Donell Edwards, Blogger
About Donell Edwards: Donell Edwards is President of CWR Media and is also founder and publisher of The College World Reporter (CWR) magazine and CWR World News & Information Service. He is also a professional speaker, freelance writer, and entrepreneur.
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Know Your Money
Wednesday – April 29, 2015
Financial Literacy Month 2015
Give Your Vacation A Financial Mission
By Donell Edwards
Today’s post is a message to families. In our post of March 27, 2014 we discussed the impact immediate family and relatives can have on spending. Getting control of spending is a family affair, it is not something that can be done successfully unilaterally. However, family members, especially children, must learn to master and apply effective personal money management skills, and must learn their role in contributing to the success of the family’s efforts to have a strong financial foundation.
I ran across a very interesting article yesterday in Forbes online, written by Jane Bianchi, entitled “A Vacation With A Money Mission: The Family Financial Retreat.” Ms. Bianchi directs readers to the post which originally appeared in LearnVest.
In citing the purpose of the article Ms. Bianchi states, “Given that just 37% of adults say they talk openly with loved ones about money, chances are you’re long overdue for a financial pow-wow of your own.”
Although you may not feel that using your vacation as a financial retreat to discuss family finances and how to manage things more effectively would be exciting, I believe you can see that it is a very good idea given that everyone in the family is usually so busy and has different schedules that may make it difficult to get together.
This is a great article for families and for anyone interested in devoting the time necessary to carefully examine their personal finances.
Here is the link to the article:
Here is today’s step to financial wellness from Thirty Steps to Financial Wellness developed by Money Management International:
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Disclaimer: I have a Bachelor of Business Administration degree but I am not a financial adviser. However, I have acquired years of knowledge about personal money management through my life experience working through my own personal finances that allows me to share that knowledge with readers of Know Your Money. The Know Your Money Blog posts written by me are my own common sense observations and opinions and are for informational use only. Although my blog includes contributions from experienced financial professionals, please make your own financial decisions based on personal research or contact a financial adviser.
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