10 Ways Moms Can Make the Most of Their Money

Mamma

Give your finances the same TLC you give to the rest of your family.

Recently I was a guest on a radio show about kids and money, and a number of adults called in to talk about their own family experiences as children. One woman had grown up with a father who had a gambling addiction. She credited her mother with holding the family together both financially and psychologically. Another caller confessed that he still loves to indulge his children — now in their early twenties-with things his family couldn’t afford when he was growing up. He depends on his wife to rein in the family purse strings.

In fact, studies consistently show that by margins of 60% or more, women tend to be the ones who pay the family bills and balance the checkbook. So on Mother’s Day it makes sense that Mom should give her own finances the same TLC she applies to the rest of the family. (Read more at: Kiplinger)

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{Photography by Nordgren}