While my mom did not work, she was an excellent saver. She always allotted a part of her monthly household allowance to savings. I didn't realize how much she saved until Mom and I were talking about finances one day. Here are a few of the big ticket items that Mom covered from savings:
- Down payment (or additional down payment) on each house they purchased.
- Several car purchases.
- Down payment on several investment properties.
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This is not financial advice. Please consult a professional advisor.
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