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.
Master Your Money Part I, Session 1 & 2
Enjoy the rebroadcast in this episode of the Midday Money Show.
Trea Branch is blogging her way through dumping a $180,000 student loan bill. She shares her progress regularly and has the balance down to under $97,000 as of Jan 2014 on her way to student loan debt freedom.
For our Master Your Money series, Trea started the evening off with “How to Control Your Spending”. Trea presented a real world example of organizing expenses and breaking them down between multiple paychecks while prioritizes your financial goals. She highlighted the following concepts:
- Tracking Your Spending
- Setting a Realistic Budget
- Breaking Down Spending per Paycheck
Trea suggested using Mint.com to organize expenses if an Excel spreadsheet just wont’ do.
Michelle Jackson delivered an intensely personal session complete with an introspective analysis of mistakes made and lessons learned. Her topic, “Backsliding on your Debt Free Goals. How to Reboot and Begin Again”, was full of suggestions to restart your process if you are off track.
She spoke from recent personal experience and encouraged everyone to forgive past mistakes and look forward to the future with renewed vigor. Her session is full of great sources for inspiration and support. A few of the ideas include:
- Continue to educate yourself
- Create a vision board
- Recognize your weaknesses and triggers which lead to poor decisions like Travis at Enemy of Debt
- Surround yourself with a productive support system
- Be positive
Were you wondering why she calls herself an accidental hipster (and how it saves her thousands)?
Master Your Money Part I, Session 3
Enjoy the recorded session: How to Stop Fighting Over Money and Build Wealth.
Elle Martinez blogs and hosts a podcast dedicated to helping couples build their marriages and net worth. Her recorded session, “How to Stop Fighting and Build Wealth” will be available tomorrow.
Elle went through a detailed set of suggestions to help couples have tough money talks with productive outcomes. Conflict is expected, especially when dealing with two converging perspectives on managing money. How the conflicts are handled can mean the difference between falling apart or working together to build wealth.
You’ll want to tune in and find out just why everyone was so excited about the $20 date night idea.
Elle mentioned listening to bloggers who focus on marriage and money themes. Her list included:
- Elle Martinez of CoupleMoneyPodcast.com
- Talaat and Tai McNeely of HisandHerMoney.com
- Better Conversations About Money Derek and Carrie Olsen
- Simpler Happier Life with Mark and Lauren Greutman
You can find and subscribe to each podcast also on iTunes or Stitcher radio.
Master Your Money Part II
Unfortunately, the technology trolls took over and I was not able to record the second day. I will still provide you links information from each presenter below.
Rosemarie Groner is former state trooper who turned in her badge to pursue a different mission. Now as stay at home mom, she specializes in strategies to save money and supplement your income with realistic and doable side gigs. She took us through a Financial Bootcamp with great insights on decreasing spending and increasing savings.
Find more about her great tips she shared in The Ultimate Money Savings Workbook: 200 Ways to Decrease Spending, Increase Savings, and Achieve Your Dreams.
Talaat and Tai McNeely are a dynamic financial tag-team duo. These partners in life and everything personal finance are working with one mind now, but they didn’t start out that way. While we don’t have their hilarious story from the Master Your Money workshop or the quite possibly, unethical admission Tai confessed to before they tied the knot, we have the next best thing.
Not only do they blog about making money work between spouses, they have a popular YouTube channel and podcast. This memorable episode covers how two shall become one.
If you attended the live presentation or took in the rebroadcast, please leave your biggest financial takeaway from either session in the comments below. We’d all love to hear it.
Before you go, get your FREE copy of our tips to save more money!