Social media is filled with influencers — and ‘influencers’ — attempting to fascinate us with stories on how to make the most of our lives and finances.
But with Mother’s Day on May 8th, we’re reminded of the very first influencer in our lives — our mothers (or grandmothers, aunts, etc.).
Yes, you can thank your mother for some of your money habits, whether good or bad. A growing body of research including a study from the National Bureau of Economic Research finds that mothers’ financial beliefs and behaviors have a profound effect on children’s developing financial outcomes.
Take a moment to consider the emotions and family stories that have influenced your personal relationship with money, and if you feel honored, share the valuable insights you’ve gained. I can add perspective as well to help discover what may be holding you back.
Check out the articles below with more info and some great tips from moms and for moms this week. Happy Mother’s Day! Enjoy.