Pages

▼

Thursday, June 28, 2007

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.

For more on Crossing Generations , check back every Thursday for a new segment.
Photo Credit: morgueFile.com, Michael Connors

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

Copyright © 2007 Achievement Catalyst, LLC
at

1 comment:

  1. Anonymous6/29/2007 2:05 PM

    How interesting! My Mom has similiar philosophy on money matters.

    -goldfish

    ReplyDelete

Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.