Money trees are known for their unique trunk and lush green leaves. They are also believed to bring good fortune and prosperity, which makes them a popular choice for houseplants. However, growing and caring for a money tree requires some knowledge and effort.

Overview

If you're looking for a low-maintenance houseplant [1] that can bring good fortune to your home, a money tree (Pachira aquatica) may be just what you need. As its name suggests, this plant is associated with prosperity and wealth, and it's relatively easy to care for.

Whether you're a seasoned plant parent or a beginner,  we will provide you with tips and tricks on how to grow and care for a money tree. From watering and lighting to pruning and propagation, we'll cover everything you need to know to help your money tree thrive and potentially bring good luck and financial success to your home.

Plant Type

Tree

Botanical Name

Pachira aquatica

Common Name

Money tree, Guiana chestnut

How to Grow and Care for Money Tree

Caring for a money tree involves several key steps to ensure that it stays healthy and vibrant. Here are some tips for caring for your money tree:

Watering

Money trees prefer moist but not waterlogged soil. It's best to water your money tree thoroughly once a week or when the top inch of soil feels dry. Make sure to drain any excess water from the pot's saucer to avoid waterlogged soil, which can lead to root rot.

Light

Money trees prefer bright but indirect light. Too much direct sunlight [2] can burn their leaves, while too little light can cause them to wilt. A north-facing window is an ideal location for a money tree.

Soil

Money trees prefer slightly acidic, well-draining soil. You can use a mix of peat moss and perlite or a commercial potting soil as a base. Adding sand or gravel can also help with drainage.

Fertilizing

Money trees don't require a lot of fertilizer, but they can benefit from occasional feeding. Use a balanced, water-soluble fertilizer once a month during the growing season [3] (spring and summer). Avoid fertilizing during the winter months when the plant's growth slows down.

How to Maintain Braided Money Trees?

You could choose to braid three young, healthy money trees together and pot them as a single plant if they have flexible trunks and are healthy. Alternately, you can braid flexible new stems on already existing plants. It is believed that braiding holds good fortune in its folds. Like hair braiding, it's a straightforward procedure that requires experience and a delicate touch to master. the following steps:

  1. To braid well, stems need to be well over a foot long. Remove the plants from their containers. Cut off any extra leaves that may be present in the stem's center and prevent braiding.

  2. When braiding, start from the bottom or the top of the plants, whatever is more convenient for you. To hold the stems together and facilitate braiding, start from whichever end and wrap a twist tie, ribbon, or piece of thread around the ends.

  3. Keep your braid free; tight braiding weakens the plant since its stems become thicker as it develops.

  4. If the braid doesn't remain after being released, gently and loosely knot it with thread, a twist tie, or a piece of garden tape to keep it in place.

  5. In its new container, pot the plant. With a few stakes that are also very lightly connected to the stem with thread, stabilize the braided plants. The roots may be harmed if the stake is driven in too deeply.

  6. Plants that have been braided will need time to recuperate, so place the pot in a somewhat shaded spot for about a month.

  7. You may remove the tape or string securing the braid after a few months.

Potting and Repotting Money Tree

Potting and repotting money tree is a fun and rewarding activity that can help you grow a healthy and beautiful plant. Money tree, also known as Pachira aquatica, is a tropical plant that thrives in moist and well-drained soil. It can grow up to 10 feet tall indoors, but you can prune it to keep it at a manageable size. Here are some tips on how to pot and repot your money tree:

  • Choose a pot that is slightly larger than the root ball of your money tree. Make sure it has drainage holes at the bottom to prevent root rot.

  • Fill the pot with a mix of peat moss, perlite, and sand. You can also add some compost or fertilizer to enrich the soil.

  • Gently remove the money tree from its original pot and shake off any excess soil. Inspect the roots for any signs of damage or disease and trim off any dead or diseased roots.

  • Place the money tree in the center of the new pot and spread out the roots evenly. Add more soil around the root ball and press it firmly to eliminate any air pockets.

  • Water the money tree thoroughly until water drains out of the bottom of the pot. Place it in a bright spot with indirect sunlight and avoid direct sun exposure.

  • Repot your money tree every two to three years or when you notice that the roots are growing out of the drainage holes. Follow the same steps as above and use a fresh potting mix.

Common Growing Problems of Money Tree

Money trees are popular houseplants that can bring good luck and prosperity to any home. However, they also require some special care and attention to thrive. Here are some common growing problems of money trees and how to fix them.

  • Yellowing leaves: Usually, this denotes either excessive irrigation or inadequate drainage. To avoid this, make sure the pot has drainage holes and water your money tree just when the top inch of soil feels dry. You may also use a perlite- or sand-based potting mix that drains nicely.

  • Dropping leaves: Sudden fluctuations in temperature, humidity, or light can cause this. Money trees like a warm, moist setting with plenty of indirect light. Keep them away from drafts, heaters, and air conditioners. To raise the humidity, you may also routinely spritz the leaves or use a humidifier.

  • Brown tips or edges: Low humidity or salt accumulation in the soil are common causes of this. To fix this, use scissors to remove the brown portions of the leaves and raise the humidity level in the area around the plant. Every few months, you may also flush the soil with water to get rid of extra salts and fertilizers.

  • Pests or diseases: Money trees can be attacked by spider mites, mealybugs, scale insects, or fungal infections. To prevent this, inspect your plant regularly and wipe the leaves with a damp cloth or a mild soap solution. You can also use neem oil, horticultural oil, or insecticidal soap to treat any infestations or infections.

FAQs

Q: How often should I water my money tree?

A: Money trees prefer consistently moist soil, but they do not like to sit in water. Water your plant thoroughly and allow the soil to dry out slightly in between waterings. Depending on the size of your pot and the environment, you may need to water your money tree once a week or every two weeks.

Q: Does my money tree need fertilizer?

A: Money trees benefit from occasional fertilization. Use a balanced fertilizer every 2-3 months during the growing seasons.

Q: How do I take care of brown, crispy leaves on my money tree?

A: Brown, crispy leaves on a money tree can be a sign of overwatering, underwatering, or too much direct sunlight. Check the moisture level of the soil and adjust your watering frequency accordingly. Move the plant to a shadier spot if it’s receiving too much direct sunlight.

Q: Can I propagate my money tree?

A: Yes, you can propagate money trees through stem cuttings. Take a cutting with a few leaves and a node, dip it in rooting hormone, and plant it in well-draining soil. Keep the soil consistently moist and provide the cutting with bright, indirect light.

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  1. Low-maintenance houseplant - Aggie Horticulture

  2. Direct sunlight - National Library of Medicine

  3. Growing season - U.S. Environmental Protection Agency