A survey finds 81% of Americans saying their mothers shared financial wisdom with them and 85% learned how to be frugal thanks to mom.

#SoMoney Parenting Advice

With Mother’s Day around the corner, moms everywhere can rejoice in knowing that they tend to leave a positive impact on their children’s financial lives. A survey finds 81% of Americans saying their mothers shared financial wisdom with them and 85% learned how to be frugal thanks to mom.

On my podcast, So Money, parenting experts and money gurus have shared some invaluable advice on how to raise money savvy children in today’s world. Check out my round-up of some of the best advice from how to make saving fun and ways to teach kids to appreciate the value of a dollar over on the Mint blog.

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So Money

Emma Johnson

“There’s a lot of research that the best thing for children is financial security. Not only is it great for women but for our economy overall. We need women to be working and earning, and taking responsibility for their personal finances.”

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Farnoosh

I can’t believe I said that (+ a new So Money record)

Question for you: What’s the worst advice you’ve ever received? That’s a tough one, right? My dear friend and #NoLimits podcast host Rebecca Jarvis asked me this question on her show this week. And I fear I may have veered off into #TooMuchInformation land. I found myself talking about things I never expected to share so […]

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So Money

Ask Farnoosh

“My husband and I have $30K in credit card debt from when he was sick and unable to work. We have about $300K in retirement and $50K in cash savings. Should we use the cash to pay off the credit card debt even though not having the cash savings gives me a bit of an anxiety attack?”

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