It’s been a hot week here in Southern California, which is unusual for us. There are some bad wildfires burning in the LA and San Diego area, so to my friends and readers in those areas—be safe! In happier news, I will be speaking at the Empowering Mothers Benefits Brunch this Saturday. Please help spread the word and if you’re in the area, I’d love to see you there!
On Monday, I posed the question, College or Retirement Savings: Which Should Be Your Priority? From a logical standpoint, retirement is the easy and correct answer. Emotionally, it’s much tougher. Of course, there is no reason why you cannot do both. You just need to plan appropriately. Natalie, aka The Finance Girl, put together a great Step-by-Step Guide to Help Finance Your Child’s College Education for you on Wednesday. College is definitely an investment, and there are multiple options available to help cover those costs. It’s important that you sit-down with your children and work together to figure out how to best pay for college. On Monday, I’ll be sharing some tips to help you work through that process.
These are my favorite posts from the past week. Enjoy!
Cat from Budget Blonde—and new Mom to twins—had a great staff post on the 4 Lessons I’m Teaching My Kids about Money at Young Adult Money. You know me, I love seeing and hearing about the lessons parents are teaching their kids. Cat’s got some great lessons planned for her babies.
Liz over at Budgeting for More reminded us of the importance of Taking Chances. I love this line, “What if we never try?” and that’s the question on her mind as she debates her future. In the same vein, Mackenzie from The Random Path realized Doing Nothing Equals Expensive. While a different situation than Liz, I was struck by the quote, “When you choose not to act, you have still made a choice. And most of the time, the choice is a bad one.” These are great posts for those of you struggling to make changes or facing some big decisions.
Grayson at Debt Round-Up was pulling no punches in his post, Personal Responsibility is Dead. We all make mistakes and shouldn’t beat ourselves up forever over them, but we do need to take responsibility for our actions. And sometimes, some people cannot. It’s unfortunate because change only happens after you own your actions.
Vanessa, one-half of the Cash Cow Couple, shared Why They Love Their Minimal Lifestyle. She shares a great story that will make you pause and make sure you’re not missing the good life you already have because you’re chasing after another life.
And finally, this post is a few weeks old but my blog, my rules. 🙂 Holly from Club Thrifty shared All We Have is Time. It is one of our most precious commodities, and Holly has a unique experience with how truly precious it is from her years working at a funeral home. We spend countless hours chasing after money, but in the end, how and with whom we spend our time matters more.
That’s a wrap for this week. Again, shameless self-promotion, I appreciate you spreading the word about the Empowering Mothers Benefits Brunch, and I hope to see some of you there! Have a great weekend, everyone!
Photo courtesy of www.FreeDigitalPhotos.net.
The Heavy Purse Store is now open! My new downloadable Money Club Workbooks are now on sale. Each workbook provides five targeted lessons to help you raise Financially Confident Kids. Please check them out in The Heavy Purse Store.
SHANNON RYAN, CFP®
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