Cash Reserves, Credit Card Debt, Debt, Financial Foundation

Creating a Financial Foundation- Part 1

This is the first installment of of creating a Financial Foundation.  A strong financial foundation can lead to greater financial success.  This installment talks about understanding your cost of living to establish a cash reserve that is in alignment with your needs.

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Budgets, Debt, Emotional Competence, Life Skills, Monday Money Smarts

Monday Money Smarts! February 11, 2019

Today I kick off our new topic!  Creating a Financial Foundation.

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How To Stay Motivated while You Eliminate Debt | www.TheHeavyPurse.com
Debt

6 Ways to Stay Motivated While Eliminating Debt

Most people don’t plan to go into debt. We tell ourselves that we’ll pay our credit card bill in full every month and do so. Until one month, the bill comes and we can’t afford it. We resolve to pay it off next month, but life happens and we creep a little bit further into debt. The descent into debt isn’t always one big mindless or frivolous expense. It is

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How To Find Your Money Balance | www.TheHeavyPurse.com
Debt

How To Find Your Money Balance

My friend, Laurie, recently shared how she was giving money all the power in their relationship and the steps she was taking to regain control. This happens frequently. Whether we like it or not, money does wield a lot of power in our world. It’s why it’s always been so important to me to teach Lauren and Taylor how to use that power wisely, so they are in control, rather

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Debt, infographic

The Money Secrets Parents Keep from Their Kids

I found this infographic about the money secrets parents keep from their kids. You’ll see that 77% of parents don’t tell their kids the truth about money matters. Ouch. Money has long been taboo in our homes, which is bad enough, but please don’t magnify the problem by outright lying.

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Debt Does Make You a Bad Person | www.TheHeavyPurse.com
Debt

Debt Does Not Make You a Bad Person

We have lots of conflicting emotions about money. We think it is good, bad, evil and everything in between. We feel guilty for having too much or angry for having so little. We let money define our worth, so we start living beyond our means to remain competitive with our neighbors, friends, family and co-workers. Until one day we wake up and realize we are in trouble. Even worse, the

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How To Integrate Debt into Every Day Conversations
Debt

How to Integrate Debt Conversations into Everyday Activities

Talking to my daughters about money comes very naturally to me, but I recognize that some parents struggle to do so in a manner that doesn’t come across as a lecture. I find the best way to integrate money talks is to look for everyday teachable moments. This way you avoid the “after school special” vibe and instead have a normal conversation with your kids.

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Debt

How to Teach Your Kids to Think about Debt

Most money lessons are fun and easy, but a few conversations are more difficult, such as talking about debt. We may hope our children never find themselves in debt, but most will experience it in some manner, whether it’s a mortgage, student loan or via credit cards. So let’s help them understand how to approach debt, because after all, not all debt is created equal.

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Debt

Don’t Let Fear Prevent You From Talking about Debt

A common thread I noticed in the comments from last week’s post, How To Talk to Your Kids About Family Debt was the desire to ensure any conversations about family debt didn’t scare your kids, which is completely understandable. The conversation shouldn’t scare your children, but reassure them that you’re in control and confident in your plan. But what I suspect you truly fear is actually having one of these

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Shannon Ryan SHANNON RYAN, CFP®
  • Meet Shannon

    "As a Certified Financial Planner, it is my passion to help individuals and families build a healthy relationship with money. I look forward to helping you raise financially confident kids.” - Shannon Ryan