May 14, 2018

In recognition of Mother’s Day, we asked our team to share thoughtful financial advice they received from their mothers and ways they’re instilling sound financial habits with their own children. Mothers can be the greatest teachers—these women helped mold the way our team members think about money, not only for their own financial success, but for the next generation as well.

Lisa Bays“Growing up, my father handled all the financial aspects of our family. So when my father had significant health issues that incapacitated him for months, my mother had to learn on the fly. I remember it was a frustrating and overwhelming time for her. This impressed on me the importance of being involved in my own family’s finances when I got married. I realized I needed to be intentional about learning about our finances as a couple so the same thing wouldn’t happen to me.” – Lisa Bays

Brian Lowery“I had my first summer job at age 14, and when I received my first paycheck my mom took me to the bank. As I went to cash my hard-earned dollars, she stopped me and said that at least 10 percent of it had to go into a savings account and it was non-negotiable. I did not understand it at the time, but learning to save at an early age was an invaluable lesson.” – Brian Lowery

Paige Williams“As the mother to teenage kids, I noticed they often received money as a gift for birthdays and occasions. Despite the cliché, it was important to us that the kids understand money doesn’t grow on trees and the importance of saving for things, so we established a ‘travel fund.’ The kids add money they receive from family to put toward our next trip. They weren’t happy about the idea at first, but now we get to plan our next vacation, and they no longer waste their money on ‘stuff’ they don’t need.” – Paige Williams

Brandon Falbe“My mother always said, ‘With money comes responsibility—responsibility to take care of family, to take care of community and to help those in need.’” – Brandon Falbe

Lynn Mayabb“My mother taught me that it was okay for women to work and be proud to have a job. Since she chose to work and have a family, I also learned a great deal about time management. Later in life she also continued to learn in order to advance her career. She set the example of developing a good work ethic, time management skills and to always keep learning so I could accomplish whatever I wanted to do. Those skills allowed me to be financially successful and have the ability to help others by giving away some of the money earned.” – Lynn Mayabb

Alex Hunter“Growing up, my mom always kept a meticulous budget and stressed the importance of saving for the things you want. She would always tell me that just because you can afford to buy something, doesn’t mean you should.” – Alex Hunter

Rhonda Christopher“I always tell my children, ‘Just because you can do something doesn’t mean you should do it!’ This applies to money management, too. If the kids earn or receive money as a gift, that doesn’t mean that they should spend it all. It’s important to learn the self-control of setting some money aside into savings immediately. If it’s not saved, it will be spent. By learning to set money aside early on, the kids have learned to appreciate the length of time it takes to save money and also the increasing rewards as the account grows.” – Rhonda Christopher

Nicole Conklin“My grandma used to always tell me, ‘Save your pennies and the dollars will take care of themselves.’” – Nicole Conklin

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