Lessons From My Mom - Save For Big Ticket Items

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:

1. Down payment (or additional down payment) on each house they purchased.
2. Several car purchases.
3. Down payment on several investment properties.

Pretty impressive for someone who has always been a stay at home mom.

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Photo Credit: morgueFile.com, Michael Connors

This is not financial advice. Please consult a professional advisor.

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