7 Women on the Best Financial Advice They've Ever Heard

"Strong women. May we know them. May we be them. May we raise them." - Unknown


In addition to the lessons learned by watching them work and save, we're often lucky enough to be told some advice from the women in our lives. Here, 7 young women share the best financial advice they've ever been given.

There's more to life than work

When I started my first "real" job nine years ago, my mom gave me a wooden sign that said, "Never get so busy making a living that you forget to make a life." She knew I'd struggle to separate the two. My career path has changed a bit since then, but that sign still sits on my desk and continues to serve as a reminder that life is more important than my career. My mom has always chosen family first and I hope to follow her example, especially if I ever have a family of my own.


Lindsay, 31

You can do anything you put your mind to

First off, let me say that I come from a long line of passionate women. My great grandmother was a minister, both my grandmothers worked (and) raised multiple children, (and) my own mother did the same. My entire life I have been surrounded (by) driven, educated, (and) inspiring women. So to say that there's one quote or motivational moment that inspired me to be the successful career women (and) creative entrepreneur that I am would not be accurate.


I would have to attribute my pursuit of success to the idea that I wanted to be like them. I wanted to feel the same confidence about my life that they built into their own. I also have to note that each of them relentlessly supported every crazy idea (and) farfetched dream I came up with. Whether it was traveling the world in my Barbie Jeep in the backyard to actual trips across Europe or playing doctor with my mom to a professional career woman, the women in my life never doubted my ability to make things happen. They did whatever they could to help me achieve my goals. The decisions I make today as a wife, friend, (and) role model to other women are all byproducts of the support (and) encouragement they blessed me with.


Jenni, 26

Treat yourself...within reason

My grandmother always encouraged me to indulge a little and while this might go against everything we are ever taught, I found it to be some of the best advice I've ever received. Of course, she also included that I shouldn't spend above my means so she encouraged me to save a bit from each check and then purchase the item if I still wanted it. I've always valued this advice because it allows me to be a little more particular about what I spend my money on. If I spend the time to save my money for it, I need to make sure it will be worth it in the end.


Sarah, 31

Take charge of your money

I was talking with one of my favorite college professors my last semester of college and she asked me, "Have you ever taken a finance class in college?"


"No," I replied.

"What about high school?"

Yet again, I said, "No". "

She replied, "So you've never been taught about finances or the stock market or how to manage money for your future. Few women have. Take a class as soon as you graduate on finances. Read books on it. You can't depend on someone else to take care of this for you. You have to know or else you will be taken advantage of or will foolishly mishandle it."


Taking a finance class has been on my list since. I've learned a lot since that. This year, my goal is to learn more specifically about investing.

Lydia, 29

Save early and often

I'd say the best financial advice I got was from my grandmother. She encouraged me to start investing and saving early. She even gave me some stock for my 20th birthday. It has encouraged me to plan for my future, even when it seems like retirement is far away.


Liz, 26

Take your time

My mom told me to wait three days before I bought something that wasn't a necessity – including eating out. If I was still thinking about it and still had the money for it in three days, it (would) be worth it.


She also said to never go shopping when you're upset about something. You'll overspend to make yourself feel better (in the moment) and that high is fleeting.

I've followed the three-day rule pretty majorly. When I follow (it), it (has) saved me from some really dumb expensive purchases. When I don't follow (it), it has led to lots of regrets like a two-star hotel in Cancun because I just had to go and couldn't wait while I saved more.

Rebekah, 30


Cash is king

My mom always taught me that when I'm spending money I should use cash whenever possible, my debit card as a back-up and my credit card as a last resort. Using primarily cash helps me to see how much I am spending and limits my impulse buying. She also always stressed that you should only use your credit card if you know you can pay it off. This has kept me from acquiring credit card debt - something so many people my age have.

Ashley, 25