It is an undeniable fact that a mother is the best teacher in the world and, we as a kid learn a lot from our mothers. Our mothers have shaped us to be a better humans. Here are the 3 best and very important financial lessons which my mother has taught me during my growing years.
1. Never spend beyond your means
My mom has always made sure we don’t buy anything on credit and beyond our means. It is okay to have some amount of loan but having too many unnecessary loans can lead us into financial distress.
2. Save for rainy day
There is no compromise when it comes to saving the money. My mother has always insisted on saving for rainy days. I always have an emergency fund in place, this helps me to prepare for an unknown future in advance. The more I save, the more my future will be secured, this is the best gyan which I got from my maa.
3. Invest in different ways
My mother has always encouraged me to invest in different ways like gold, mutual funds, stocks, and SIP. It is always safe to have a portfolio diversification and I am assured that if there is an emergency at least 1 fund will come to my rescue.
For more details, you can visit the HSBC website. Also, readers are requested to fill in this form to help you understand better and have your queries answered by the brand.
- 3 Financial Lessons I Learnt From My Mother - May 17, 2023
- 5 Ways To Encourage Your Child’s Participation In Household Chores - April 21, 2023
- Foods That Should Be Taken By Moms Who Need To Increase Breast Milk - March 2, 2023
- A Good Gift For Mom - January 13, 2023
- 5 Awesome Toys That Will Keep Your Child Active & On The Move - December 29, 2022
- Role of Parents in School Management - December 1, 2022
- 4 Questions You Should Ask Yourself Before You Seek Out Adoption - October 31, 2022
- What Are The Top 10 Upcoming Trends For Women To Wear In 2023? - October 7, 2022
- 10 Amazing Board Books That Kids Adore - September 27, 2022
- Why the latest design trend of temporary wallpaper is amazing - May 12, 2022