"Your Money, Your Future" with Financial Educator, Carmen Johnson

Welcome to Your Money, Your Future. I am Carmen Johnson, your Financial Educator and the Founder and CEO of the Katie Able Foundation. Today on Your Money, Your Future... Bring back the family.

This week’s financial tip is about the importance of family. Let's go back in our minds to when we were kids. Think back we ate as a family, we gathered around the TV to watch our favorite shows as a family, we even had household meetings as a family. Somehow we've gotten away from all of that. Your challenge this week is to take your family back to that time.

Let’s start with family financial meetings twice a month where you sit down and go over all the bills and create a household budget. Involve your children. Let them place the bills in alphabetical order and then write them in a spreadsheet.

Explain to them what type of bills they are one by one and how to read them and what bills your family may be able to cut back on. Ask them what they can do to make your family financially stronger. Ask your kids what they are will to cut back on in this hard times. Don't be surprised if they already know how to do some of these things.

Keep it fun by assigning roles. Make one of your children the light captain - in charge of making sure that the lights are turned off in unoccupied rooms. Another child can be the coupon captain- in charge of clipping coupons in the paper and searching for them online, finding the best grocery store deals.

Together, the children can monitor the household budget and make sure that we as a family stay on track. Bring back the kids, bring back the parents, bring back together our families.

Until next week this is Your money, Your future, I am Carmen Johnson, your Financial Educator and the Founder and CEO of the Katie Able Foundation.

Please check us out at Katieablefoundation.org and remember,

Do something to justify your Existence, TOGETHER we can create the future!


Ms. Carmen Johnson

Katie Able Foundation
Founder/CEO
www.katieablefoundation.org
301-352-5855 work

Do something to justify your Existence, TOGETHER we can create the future!

"Your Money,Your Future" with Financial Educator Carmen Johnson

The After the Holiday Blues

The tree has come down, the lights outside are dim and all of your relatives have gone home. However you hear a constant whining, a whimpering if you will but you can’t identify the source.

You scramble and run all around the house frantically as the soft cry turns into a loud wail. Finally! You stop and realize that the noise is coming from your wallet. That’s right, YOUR wallet. It’s been abused and misused this past holiday season.

You’ve taken it through some un-expected changes; over-spending on holiday items, using your credit card way too much and now your wallet has nothing left to give. What do you do? How can you mend your broken relationship?

Start by giving your wallet a break… Let you wallet fall in love with having money inside of it at least for a little while…

The extra money that you spent, pay it back to yourself. Subtract the amount of what you actually spent from your original budget. Whatever the difference is, that’s the amount that you should save.

Make A Vow to Your Wallet… that this will never happen again. That you won’t leave it empty or forget the loud cry it makes when it’s neglected.

Carmen Johnson is the Founder and CEO of the Katie Able Foundation.
To find out more about Carmen Johnson visit http://www.katieablefoundation.org/