Updated: June 28, 2023

The Pilea money plant, also known as the Chinese money plant or pancake plant, is a popular houseplant known for its unique round-shaped leaves and its ability to bring good luck and prosperity. Native to China, this plant has gained popularity worldwide due to its low maintenance requirements and attractive appearance. If you’re thinking of adding a Pilea money plant to your indoor garden, here are some essential care tips to help you keep it thriving.

1. Light Requirements

One of the most important factors in caring for a Pilea money plant is providing it with the right amount of light. These plants prefer bright, indirect light but can also tolerate low light conditions. Placing your Pilea near a north-facing window or a spot with filtered sunlight is ideal. Avoid exposing it to direct sunlight for extended periods, as this can cause leaf burn.

2. Temperature and Humidity

Pilea money plants thrive in temperatures between 65-75°F (18-24°C). They can tolerate slightly cooler temperatures during winter but should be kept away from drafts or sudden temperature changes.

In terms of humidity, Pilea money plants prefer moderate levels. If the air in your home is dry, you can increase humidity around the plant by misting it with water or placing a tray of water nearby. However, be cautious not to overwater the plant, as excessive moisture can lead to root rot.

3. Watering

Proper watering is crucial for the health of your Pilea money plant. These plants prefer slightly moist soil but are prone to root rot if overwatered. Allow the top inch of soil to dry out before watering again and ensure that the pot has proper drainage to prevent waterlogged roots.

During the growing season (spring and summer), you may need to water your Pilea more frequently. However, reduce the frequency during the dormant period (fall and winter) to prevent waterlogged soil. Always check the moisture level of the soil before watering, as individual plant conditions may vary.

4. Soil and Potting

Choosing the right soil and pot for your Pilea money plant is essential for its overall health. These plants prefer well-draining soil that retains some moisture but doesn’t become waterlogged. A mixture of potting soil, peat moss, and perlite or sand works well for Pilea money plants.

When repotting, choose a pot that is slightly larger than the current one to allow the plant’s roots to spread comfortably. Ensure that the new pot has drainage holes to prevent water from accumulating at the bottom.

5. Fertilizing

To keep your Pilea money plant healthy and promote growth, regular fertilization is necessary. During the growing season, which is usually spring and summer, use a balanced liquid fertilizer diluted to half strength every two weeks. Reduce the frequency to once a month during the dormant period.

Avoid over-fertilizing your Pilea, as this can lead to salt build-up in the soil, causing root damage. Always follow the instructions on the fertilizer packaging and adjust accordingly based on your plant’s needs.

6. Pruning and Propagation

Pruning your Pilea money plant helps maintain its shape and encourages bushier growth. Trim any leggy or damaged stems using sharp, clean scissors or pruning shears. You can also remove any yellowing or dead leaves to keep the plant looking tidy.

Pilea money plants are relatively easy to propagate through stem cuttings. To propagate, select a healthy stem with several leaves and cut it just below a node. Place the cutting in water or moist soil until it develops roots. Once rooted, you can transfer it to a new pot and treat it as a mature plant.

7. Common Issues and Solutions

Pilea money plants are generally resilient, but they can still face some common issues. Here are a few problems you may encounter and their solutions:

  • Yellowing leaves: This can be caused by overwatering or underwatering. Adjust your watering routine accordingly, ensuring the soil is slightly moist but not soggy.
  • Drooping leaves: This is often a sign of underwatering. Check the moisture level of the soil and increase watering if necessary.
  • Pests: Pilea money plants are susceptible to common houseplant pests like spider mites and mealybugs. Regularly inspect your plant for any signs of infestation and treat with appropriate organic insecticides or insecticidal soap.

By following these care tips, you can enjoy a healthy and thriving Pilea money plant in your home. With its unique appearance and reputation for bringing good fortune, this plant is a wonderful addition to any indoor garden. Happy gardening!