Finance$ with

a

Female Focu$  

 

"it’s NEVER  just

about  money!”

 

Brought to You by

money management Counselors/FI$C

a non-profit Serving door & Kewaunee counties since 1994

Greetings to some awesome women!

Newsletter #10

 

Seems the New Year always brings with it resolutions of changing behaviors, clean slates, do over’s or promises this year will be different. 

Some goals we achieve and some not.  One interesting thing I see over, and over again is the lack of attention to the journey one takes to reach their goal.

The journey is the most important aspect, because even if we do not achieve our goal we have learned thru the process or in other words “a glass half full” on those resolution efforts.  Rarely does one hear “I set a goal to go to the gym three nights a week this year.

I am so excited! Hurray for me! I managed to make it work for three months.”

 

This is your journey. This is your New Year.

We have developed these platforms to make getting information to YOU easier and to give you important resources to assist you in achieving your goals on your life journey with money.   In celebrating our 25 years we are stepping it up!

 

This year’s theme will be “My Personal Journey with Money” diving deeper in the psychological relationship of money and how it effects our financial wellness. This past December Gay covered in her Monday Management Mondays, on Door County Daily News, the psychology over our financial decisions.

 

This is a topic we feel has so much depth that we will be continuing to look at this over the year in our expanded newsletter series. We are also very excited to announce that we will be extending the platform of our Woman and Money Newsletters to address couples and seniors.  So look for those additional Newsletters on a tri-annual basis to accompany our Woman and Money Newsletter.

 

2019  Money Management Tip #1: Knowledge is Power.

 Since books are one way to gain knowledge, The Woman and Money suggested book list will also be expanded to utilize our blog space.  We will be selecting a few books each year to read and have open discussions of on our blog.  We also encourage any additional thoughts and ideas of what YOU would like to see in Woman and Money and how you want to utilize our blog going forward, so please contact us via the blog or email. We look forward to your comments.

 

I am looking forward to our 25th year and joining you as we look at understanding our relationships with money and all that entails.

 

Sincerely, Leslie Boden

 

 

Could sentimental items help you save more money?

By Beth Kobliner

 

 

"A new study led by psychologist Brad Klontz tried to figure out if sentimental items—like Grandpa’s old watch or your childhood stuffed toy—could change savings behaviors. This might sound like wishful thinking, but considering how many of our financial actions are driven by feelings (ever gone on a shopping spree after a breakup?) and how irrational we can be about money, Klontz and his team at Creighton University thought they might be on to something. It turns out that they were. "-A quote from the article

 

 
Read Full Article

Suggested Reading

In selecting our January books to feature that focus on our 2019 theme of our

Emotional Journey with Money it seems we need to take it a step back. 

Since our money issues and/or habits are directly linked to our emotional wellness it would seem we are putting the cart before the horse.  Some refer to it as building a house - you have to have a solid foundation to make it to the second floor and beyond.  So our suggested reading this month doesn’t touch on money directly but we hope our couple of book selections will serve as good reads to help you establish your own foundation to take on your Emotional Journey with Money.

 

 

NEW YORK TIMES BESTSELLER • This inspiring guide to healing and growth illuminates the richness and potential of every life, even in the face of loss and adversity.
 

Broken Open: How Difficult Times Can Help Us Grow

by --ELIZABETH LESSER

During times of transition, amid everyday stress, and even when we face seemingly insurmountable adversity, life offers us a choice: to turn away from change or to embrace it; to shut down or to be broken open and transformed. In the more than twenty-five years since she co-founded the Omega Institute--now the world's largest personal-growth and spiritual retreat center--Elizabeth Lesser has been an intimate witness to the ways in which human beings deal with change, loss, and difficulty. She herself has struggled to submit to what she calls the "Phoenix Process"-- allowing herself to be broken open in order to rise like the mythical bird from the ashes of past mistakes and suffering. In this beautifully written, often funny, and always inspiring book, Lesser has gathered together true stories about ordinary people who by design or disaster decided to step boldly into a fuller life. Here are profoundly moving narratives of fears overcome and risks taken; of hard times and difficult passages; of betrayal, divorce, sickness, and death; and of the day-to-day challenges of raising children, earning a living, and growing older. By sharing her own most human traits, Lesser helps us feel less lonely in our own struggles, and more optimistic about the possibility of transformation.--ELIZABETH LESSER(Amazon)

 
Preview Book Here at Amazon

Become A Money Master & Declutter Emotions From Spending In 5 Easy Steps

By

By Leanne Jacobs

 

"During the next few years, I let go of many fears that were holding me back in my life. I later realized that these fears were also clogging the flow of financial bliss in my life.

In my experience, the greater the inner stress and tension, the less financially healthy we are as well.        What if I had it wrong this whole time?

 

What if actually letting go of fear and tension was the key to thriving in health and in my bank account, and not the other way around? It was a terrifying thought to entertain.

The findings from my experiment were profound yet peaceful.

Here are the truths I discovered from my experiment. "-A quote from the article

 
Read Full Article

Get a Financial Life: Personal Finance in Your Twenties and Thirties

By Beth Kobliner

You’ve watched the economy change dramatically—and it hasn’t all been pretty: recession, job uncertainty, soaring rents, and student loan debt. But there’s hope! The 2017 edition of the bestselling Get a Financial Life: Personal Finance in Your Twenties and Thirties has been completely updated and overhauled.

  • Pay off high-rate credit card debt
  • Find the best student loan repayment plan for you
  • Get the most out of health insurance
  • Take advantage of savings plans like 401(k)s and IRAs
  • Invest in the stock market the right way
  • Shop for auto loans and mortgages

Whether you earn minimum wage or a six-figure salary, you need to know the rules of the game. And this book is your guide.

 
Preview Book

Coffee Shop Confessions: Beth Kobliner Gives Advice

 

People in their 20s and 30s confess their money problems to Beth Kobliner,

who offers tons of easy solutions.

20 Financial

New Year's Resolutions for 2019

By Susannah Snider, Senior Editor, Personal Finance

US News & World Report

"Get your money situation on the right track for next year.Nearly one-third of Americans plan to make a money resolution for 2019, according to a Fidelity Investments survey, with 48 percent of them planning to save more, 29 percent aiming to pay down debt and 15 percent aspiring to spend less. Looking to join their ranks? Here are 20 money resolutions to consider. " Excerpt from article.

 
Read Full Article

7 Smart Strategies to Avoid Impulse Buys That You’ll Regret Later

By Marla Christiansen

 

Thanks to online shopping and credit cards, every impulse purchase is just a single swipe or click away. When it's this easy to shop, it's no wonder many of us end up making impulse purchases we may later regret.

In turn, these financial missteps (buying a dress you don't need, or splurging on a phone you can't afford) can lead not just to overspending, but also to feelings of shame.

Considering how connected our shopping habits are with our emotions, financial therapy can help us take control of our impulse buying habits.

 
Read Article

Money Smart Week

March 30th-April 6th

 

Save The Date!!

7th Annual Trolley

Wine & Beer Tasting Gala

May 1st, 2019

 

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920-743-1862

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