What motherhood taught me about money: 8 moms weigh in

It’s true — everything changes when you become a parent, including your finances. Besides facing a slew of new expenses, you’re charged with the financial well-being and future of another person. And that person, whom you adore, is probably learning about money from you.

In honor of Mother’s Day, eight moms across the country answered the question: “What has motherhood taught you about money?” (They responded by email, and a few answers have been edited for length and clarity.)

BUDGETING IS A HUGE HELP

“Motherhood has taught me to carefully budget and be more resourceful. Having children can double or triple your monthly costs. Budgeting for the added costs and finding free activities has been a huge help. I’ve become very aware of where each dollar goes and find myself much more disciplined than I ever was in the past.”

-Elizabeth Preble , 34, of Billings, Montana; her children are 8, 7, 4 and 2

I SHOULDN’T PAVE THE WAY FOR MY KIDS

“From the day I became a mother, I realized how hard it is to deny my kids things I can afford. However, as my kids become adults, I’m learning it’s harmful to pave their way even when I’m tempted. It’s important to let them experience their own ‘lean years,’ because being young and broke is the best money education you can get.”

-Joni Gonzales , 51, of Hanover, Pennsylvania; her sons are 31, 23 and 20

FINANCIAL STABILITY IS KEY

“Once I became a mom, it became very important that we were financially stable and could start saving for the future. I had people who relied on me to provide for them no matter what. It spurred me to learn how to meal-plan, stick to a budget and improve my career so I could continue to support them.”

-Candice McDaniel , 34, of Baton Rouge, Louisiana; her kids are...