What I learned from my mom about money

In honor of Mother’s Day, U.S. Bank employees share the real-life money advice they’ve received from their moms over the years.

Tags: Best practices, Budgeting, Savings, Charitable giving
Published: April 28, 2021

We’ve all heard the phrase “mother know best” — and so often it’s true. Life experience (including trial and error) leads to wisdom and perspective, and when it comes to handling money, a mother’s wisdom can be especially helpful. To celebrate Mother’s Day, U.S. Bank employees share their mothers’ valuable financial lessons that have helped shape their values and guide important financial decisions through the years.


1. Donate to causes you care about

When it comes to living with integrity, the Golden Rule is a wonderful reminder to always treat others as you wish to be treated by helping those in need and giving back whenever you can.


From my mom

“I learned to live by the loving Golden Rule — and not the one where whoever has the gold makes the rules,” says Nancy F.

If you’re in a position where you’re able to make a positive contribution, whether it’s by volunteering in your community or financially supporting the causes you care about, you’re living by the Golden Rule. It’s important to find a balance of working toward financial stability while also living in the spirit of giving.


2. Embrace DIY projects

Today, most everything is easily accessible. You can order clothes online in a few clicks and have food delivered within minutes. But slowing down and exploring your own capabilities can be a fun and financially savvy activity.


From my mom

“I learned a little bit about cooking and sewing my own clothes, which I haven’t done for a long time but have been thinking of doing it now that I’m working from home,” says Pamela V.

Finding interesting recipes, picking out ingredients from a local store and preparing weekly meals can be a wonderful part of your routine. In addition to the health benefits of knowing exactly what you’re eating, you’ll be able to save money that you might otherwise spend on takeout for the sake of convenience. Experimenting with creative hobbies like knitting, sewing, woodworking and even home renovation can also save you money in the long run.


3. Commit to your goals

We all have big dreams, whether it’s moving to a new city, taking a relaxing vacation or investing in higher education. Saving for goals like these takes time and effort, but it’s absolutely possible when you decide to work toward it and stay positive. Start by making a commitment to your hopes and dreams, knowing that patience in achieving them will be a necessary part of the process.


From my mom

“My mother was a server in a restaurant and always had a pile of coins in her tips at the end of the night,” says Amanda B. “She would put those coins in a five-gallon jug and that was how she saved up for vacations. We would spend a whole afternoon rolling change! It’s amazing how fast it adds up.”


4. Cultivate strong work ethic

Focus on developing new skills and working to improve them throughout life. On a personal level, this will show you how much you’re capable of, and it will also open the door to professional opportunities and financial stability.


From my mom

“I learned how to cook and work in her small casual restaurant in St. Louis while growing up,” says Hazel T. “I learned how to work and operate a small business, be a waitress, hostess and deliver food. I had to work hard, and she always said, ‘Have a good work ethic!’”

Surrounding yourself with others to teach you and support your growth — whether it’s your mother, a friend or people in your community — will empower you and benefit others down the line. A diverse skillset, fueled by a desire to learn and work hard, will set you up for fulfillment and financial success in life.



Find more insight about saving, budgeting, and goals, see our personal finance resources.