Is Your Mom Bad for Your Money?

Via LearnVest By Amy Keyishian ~

There are all kinds of moms in the world. Mine is so thrifty that I was strictly ordered not to check up on her via her cell (her only working phone) during the Sandy cleanup until after 6 p.m. because she doesn’t want to use up her minutes.

Many of my friends have the opposite kind of moms … ones who actually encourage the spending of money, like some kind of unholy combination of irrepressible gal pal and deeply entrenched authority figure.

I suppose I should refuse to make fun of moms, now that I am one … but now more than ever I’m amused by the annoying habits that are bound to inspire my own daughter’s future personal essays (“I was five before I realized you could buy brand-new clothes directly from Target!”).

Speaking to friends*, I found that indeed, while we all have wildly differing matriarchs, we also share a common problem: Even the most well-meaning moms can blow holes in our wallets, sometimes in outstandingly creative ways.

Just in time for that time of year when we’re heading home, sharing turkey and pushing the buttons of those we love most, we asked them to detail how a well-meaning mother has sent them into the red.

Have your own stories of an expensive mom? Please share in the comments!

Going Out on the Town

“If I go shopping with my mom, I have to triple my budget because she’ll say, ‘That looks so great on you, you’ve got to buy one in every color!’ Except the color she calls ‘poison green.’ She hates green. So of course I also have to buy it in green.”
– Vanessa

“I love going out to lunch with my mom, but I have to factor in double the budget because there’s no way I’m letting her pay.”
– Kasey

“Au contraire, I love going out to lunch with my mom, but I have to factor in the fact that I’m going to have to bring cash to sneak onto the table to double her measly tip!”
– Alyssa

Staying In

“My parents have moved in with me for the duration of the Sandy cleanup. I love having them here, but my mom’s an interior designer, and she’s already planning a complete overhaul for my kitchen. It’ll look so great, but oh, my God, the money…”
– Candice

“I rented a small storage unit before the last time my super-snoop mom visited. I didn’t need her poking through my bills for unsuccessful fertility treatments, tax forms, and birthday cards from my dad, signed by my stepmom. Once I had the extra space I couldn’t give it up, and have been renting it ever since.”
– Lucia

Keeping in Touch

“I make a pretty good hourly wage as a consultant. Meanwhile, my mom thinks I don’t work, because I have a home office. Every time she calls in the middle of the day to find out why her wireless internet won’t connect, I ask her why she won’t call my brother, and she says, ‘I can’t call him at work!’ I should send her a billing statement.”
– Melissa

“When I was living in Ireland, my mom very kindly sent me American peanut butter (which isn’t available there), but it was the kind I hate. I didn’t eat it, but the homeless shelter was happy to get it. The problem was that she insured it, so I had to pay 30 euros (about $35) in taxes for peanut butter I didn’t even want!”
– Adrian

LearnVest is the leading lifestyle and personal finance website for women.

Also, read >  When It Pays To Pay More