More
Hide
Share

Celebrating the Wisdom of Money-Wise Mums

Mum is always armed with her ‘words of wisdom’ – such as ‘I want never gets’ or ‘Don’t be a spend thrift’.

Celebrating the Wisdom of Money-Wise Mums

Mum is always armed with her ‘words of wisdom’ – such as ‘I want never gets’ or ‘Don’t be a spend-thrift’. But should we be taking these ‘sayings’ a little more seriously?

Our first lessons in life about finances generally come from our parents and when it comes to being money-savvy, it is Mum we need to thank. Research has shown she holds the purse strings and teaches us the difference between ‘want’ and ‘need’, while Dad dishes out the pocket money. 
 
Senior Wealth Manager for Her Finance and Mother of four grown children Debbie Younie shares her top tips on laying strong financial foundations, right from the start.  

If you fail to plan, you are planning to fail. 

As a Mother of four children, the worst thing for me would be if I was unable to help any of my children go to University. I remember the bittersweet moment when I took my youngest son Tom to collect his exam results. On the one hand, the elation he felt that he would be going to the university of his choice. And on the other hand, the devastation he felt for his highest achieving friend whose parents couldn’t afford to send him. From that moment, my son was really able to appreciate just how hard his dad and I had saved for the futures of him and his three siblings.  

Good things come to those who wait.  

From a very early age, we have encouraged our children to save their pocket money and pay it into the bank. It is a beautiful way to teach them to respect the value of money, and it is such a great sense of achievement for them when they see their small contribution gradually grow into something bigger. 
 
We don’t know what the future holds for our children, and whether-or-not they will even have the luxury of a state pension. But what we can do is encourage good saving habits from the moment they start working. Putting a little away every month from the start will pay dividends in the future. 

Don’t talk to strangers. 

Even when our children become young adults, it is important to warn them about stranger danger. In this digital age, so many aspects of financial life are conducted online and that’s where the danger lies. I believe in the importance of dealing with a reputable financial company, meeting your adviser face-to-face and verifying their qualifications and credentials. 

You can never be too prepared.  

I am a huge advocate of encouraging mums of young adults to invest in products like Life Insurance and Critical Illness Cover as early as possible. The younger and healthier your child is when they invest, the cheaper these products are. It just makes good financial sense. 
 
Find out more about savings. Alternatively, speak to Debbie or one of the team at Her Finance

Our Story

Part of the Globaleye wealth advisory family, Her Finance is focused on helping women achieve their goals, establish their independence and make wise investments. 
 
We are here to help you make the right choices for some of the biggest decisions in your life, by putting you in touch with the best female advisers in the region – a team of highly qualified professionals, committed to advocating change for females in finance.   
 
Her Finance is backed by eminent partnerships with the likes of Fidelity and Quilter Cheviot, and maintains a strong commitment to compliance and regulation. 

5_16_12_17_1_.png
Sponsored by
HERfinance
5_16_12_17_1_.png
HERfinance is a lifestyle financial planners focused on empowering you with the knowledge and know-how to make informed decisions.
04 404 3700
Various Locations
Globaleye - Her Finance MPU

On ExpatWoman Today

Join Us for a Tour of the Sheikh Zayed Grand Mosque

Join Us for a Tour of the Sheikh Zayed Grand Mosque

You Won't Believe This Hidden Treasure Exists In Palm Jumeirah

Clarion Commons Invites YOU to ‘Clarion Goes Pink!’

Clarion Commons Invites YOU to ‘Clarion Goes Pink!’

