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What My Mom Taught Me About Money

One of our experts shares his mother’s best advice—and offers some tips for teaching your children the financial basics

MOMS EVERYWHERE SHARE their wisdom with their kids every day—and many of those lessons are financial. It was probably Ben Franklin's mom, after all, who taught him that "a penny saved is a penny earned."

In this video, Michael Liersch, head of behavioral finance for Merrill Lynch Wealth Management, asked people to share the best financial tips they picked up from their moms. Do any of them sound familiar? Tweet @MerrillLynch to share your mom's best advice, using the hashtag #momsknowbest.

For more advice and resources on teaching kids about money, visit*

3 Questions to Ask Your Advisor

  1. What are some good resources I can use to teach my kids the financial basics?
  2. My daughter is just starting out in her first job. Could you give her some tips on how to plan for her future, financially?
  3. Would sitting in on our next meeting be a good learning experience for my teen?

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* Merrill Lynch is providing this third-party website only as a convenience and the inclusion of the website does not imply any endorsement, approval, investigation, verification or monitoring by Merrill Lynch or any of its affiliates of any content or information contained within or accessible from the website. Merrill Lynch and its affiliates do not control the accuracy, completeness, timeliness or appropriateness of the content or information on the website. If you choose to visit the website you will be subject to its terms of use and privacy policies, over which Merrill Lynch and its affiliates have no control. In no event will Merrill Lynch or any of its affiliates be responsible for any information or content within the website or your use of the website.   


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