Detailed Guide to Growing and Caring for the Money Tree

The money tree, botanically known as Pachira aquatica (Malabar chestnut), is an evergreen small tree in the genus Pachira of the family Malvaceae. It is native to Central and South America and has become a very popular indoor foliage houseplant because its name carries an auspicious meaning. Its stem base is thick and swollen and can store water, and its palmate compound leaves are fresh green and spreading, giving the plant a dignified and graceful form. On the market, it is commonly seen as several stems braided together, as well as in a single-trunk upright style, so you can choose according to the space where it will be placed.

The money tree is valued mainly for its ornamental and decorative appeal. Placed in a living room, study, office or shop, it stays green all year round, adds vitality to the space, and also helps somewhat with improving the humidity of the indoor micro-environment. In traditional custom, it is regarded as an auspicious plant that attracts wealth and blessings, and it is often given as a congratulatory gift at business openings and housewarmings.

For care, the money tree likes warmth and bright indirect light; it should not be exposed to scorching sun, nor kept in a dark corner for long periods. It is most afraid of waterlogged potting soil, so watering should err on the dry side rather than wet: wait until the soil has dried out completely, then water thoroughly, and keep it on the sparing side. The soil should be loose, breathable sandy soil, and placing a drainage layer at the bottom of the pot is even safer. In winter, take care to keep it warm and protect it from the cold; when temperatures are low, move it to a bright spot indoors and reduce watering at the same time, keeping the potting soil on the dry side.

The everyday problems are mostly yellow leaves and root rot, usually caused by overly frequent watering, heavy sticky potting soil or poor ventilation. When you notice leaves turning yellow and drooping, first check whether the potting soil has been wet for a long time. In severe cases, take the plant out of the pot, prune away the rotted roots, repot it in fresh loose soil, and keep it in a ventilated spot with indirect light, and it will gradually recover its growth.