Mom's Got Money

Mom's Got Money
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Описание книги

Mom's Got Money  is a mother’s guide—an instruction manual to help them use the skills they already possess to become extraordinarily confident managers of their money.  Alford won't pretend mothers don't have a lot on their plate. She already knows they're pressed for time. The weight of their daily decisions takes a toll. Sometimes, it feels like they manage everything, whether they have a supportive spouse or not. She knows this because it's that way in her house too. However, we all have a choice on how to handle that responsibility, and Alford thinks we can flip the script. Instead of being frustrated or feeling resentful, Alford teaches moms how to recognize their own strengths and develop true financial confidence. Once readers master Alford's money lessons, they'll start to truly enjoy money. Vacations are more fun when they're already planned and paid for. Christmas shopping is a breeze when you have a fully funded holiday spending account. Never worry about the worst that can happen because you have a fully funded emergency fund and life insurance. Feel in control of your bills, caught up, and with room to spare. In this book, you'll learn how to: Become an exceptional leader of your family with a growth mindset Calculate your net worth Effectively budget and manage your household cash flow Work with your spouse or partner on financial goals Understand what impacts your credit score Ensure you pay all your bills on time, every time Make sure you plan for emergencies Protect your family by buying term life insurance Do the math on childcare costs vs. career costs when having a family Plan and save for holiday spending, birthdays, and special events Learn the art and joy of giving Ideal for moms everywhere, but especially new and millennial moms, Mom's Got Money is an indispensable guide to taking financial control of your life.

Оглавление

Catherine Alford. Mom's Got Money

Mom's Got Money. A Millennial Mom's Guide to Managing Money Like a Boss

Table of Contents

Guide

Pages

Acknowledgments

About the Author

Introduction

CHAPTER 1 Shifting to a Boss Mindset

NOTES

CHAPTER 2 How to Determine Your Household Net Worth

Scenario #1: Penny

Penny's Net Worth. Assets

Liabilities

Scenario #2: Jazmin and Josh

Jazmin and Josh's Household Net Worth. Assets

Liabilities

Scenario #3: Dana and Jimmy

Dana and Jimmy's Household Net Worth. Assets

Liabilities

Scenario #4: Samantha and Christina

Christina's Net Worth. Assets

Liabilities

Samantha's Net Worth. Assets

Liabilities

CHAPTER 3 The Family Budget Meeting

THE FAMILY BUDGET MEETING

The Smith Family Sample Budget

NOTES

CHAPTER 4 How to Manage Your Household Cash Flow and Start Saving

The Three Cash Flow Anchors

R: RESEARCH PAST SPENDING AND BILLS

O: OMIT UNNECESSARY EXPENSES

A: ASK FOR DISCOUNTS FOR SERVICES AND INSURANCE

D: DETERMINE HOW MUCH MONEY YOU SPEND EACH MONTH

S: SELL EVERYTHING IN SIGHT

S: SIDE HUSTLE TEMPORARILY

NOTES

CHAPTER 5 How to Increase and Maintain Your Credit Score (and Why It's Important)

NOTE

CHAPTER 6 How to Negotiate, Earn Extra Money, and Start Investing

PERSONAL FREEDOM

LEAVING A LEGACY

EXTREME GENEROSITY

REDUCING YOUR BILLS

EARNING MORE

INVESTING

NOTES

CHAPTER 7 Protect Your Family With Emergency Funds and Insurance

Things to Include in an Emergency Binder

NOTE

CHAPTER 8 The Childcare versus Career Dilemma

NOTES

CHAPTER 9 Finances in Your Relationships

Here are a list of questions you can ask each other that can start these conversations:

NOTES

CHAPTER 10 The Art and Joy of Giving

Epilogue: Action Steps

Action Steps

Index

WILEY END USER LICENSE AGREEMENT

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Catherine Alford

Keep going.

.....

That made me wonder if the emotional weight of money decisions goes away once someone becomes incredibly wealthy. Joint research by Vanderbilt University and Regions Bank says perhaps not. Their 2015 Women and Wealth survey specifically targeted private wealth management clients who had estimated household income‐producing assets of over $2,000,000. As part of their survey methodology, they said the goal of the study was “to obtain deeper insights into the perceptions and attitudes of Regions affluent customers.”4

What they found was that “More women than men say they are solely responsible for making financial decisions for their households; however, women express lower levels of financial confidence and optimism than men.”

.....

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