Sunday is Mother’s Day. Did that catch any of you stragglers off guard?
Our parents are pivotal in how we learn about money and finance. We observe their spending habits, attitudes and values about money, and we often carry that to adulthood. Some of us are gifted with very financially savvy parents, while others aren’t as lucky. One of the many joys of life is becoming financially independent and discovering exactly how you and your parents differ on issues like budgeting, saving and investing.
Regardless of your parent’s spending habits, mothers deserve to be cherished this Sunday. Don’t feel like you have to break the bank to please Mom; there are plenty of inexpensive ways to celebrate her. Here are some ideas to get you started:
- Cook her a homemade breakfast in bed.
- Give her a foot massage.
- Make a photo collage of some of her favorite family pictures.
- Take her to the movies (and let her pick the movie!).
- Write her a poem or song.
While you ponder more ideas, read on to learn about 10 of my favorite personal finance blog posts from the past week!
1. Enemy of Debt interviews a professor who specializes in the psychology of money and wealth, and asks him questions submitted by other personal finance bloggers.
2. Deliver Away Debt provides readers two big pieces of advice for how to start shedding debt.
3. Free From Broke explains how she and her husband are teaching their kids how to budget. I really like the system they came up with!
4. Mrs. Micah helps readers understand the basics of consumer credit and explains the key differences between closed-end credit and revolving credit.
5. Bargaineering offers tips on how you can save money by buying gift cards online (very appropriate for those of you scrambling for a last-minute Mother’s Day gift!).
6. Living Almost Large discusses a pictorial showing the average American family’s finances, and shares his shock about certain results, such as the low amount of savings and high amount of debt.
7. Good Financial Cents advises readers of several simple ways they can hone debt management skills and take control of their finances.
8. Moolanomy outlines some of the primary differences between credit cards and debit cards and explains in detail which situations are most ideal to use a credit card.
9. Mother’s sure know how to whip us into shape when we’re doing something wrong! Ask Mr. Credit Card discusses how Visa is taking action against all of those nasty credit card scams.