The 3 most important things my mama taught me about money


Mother’s day went by so fast this year.

Too fast.

And in the spirit of my go slow year, I am still spending time appreciating my mama and myself as a mama.

I have decided to dedicate the whole month of May to reflect on how special mamas are. Not just my own mama but my mama-in-law, my sister-mama, my mama-friends and the generations of mamas before me.

Although this wonderful day went fast, I am so grateful that we still celebrate it.

Mamas make a significant contribution to their families and communities and it is so important that we value this.

The wisdom they share allows us to make choices and create truly fulfilling lives.

Today I was reflecting on what my mama taught me about money and how she helped me to become financially capable.

So, here are the three most important things that my mama taught me about money by watching how she managed her money.

1. Use cash

My mum would honestly admit that she isn’t a detailed person but she would always have a rough plan (scribbles on the back of a scrap of paper) as to how much money she would spend each week to run our household. To keep to this plan she used cash. When the cash was used up that was it until the next week.

It might seem old school but using cash has literally continued to save my little family hundreds of dollars every year. There is no better way to keep track of your budget buckets/categories than cash. Even if you use a debit card you quickly lose track.

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2. Money spent on shared experiences is fulfilling

One of my earliest money memories is of how excited my mum was to use the money she and my dad had earnt working together on a consulting project to go overseas for the first time as a family. I was 6, my sister 8 and brother 10.

Holidays, travelling and sharing the experience of new places, tasting new food and seeing how different cultures live is one of my mum’s favourite ways to spend money and I am so grateful to have inherited this love of travel from her. She always has the next holiday planned, even if it is camping on Moreton Island, a family deal to Club Med Noumea or a night away to Brisbane. From observing the enjoyment my mum experienced from these holidays I learnt that shared experiences are clearly a fulfilling way to spend money.


3. Having healthy money habits and rituals means you have more time to spend doing things that really matter to you and money becomes less important.


Money is important but it is not the most important thing. Don’t let it drive every decision you make.


Making sure you always know where you financially and are able to manage the flow of money in your life is important. Mastering the skill of being able to hold back on discretionary spending when your income is light or when you are saving for something you really value is incredibly powerful.


Money managed carefully and consciously will lead to wealth and wellness but it won’t be the wealth itself that will make you well. Money alone can’t buy happiness.


Your healthy money rituals and your approach to earning, spending, saving, sharing and investing are the essential elements to a fulfilling and free life.


Then money actually becomes less important.



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