In honor of Mother's Day, we're offering up some money tips – advice from the mothers of a few of our Member Financial Center managers throughout out 33 branch footprint in the Carolinas and Virginia.
From our Shelby Member Financial Center manager Tammy Branton:
“I have a tip that my mother always followed and encouraged me to do the same: ‘Everytime you get a raise, put the amount of the raise in a savings account and continue to live off of the same amount that you are accustomed to.’”
From our S. Elm Eugene Street Member Financial Center manager Flor Lanning:
“Finance was a big subject in my home growing up. My financial advice from Mom is: ‘Do not buy what you cannot afford,’ ‘Eat at home & learn to cook, it is cheaper & tastes better!’ and ‘The only thing you take with you when it is all done is your name. Make sure your debts are not inherited to others.’”
From our High Point Member Financial Center manager Kristin Dailey:
“My mom’s advice is to save and start early! My mom had a big glass jar in my room when I was little. It stood about 2½ feet tall. She always encouraged me to put my birthday, Christmas, and tooth fairy money into my savings jar. We love to shop, so when I was little, if I wanted to buy something and use my money she took time to teach my how to think through my decision and how to budget. She made it fun to save.”
“As I became an adult, she has always encouraged me to be wise, think of my needs vs wants, to contribute to my 401k, invest in myself and help others when I can.”
Happy Mother's Day!