Keep Your Hands Off the Phone While Driving

Keep Your Hands Off the Phone While Driving

7 Things You Need To Consider If You Want To Start Working From Home

7 Things You Need To Consider If You Want To Start Working From Home

In Pics: ExpatWoman

In Pics: ExpatWoman's Annual Burj Al Arab Breakfast

What All Women Should Know About Breast Cancer

What All Women Should Know About Breast Cancer

Teeth Whitening: The Best Way to Achieve a Brilliant Smile

Teeth Whitening: The Best Way to Achieve a Brilliant Smile

Dubai

Dubai's Sky Lit Up With A Meteor Shower

Male Infertility: Dealing With Infertility On a Father

Male Infertility: Dealing With Infertility On a Father's Special Day

FREE Health & Wellness Workshops Series at Bluelights

FREE Health & Wellness Workshops Series at Bluelights

Handwashing: What You Need to Know About Keeping Your Hands Clean

Handwashing: What You Need to Know About Keeping Your Hands Clean

3 Things You Need To Be Diwali Ready

3 Things You Need To Be Diwali Ready

Top 10 Football Schools in Dubai

Top 10 Football Schools in Dubai

5 Current Job Vacancies Available in Dubai

5 Current Job Vacancies Available in Dubai

Your Questions On Breast Cancer Answered

Your Questions On Breast Cancer Answered

Review: Aromatherapy At Koster Clinic With Nicole Flasser

Review: Aromatherapy At Koster Clinic With Nicole Flasser

Moving House in Dubai: A Step-By-Step Guide

Moving House in Dubai: A Step-By-Step Guide

Head To Wafi Mall And Get Spooky This Halloween

Head To Wafi Mall And Get Spooky This Halloween

Medical Universities in Dubai: An Expat Guide

Medical Universities in Dubai: An Expat Guide

The Role of Bacteria in Breast Cancer Development and Prevention

The Role of Bacteria in Breast Cancer Development and Prevention

PCOS Guide: 5 Ways to Spot the Symptoms of PCOS

PCOS Guide: 5 Ways to Spot the Symptoms of PCOS

8 Precautions to Take to Avoid Canine Car Sickness

8 Precautions to Take to Avoid Canine Car Sickness

Dubai Drivers Will Soon Be Rewarded For Following The Speed Limits

Dubai Drivers Will Soon Be Rewarded For Following The Speed Limits

The New Beachfront In Jumeirah, La Mer, Is Opening This Month

The New Beachfront In Jumeirah, La Mer, Is Opening This Month

Hoverbikes in Dubai: The New Technology From Dubai Police

Hoverbikes in Dubai: The New Technology From Dubai Police

How Playing With Your Kids Help With Their Development

How Playing With Your Kids Help With Their Development

6 Healthy Halloween Snack Ideas That Your Kids Will Love

6 Healthy Halloween Snack Ideas That Your Kids Will Love

True Expat: From A Lifetime In Dubai To New Beginnings In The UK

True Expat: From A Lifetime In Dubai To New Beginnings In The UK

Top 10 Arabic Speaking Courses in Dubai

Top 10 Arabic Speaking Courses in Dubai

SISD Opens State-of-the-Art Secondary School Campus

SISD Opens State-of-the-Art Secondary School Campus

Join in Dubai

Join in Dubai's Fitness Challenge With Golden Mile Galleria

Prepare Your Children For the Challenges of Tomorrow at Safa ELC

Prepare Your Children For the Challenges of Tomorrow at Safa ELC

Will UK Citizens Still Be Able to Live and Work in France?

Will UK Citizens Still Be Able to Live and Work in France?

EW Entrepreneurs: Essentials of Business Finance

EW Entrepreneurs: Essentials of Business Finance

4 Tricks Supermarkets Use to Get You to Shop More

4 Tricks Supermarkets Use to Get You to Shop More

MBA Courses in Dubai: A Complete Guide

MBA Courses in Dubai: A Complete Guide

What You Should Know About Breast Cancer Screening

What You Should Know About Breast Cancer Screening

What Should You Do If You Have An Accident In the UAE?

What Should You Do If You Have An Accident In the UAE?

The Most Common Tourist Questions About Dubai, Answered

The Most Common Tourist Questions About Dubai, Answered

In Pics: EW Entrepreneurs - Master Personal Branding

In Pics: EW Entrepreneurs - Master Personal Branding

FREE Self-Breast Examination at Aster Clinic this October

FREE Self-Breast Examination at Aster Clinic this October

Managing Anxiety, Stress and Trauma Through EMDR Therapy

Managing Anxiety, Stress and Trauma Through EMDR Therapy