An Inheritance for my Children's Children
- Created on 20 May 2015
That's actually the first part of a Proverb I can remember most vividly.
"A good man leaves an inheritance for his children's children..." Proverbs 13:22
Your children's children. Have you considered the impact of developing that type of lasting inheritance?
I've spent a fair amount of time wondering what exactly is meant by "inheritance" in this context. We inherit plenty of non-financial things from our parents: a good work ethic, freckles, a slow metabolism. Some items are more interesting than others.
I'm fairly convinced that in this context - the bible is primarily referring to money. Mostly because the second part of that statement talks about a sinner's wealth being laid up for the righteous.
Be Whole: Emotionally, Spiritually, and Financially
- Created on 18 May 2015
I spent an amazing day - that I didn't even know I needed - learning to Be Made Whole. That was the title of the Women's Conference hosted by Living Streams Worship Center this weekend.
I was invited to speak and had every intention of delivering an information packed presentation on why we should pursue debt freedom. That's not a stretch - as you can imagine. I love talking about it. Love interacting with people who know they can do better. Love encouraging others to figure out how to accomplish their debt free dreams.
But...I was in for a treat.
Why Are We OK With Debt?
- Created on 14 May 2015
This was a simple question posed in a podcast episode that aired with a fascinating person, Tim Otis, who'd just paid off $103,000 in student loan debt. I came across him after watching a fabulous happy dance on YouTube.
Sometimes you just have to express yourself.
However, during our conversation and Tim posed this simple question.
"Why are we okay with debt?"
I have a few thoughts on the matter.
Why Your Budget Doesn't Work
- Created on 12 May 2015
A side benefit of being immersed in a world of personal finance bloggers is I see A LOT of good tips on everything.
7 ways to rock an all-star budget. Budget your way to success is 3 easy steps. 101 reasons you should start budgeting now.
Okay, that last one might be a slight exaggeration. You get my drift.
We're awash in a sea of excellent tips. However, Americans are still living paycheck-to-paycheck to the tune of 76%. That's a huge chunk who will have difficulty pursuing debt free living. Either these tips are falling on deaf...eyes...or something else is amiss.
How the Power of Community Helps You Dump Debt
- Created on 07 May 2015
I'm more convinced than ever that working with a supportive community will positively impact your efforts to achieve debt freedom. That community may be as simple as a spousal unit. You might informally connect with like-minded friends. Or, you can be intentional about creating a support system.
Either way - it's worth the effort.
How to Persevere, Win With Money, and Find Financial Peace
- Created on 30 April 2015
In the beginning, I understood personal finances to mean paying your bills on time and ensuring there was enough money in the account to cover checks.
Leaving home at seventeen to enlist in the Marine Corps set me up to receive money on the 1st and the 15th of every month. Early in my career, I obtained my first credit card. It was the AAFES STAR card with a 0% interest rate that could only be used for uniform clothing.
Over the next ten years, I applied for and received multiple loans (auto, consolidation, and personal) and had several credit cards. I remember thinking to myself, if they approved me for it, then it must be good.
I was so wrong.
Master Your Money Recap
- Created on 27 April 2015
I had the pleasure of working with a phenomenal group of personal finance bloggers to present a two-part webinar for Money Smart Week. Money Smart Week is an annual effort organized by the Federal Reserve Bank of Chicago intended to improve financial literacy nationwide.
The week has grown to consist of workshops and seminars in person and online in many cities across the country. The best thing about the week - all events are FREE!
Money Smart Week is always held during Financial Literacy month in April.
5 Ways to Avoid Food Waste and Reclaim $1500
- Created on 24 April 2015
A new documentary caught my attention as documentaries generally do. We're throwing money away. This time via food waste.
I'll admit it. I have that problem after grocery shopping. Items don't actually make it into meals and end up in the garbage. Generally produce risks this fate in my house. I know better with meat. Freeze it immediately.
I've even conspired to chop up my less frequently used veggies, bag and freeze them until needed. Somehow that always ends up being a task for tomorrow.
A few cents lost on peppers or a squash down the tube really adds up. According to Just Eat It, we're throwing away $1500 in food waste per year.
That's just the average.
5 Frugal Fitness Options
- Created on 15 April 2015
Losing weight and dumping debt have similar features.
Both can lead to a more fruitful future.
Both can leave you feeling lighter.
Both can take you on journey of triumphs and setbacks.
Both require constant attention in order to see results.
Both can seem like pure hell if you're not naturally inclined to work out or manage money. It doesn't matter. Developing an affinity for both is a good thing. The sooner we accept it, the better off we'll be. There is no need to sacrifice our health while detangling from debt. However, taking on a gym membership or working out with a personal trainer may not be in the best interest of your monthly budget. Consider the following fiscal options instead.
Master Your Money - FREE Webinar
- Created on 11 April 2015
Saving for college? Preparing for retirement? Repairing your credit? Just wish you were better at managing your money? Sign up today for one of many financial education programs during Money Smart Week® April 18-25, coordinated by The Federal Reserve Bank of Chicago and hundreds of local partner organizations in your community.
Money Smart Week events are open to the public at businesses, financial institutions, schools, libraries, nonprofits and government agencies on topics including kids and money, credit building, managing student debt and retirement. Event information is available at www.moneysmartweek.org.