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Mom’s best money advice

By Katie Doyle ·
Thursday, May 7, 2015
Posted: 11 am ET

What did you learn from your mom about money?

"My mother was all about saving and she was very frugal. We didn't grow up with a ton of money. She really taught me how to look for a good deal and how to find one. Also, that it's OK to ask questions when you don't understand something," says Jean Chatzky.

"Working hard at your own job is such an amazing example for your own daughter," my mom used to tell me. She's right. These days, my 4-year-old talks about becoming an editor so she can sit next to me one day, and it's wonderful to hear.

We moms just want what's best for our kids.

Katie Doyle with her mom and daughter.

Katie Doyle with her mom and daughter.

With Mother's Day this weekend, we wanted to hear the best money advice your mom gave youm, in the hopes that we could all learn something from each other's dear ole moms.

"The best money advice my mom ever gave me was the reality that I had to work for my own living. The encouragement to get part-time/summer jobs (plus) the push to fight for my own income as long as it didn't interfere with my education gave me the best start anyone could (possibly) ask for," says David Ning at

Our Facebook fan Anthony Mejia says the best advice his mom ever gave him was, "Never spend your raises. Act like you never get one. If u could get by already on what you had, this shouldn't be an issue."

Carrie Smith of says, "Always make a list and bring a calculator while shopping," was one of the top five things her mom taught her.

"Embrace thrift stores! Why pay full price for stuff you can get for a tenth of the price?" was the advice of the mom of "J. Money," blogger at

And our Facebook fan Kathleen Miller says, "Save for a rainy day. I love my Mom."

I couldn't have said it better myself. Happy Mother's Day, moms!

Have any other mom advice you'd like to share? Tweet your mom's money advice @Bankrate using #momsmoneytips, tell us in the comments below and follow me on Twitter: @katislafevis.

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1 Comment
Mary Jeann Monhardt
May 10, 2015 at 3:23 am

My Mom said to empty your and your husbands pocket of coins every day. It almost always comes to $100.00 a month. That advice is the reason my grandkids have a legacy from me. She also asked for Room and Board when we started our full time jobs. That money was saved and used for a wedding and wedding present. Of course it was easier when interest rates were much more than today. However, Mom's very best advice was sweat equity. On the eve of my wedding she advised, "evelope an algery to Oven Cleaner and never ever take down the storm windows. Once you do, your stuck with it for life. Thanks Mom.

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