5 mothers share financial pearls of wisdom for their children

Mother's Day is just around the corner, and it's the perfect time to celebrate the women who have always been there for us. Our mothers have been our cheerleaders, our confidantes, and our biggest supporters throughout our lives. But beyond the love and affection, they have also given us something that's equally precious: money lessons. Our moms have been passing down financial advice since we were young, from teaching us the value of money to reminding us to save for a rainy day. 

So this year, we decided to ask five mothers to share their best financial tips with their children. PS: They are all from the Policybazaar crew! So, whether you're a new graduate starting your career or a seasoned pro looking to improve your finances, get ready to learn from the best. 

Start investing early! ~ Shambhavi Solanki, Mom to Arsh


“Investing early is like planting a tree, the sooner you start, the more it will grow. Compound interest can be a powerful tool for growing your wealth over time, so it's important to start investing as soon as you can. Don't be afraid to take calculated risks, but always make sure to diversify your portfolio. Remember, investing is a long-term game, so stay patient."

Save for your golden years! ~ Deepti Rustagi, Mom to Charvi and Dhairya


“Saving for retirement may seem like a long way off, but the earlier you start, the easier it becomes. Make it a habit to set aside a portion of your income for your future and you'll thank yourself later. As you get closer to retirement, make sure to adjust your investment strategy to minimise risk and maximise returns.”

Save for rainy days! ~ Richa Naresh, Mom to Parin and Prayaan


“Remember to always keep an emergency fund handy. Also, don't forget about the importance of insurance. By preparing for the unexpected, you can minimise financial risks and protect your near and dear ones.”

Pay attention to financial literacy! ~ Payal Gupta, Mom to Siyaan


“Remember, money can come and go, but financial security is priceless. Take the time to learn about personal finance, and you'll be able to build a stable foundation for your future. Don't be afraid to seek out advice from mentors who can help guide you on your financial journey. By building a strong financial foundation, you'll be able to weather any storm and pursue your dreams with confidence.”

Prioritise budgeting! ~ Deepa, Mom to Charvik


“It's not about how much money you make, it's about how much you save. That means creating a budget and sticking to it, avoiding unnecessary debt, and saving for emergencies and future goals. Learn to live within your means and make smart financial decisions.”

Don’t forget to give your mom a tight hug after reading this