Valuable Money Lessons My Mom Taught Me


We asked women at Mercer Advisors about the most important money lesson they learned from their mother. Their answers are inspiring and quite insightful into the teams that support you and your financial dreams every day.

Finance can seem complicated, but like with other things, motherly advice can help!

We believe in the incredible power of women. And who was our first influence? Our moms! In recognition of Mother’s Day, read on to hear how moms have influenced us.


Learning First-Hand About Finances

Growing up, my mom had asked me to come work on “bill pay day” with her. She had me read the statements off to her while she wrote out the checks (this was before everything was paid online) and titled it to the correct utility/service company. I remember being floored that 1) It costs money to use water and electric; and 2) How much it costs EVERY month! This day taught me the importance of consumption habits, and the effort my mom made to make sure our needs were taken care of every month.

Gabrielle Mollick
Financial Planner


Education is Opportunity

My mother was a fierce example of what it means to be a sacrificing, hard-working, frugal woman. She immigrated to America with two little kids in her 30s, worked several jobs most of her life, and rented out rooms in our home so that she could invest in me and my sister. She prioritized higher education for us and told us that in this country, we could achieve great financial freedom. She calls me IRA #1 and my sister IRA #2. I’d say she’s a pretty astute investor.

Jennifer Baick
Senior Director, Financial Planning Group


The Importance of Self-Sufficiency

My mother taught me great money lessons about independence. She encouraged me to be certain that I am able to meet all of my obligations—including savings targets—on my own. It was important to her that I do not have to rely on another person and can be self-sufficient.

Brittany Rice
Wealth Advisor


Keeping it Real

My mom kept it pretty-straight forward; she would say: “Emily, don’t worry about things you cannot control.” I took this to heart, and in this industry, I don’t worry about the stock market. Instead, I focus on the things I can control: allocation, diversification, asset location, saving and planning.

Emily Messegee
Wealth Advisor, Director


Creating Fun on a Budget

My mom taught me that you don’t need a full wallet to live a full life. Whether it was cramming us three kids into one motel bed, dressing us in hand-me-downs or serving us PBJs in the Disneyland parking lot, my mom was the queen of saving money without sacrificing on fun.

Jessica Caruso
Sr. Wealth Advisor, Sr. Director


The Value of a Dollar

My mom taught me that if I wanted something special, I had to contribute 50% to the cost. For example, in sixth grade I started to ski and I wanted downhill skis, so I asked for them one Christmas. My mom told me I had to pay for half and my parents would pay for the other half as my Christmas present.

Tracey Turko
Sr. Wealth  Advisor, Sr. Director


Why Saving for Retirement Matters

The most important lesson I learned from my mother – be sure to save for retirement since you can’t depend on Social Security alone or you will end up working until your funeral.

Jamie Block
Sr. Wealth Advisor, Director


Anything is Possible

I saw my mother find something she loved to do and excel at it. My tenth birthday cake was also the grand opening cake for my mother’s store. Her hobby of decorating cakes easily turned into a strong business. Throughout my teen years, it allowed her to pay me to help her not only make cakes and candies, but also teach others how to do the same. We worked hard together, and she made it happen, so I learned that anything is possible when you put your mind to it.

Susan Travis
Managing Director


The Value of Hard Work

Growing up with eight siblings, our mother taught us the value of sharing, being kind to one another and taking pride in a job well done. Our basic necessities were provided, but if we wanted anything beyond that, we earned it. Every one of my siblings had jobs as pre-teens and teens. Our mother taught us to spend wisely, take care of the things we purchase and be patient…in all aspects of our lives.

Ann de Zeeuw
Client Service Specialist


Talk Openly About Money

The best thing I learned about money from my mom was to talk openly about it. Women have been socialized to think that money is an indecorous topic of conversation. However, this approach often keeps us from building our own wealth.

Mary Halling
Marketing Coordinator


Know What You Own

The best thing I learned from my mom about money is that you should always have some of your own and know what’s going on with it. Being in control of your money gives you the freedom to choose what’s best for you.

Laura Cuber
Wealth Advisor


Remember to Save for “Life Adventures”

Since I can remember, my mom always taught me to save money, but still have fun. As a little girl, I remember getting a dollar and then storing away a quarter in my “Savings” piggy bank and the remainder in my “Checking” piggy bank. I learned very basic finance principles as a kid, which made the transition to adulthood finances so much easier. I’ve always been thankful to my mom for this advice, saving well and having an emergency fund, but also remembering to spoil myself and use that hard earned money for life adventures.

Hannah Padaoan Spittle
Estate Planning Paralegal II


Reinventing Yourself to Success

My mom showed us how you can have an active, fulfilling professional life and still be a devoted mother. She recreated herself several times over – going back to college in her 30s to finish her degree, becoming a teacher, then a realtor, then successfully running for elected office. She never let her limitations or anyone’s expectations hold her back. She understood the importance of financial independence at a time when that was a very difficult thing for women to aspire to.

Mari Adam
Sr. Wealth Advisor


What money lessons were most memorable and powerful to you growing up? Over a dozen Mercer Advisors parents let us in on the financial lessons they are practicing with their children in “15 Ways to Instill Good Money Habits in Your Children (or Grandchildren).


Moving Our Mothers’ Advice Forward with InvestHERs

Mercer Advisor’s InvestHERs initiative is just one way that we support the valuable financial advice our mothers have given us. This initiative’s goal is to ensure women have an opportunity to follow their dreams in the financial services profession, with the added goal of having the resources and the knowledge to serve women investors. As a result of InvestHERs, Mercer Advisors has expanded our diversity program to include numerous initiatives to educate women about career opportunities at Mercer Advisors and to grow and retain these team members.

We want to hear from you on how your mom influenced you in making financial decisions. To learn more about how Mercer Advisors can help you achieve your financial goals, or to read insights for female investors, visit our Women & Wealth insights page.

Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and is not involved with investment services. Mercer Global Advisors Inc. (“Mercer Advisors”) is registered as an investment advisor with the SEC. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.

All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change.

All investment strategies have the potential for profit or loss Different types of investments involve varying degrees of risk. Diversification and asset allocation and rebalancing do not ensure a profit or guarantee against loss.

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