If you’re like me, your mother was your financial mentor; the last bastion of financial wisdom before entering the cold reality of real world money matters as an adult. Maybe it’s time to repay her for all the motherly wisdom and years of unconditional love she showed you by getting her a thoughtful mother’s day gift that will help improve her finances.
According to a recent survey conducted by RetailMeNot.ca, the majority of Canadians will be spending $50 or less on Mothers’ Day this year. If this sounds like you and you’re looking to make that $50 count – or even grow – here are our picks for financially geared mother’s day gifts, that’ll grow your mom’s wealth long after flowers have wilted.
For the Literary Lady
If you’ve cruised the personal finance section of your bookstore, you’ve likely experienced the headache-inducing volume of money advice books. By all means, feel free to sift through for one that catches your eye but if you want to skip the search why not one of these titles?
99 Things Women Wish They Knew Before Planning for Retirement by Helen Georgaklis
Everything a baby boomer should know before retiring.
Popular personal finance writer Suze Orman shares some woman-oriented money advice.
Author and psychotherapist Dr. Kate Levinson looks at the role of money in a women’s life and navigating the emotional elements of personal finance.
Smart Women Don’t Retire – They Break Free: From Working Full-Time to Living Full-Time by The Transition Network
The first book from The Transition Network looks at the unique needs of women as they navigate the new realities and possibilities of retirement.
For the Tech-Savvy Mom
When my mom got a cellphone a year and a half ago, we had no idea what had been unleashed. From “OMG” and smiley-littered messages, group pictures keeping us updated on the state of the flowerbeds and Reddit links sent just before bed or in the morning, it wasn’t long before she’d fully immersed herself in the mobile world.
If you’re in the same boat, why not invest in a personal finance app for your mom? Here are some of the best.
For only $4.99, Koku is one of the best financial apps out there. It consolidates finances all in one place to help mom keep track of how much she is spending and what accounts it’s coming from. Koku is a great gift and easy way to help your mom track her spending habits.
For the android user, MoneyWise is a free, simple to use expense-tracking and budgeting tool. Its tagging feature helps keep track of different financial categories.
For the Financially Forward-Thinking Mom
Apps and books not quite your style? If you’re looking for a gift that truly keeps giving, look to option that will actually improve your mom’s wealth.
Hire a financial advisor: If you don’t mind going over budget, you could hire a financial advisor to give your moms retirement plan an “once-over” or help set some budgeting ideas for retirement. Here are a few tips on finding the best financial advisor for seniors.
Give her a stock market boost: If your mom is financially savvy, why not get her started in the stock market? Using our handy guide you can give her an introduction to the basics of online trading. Go one step further by making a few stock picks on her behalf.
What do you plan to get your mom for Mother’s Day?