Money Trees are darling plants that typically feature multiple trunks and glossy leaves. Formally known as Pachira aquatica, this plant is initially from Central and South America. It naturally grows in wetlands and is known as French peanut, Guiana chestnut, Malabar chestnut, Monguba, Provision tree, Pumpo, or Saba nut. Interestingly enough, while this plant hails from the Americas, it found popularity as a houseplant in Taiwan. Money Tree care is simple, and its good looks are well worth the minimal effort.
Money Tree Details
The Money Tree is low-maintenance and fast-growing, so whatever you want in a plant – this one probably tics the box. Elliptical leaves are narrow at the stem and have wider near the end. The glossy leaves grow in clusters of five, known as a palmately compound. In nature, Money Trees can reach 60 feet tall, while houseplants tend to max out at around 6 or 8 feet. Money Trees typically have several trunks that are usually braided. This process is started with young trees and often takes months.
Similar Names
The common name Money Tree is inspired by the Feng Shui concept that the plant will bring the owner good luck. The name is similar to the Chinese Money Plant, and Jade (Crassula ovata) is sometimes known as a Money Tree, but these plants are unrelated.
Money Tree Light Needs
Money Tree care requires bright indirect sunlight. These leafy plants can adapt to medium light for flexible placement options. Avoid low light, which leads to slow growth and can cause the leaves to turn yellow. Limited direct light can be okay, but too much will burn the leaves. When in doubt, keep the plant out of direct sunlight.
How Often to Water Money Tree
Water your Money Tree when the top couple of inches of soil are dry. Feel the soil to determine the best time to water. This plant naturally grows in wetlands, so it likes damp conditions, but it doesn’t like to be soggy. The leaves will turn yellow at the tips when the plant is overwatered. Brown leaves indicate the plant is underwatered.
When it is time to water, saturate the soil until water drains through the container. Empty the cover pot and tray so water is not absorbed back into the soil. Scale back the watering frequency during the winter.
Best Soil for Money Tree
Money Trees like rich, well-drained soil. This plant hails from wetlands, but drainage is important to proper Money Tree care. Most potting mixes are a good choice. To provide nutrition and drainage you can amend a mix with peat moss and perlite to provide nutrition and drainage.
Temperature for Money Tree
Temperatures between 65° and 80° F provide ideal Money Tree care, so most homes are a good environment. Move this beauty to a porch or covered deck during the summer to add greenery to an outdoor space and help the plant thrive. Plants may drop leaves after a move, but they will acclimate with time. Wait until the temperature is consistently warm before moving your Money Tree. You may want to gradually move the plant outside over the course of a couple of weeks for a few hours each day and bring it inside at night to help it adjust to outdoor living.
Money Tree Humidity
Average humidity is just fine for Money Trees. Anything around 50% supports healthy foliage development. High humidity is not necessary, but it’s not a deal breaker. Low humidity can be a problem, so increase dampness if you live in a dry climate or your home is dry during the winter.
Money Tree Fertilizer
Fertilizing is a small but essential part of Money Tree care. Feed your plant using balanced fertilizer to support strong and continued growth. Water-soluble fertilizers are a good choice because you can combine feedings with regular watering sessions.
Provide excellent Money Tree care by fertilizing the plant once per month during the spring and summer. Continue to feed the plant during the fall and winter, but apply fertilizer once every two months.
Pruning Money Tree
How you prune a Money Tree depends on your goals for the plant. Trim lower branches if you want a large tree-like plant. Prune the top of the plant if you want a small bonsai tree or if you want to control the size so the plant doesn’t outgrow your space.
When to Repot Money Tree
Plan to repot your Money Tree every two to three years. Repotting is necessary to give the plant fresh soil to keep it happy and growing. Upgrade your Money Tree to a container that is one to two inches larger if you want your tree to get bigger. If you’re happy with the size or if you don’t have space for a bigger plant, just give your tree fresh soil and keep it in the same size pot. The pot must have drainage, but otherwise, the material doesn’t matter.
Money Tree Propagation
Propagate Money Trees by trimming a stem section. The cutting should have multiple leaf nodes, remove the lower leaves and place the cut end in soil. Roots will develop in about a month. Keep the soil damp for the first month, then switch to a watering routine for an established plant.
Are Money Trees Pet Friendly?
Yes, Money Trees are pet friendly. Money Trees are non-toxic to cats and dogs. Place your Money Tree anywhere in your home and rest easy knowing your pets are safe.
Money Tree Styling Tips
Money Trees make stunning floor plants that add height. Feature a tree alongside a window, or use it to anchor a large room. The lush foliage has a glossy appearance, while the braided trunks add texture.
Money Trees don’t like to move, especially once they have acclimated to a spot. If your plant is thriving and you love where it is, make that it’s permanent home, but don’t be afraid to move it if you think another spot would be a better fit. The plant may drop leaves after the move, but that’s normal, and it will bounce back with time.
Money Tree Care Tips
Money Tree care is simple, making these plants an excellent addition to any space. The leafy canopy has a tropical vibe, making it easy to style this plant. Easy care requirements and a fast-growing tendency make this plant a favorite among many plant owners.