Financial education or the lack thereof.
Think about it. How much formal financial education did you gotten as a child or as an adult? Many of us received none or very little in school and learned about finances via experience or antiquated thinking. Most Americans know very little about two things:
- making money
- managing money (budgets)
- saving money
Moms are usually the backbones to the family. They are usually the ones who are the CEOs, CFOs (Chief Financial Officers) and COOs (Chief Operations Officer) of the family. They are the ones who make it their number one priority to make sure that their family runs smoothly. But they struggle with how to do that because they don't understand money.
Struggle #1 Making Money
Many moms have bought into the idea of having a job to make money. Trading time for money is terrible thinking- especially for moms. This notion causes them to work overtime or get additional jobs just to make more money, which, in turn, causes them to lose more and more time with their family. I want to help moms learn how to make money without being a slave to a job. I want to teach them that they can have a job but not NEED a job. And if they desire to quit their jobs completely, I want to show them how to do that too.
Struggle #2 Managing Money
Even moms who seemingly have enough income to live comfortably are struggling. Why? They can't seem to get out of debt or they overspend. Failure to have a budget and/or follow it only leads to debt, overdraft fess and payday loans. I will show moms how to allocate money for debt and manage household expenses.
Struggle #3 Saving Money
One thing that stay-at-home moms don't think about is what they would do if they husbands lost their jobs. They haven't set up savings and/or investments to cover lost income. Sometimes if they have thought about it, they simply can't save for such an event because of Struggle #2. Let's work on planning so that if such a thing happens, you will be prepared.
If you're a mom who needs help, connect with me on Facebook and send me a message.
Until next time, I wish you peace, patience and prosperity.