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Some of the best financial advice comes from dear old Mom Date published: 5/13/2006 By CATHY JETT By CATHY JETT Tara Byrd's grandmother had a homespun but memorable way of imparting sage financial advice. "A woman can spoon more out the back door than a man can shovel in the front," Irma Conley always used to say. "The idea was for a woman to be frugal in the kitchen by not wasting even small amounts of food and, in doing so, contribute to the household's financial success," said Byrd, who lives in Bowling Green. The advice stuck. When Byrd grew up and married, she and her daughters developed creative ways of turning leftovers into tasty meals. "Now I'm the grandmother and I still try to not throw out food!" she said. Like Byrd, most people get their first lessons in money management from family members. So what better way to honor the women in your life this Mother's Day than by celebrating their cherished pearls of financial wisdom? Take the advice Brenda Morris Shelton of Stafford County got from her mother, Hazel Morris, just before she married Aubrey Shelton. It was: "Always feather your nest, because you never know if love is going to last." So Shelton, now assistant vice president of the National Bank of Fredericksburg, diligently put a little bit of cash aside whenever she could. That nest egg came in handy years later when her husband wanted to buy a used tractor. The banks had closed and they needed more cash than they could get from an ATM. Her husband was eager to close the deal, and asked if they had any money at home. "I said, 'I'll see,'" Shelton said with a laugh. She gave him the cash, and he paid her back after he fixed up the tractor and resold it for a tidy profit. The money went right back into her secret nest egg. "It makes me feel more secure," Shelton said. "It's a little bit of cushion." For Beverly Beach of Spotsylvania County, the key piece of financial advice she received growing up would be her "super shopper" mom's admonition never to buy anything unless it was discounted 70 percent.
1. Be respectful. No personal attacks.
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