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MOM AND MONEY - 1 : Mom Is The First Money Manager Of Every Family

“A mother’s greatest masterpiece is her children.” You really understand the meaning of this saying, only when children grow up. What children learn in childhood, stays with them, even in ripe old age. Who better to teach you to manage money than MOM? What’s so important in managing money? If you don’t learn to manage money at a young age, chances are you will never learn to manage money. This can have terrible consequences. No matter how much you earn, your pockets will forever be empty. You miss out on the good things in life.

This is where Mom plays a very crucial role. By teaching you to manage money at a young age…Mom ensures you get a head start in life. There is another reason, why Mom teaching you to manage money, is very important. Our education system, does not teach young students how to manage money. Young children are taught science, social studies and even fine art. Who bothers teaching the art of managing money to our student’s? Mom’s with young children, who want to learn how to manage money, need look no further. is the pioneer in Financial Education space. offers Free, Unbiased and on-call financial advice on Insurance, Mutual Funds, Real Estate, Loans, Bank Accounts and capital markets. To avail free financial advice/education from, all you need to do is, just leave a missed call on financial education helpline 02261816111 or just post a request on website. 

Mom teaches you to control spending

Just see young kids around. Everything they see…they want. If you don’t give them what they want…Well, they create a fuss, throw tantrums and embarrass you in front of friends, family and pretty much anyone. Just like other children…you too create a fuss, on seeing a brand new toy car at the toy shop. Mom stands firm. She tolerates no nonsense. Mom says, “I bought you a nice shiny car yesterday. I won’t buy you another car today.”

Mom holds the purse strings. She gives you pocket money, after you do some chores at home. But doing chores (simple household tasks), is difficult. Making a fuss is easy. But Mom doesn’t care about your tantrums. She gives you pocket money…only if you do the household chores. Earning money this way is very difficult. You cannot waste this hard earned money on toys and chocolates.

Mom taught me how to manage money by preparing a budget. Oh…this is not as difficult as it sounds. Just write on a paper, all the money you earn from doing household chores…or whichever way you earn money. You then write down where your money goes….(How this money is spent). The rest is easy. Just make sure, what you spend is always lesser than what you earn. Today you are an ace at handling money. Thanks to the lessons Mom taught you in childhood, you not only earn well, you also know how to control spending.

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Mom is the root of savings

How to save money, is best learned when you are a child. The best person to teach you…Mom. Mom taught you to save money using the Can Trick. Mom placed three empty cans, on the shelf. Each can had a label. The first can had the label “Spend”. The second can had the label “Save”. The third can had the label “Donate”.

You get pocket money, whenever you do household chores. Mom takes this money, divides it equally and puts it in the three cans. You use the money in the can labeled “Spend” for buying chocolates and toys. If your friend has no money, or you want to donate money to a charity, use the money in the can labeled “Donate”. Finally you have the can marked “Save”. You do not touch the money in this can. This can is special. Once a year, this can is emptied. You count this money and Mom gives you an equal amount of money, as there is in this can. You use this money to buy something you really need. A bicycle would be a great buy.

Why is Mom the root of savings? Whenever Mom went to the stores…you went too. Mom only buys what she really needs. I have never seen Mom, wasting money on an unnecessary purchase. You have learnt how to save money, simply by watching Mom saving money.

Mom leads you to the tree of dreams

Just like all kids your age, you have dreams too. One day you will be a great pilot. But who will give wings to your dreams? This difficult job lands on Mom’s shoulders. Mom nourishes the tree of dreams. How does Mom do so difficult a task? Oh…you simply say “One day I will be a great pilot.” Now, it is up to Mom, to make your dreams a reality. Mom saves money for your dreams…even if it means sacrificing her dreams. Flying lessons can be pretty expensive….Mom realizes this and ensures that Dad invests money wisely, so that one day you would be a great pilot. Dad says “I will invest money tomorrow…I am tired today.” Mom says “Go right away and invest money for our child’s bright future. Tomorrow never comes.”

How does Mom lead you to the tree of dreams? You have dreamt of becoming a great pilot. Whether you become one, is not really important. You will definitely become someone BIG in life. Mom has ensured that money has been saved and invested, so that you get a quality education. Quality education gives wings to your dreams. Your future is now in your hands. Mom has led you to the tree of dreams.

Brigham Young says “You educate a man; you educate a man. You educate a woman; you educate a generation.” Need I say more, on why Mom is the first money manager of every family? Mom is the first person who teaches you how to manage money. Mom makes sure you learn money at a young age. The lessons you learn in childhood, stay with you all your life. You become a master of money.

Mr. C.S. Sudheer

Mr. C S Sudheer is the founder and CEO of – India’s largest Financial Education Company. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of He aims to build a nation that is financially literate with investment savvy citizens.

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