Women Building Wealth – Tips to Shop Smart
An Ongoing Educational Workshop for Women
Since we had such a lively discussion about smart shopping tips we decided to devote our April session to this topic.
In particular, we will discuss:
- How to get the best deals on food, clothing, electronics
- How to use on-line tools for comparison shopping
- Bring your top two to three ideas to share with the group.
Tuesday, April 10th, 2012
8:00am to 9:15am
Irmo Chamber of Commerce
1248 Lake Murray Blvd.
Irmo, SC 29063
Attendance is limited to the first 10 RSVPs.
Reserve your space today at (803) 331-3721 or email laura@ascendfinancialplanning.com.
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Notes from Women Building Wealth Meeting- How To Manage Your Cash Flow
We had an excellent session at the Irmo Chamber of Commerce and, as always, many insights were gleaned from our group discussion. Here were some of the top line lessons learned.
- We opened with an introduction with each woman sharing a story about a recent item that they wanted and whether they purchased that item or not. Many of you delayed your purchase decisions and, only after much research and careful consideration, did you make the purchase. Regardless of whether the purchase was a fun item (ornamental tree stand) or needed (new Prius) you felt better(less remorse) when you deliberated about the item and got a good deal.
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How to Make Financial Resolutions for 2012 that Will Last
It is the time of year to review our financial health and think about how we can improve our situation. As we reflect on our behavior to determine whether we were “naughty or nice,” we will likely identify a few areas that need attention. Unfortunately, almost half of American adults make one or more New Year’s resolutions annually — and then fail to achieve them. Here’s how to make New Year’s resolutions last the whole year and beyond.
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Financial Discussions for the Holidays- How to “Talk Turkey with Your Loved Ones”
The holidays bring family members together for food and fun but what about finance? Too many families avoid “talking turkey” about money. But a family that keeps the communication flowing can maximize their financial harmony.
Say you are the parent of grown adult children, and perhaps, even have grandchildren, what topics should you try to address when you see them this holiday season?
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Why Women are Better Investors than Men
I spoke with the WLTX team today about this topic. Here is a clip of the appearance.
Men May Master Mars, But Women Master Wall Street
Studies confirm that women in general are more conservative investors. On average, they tend to hold more “safe investments” like CDs, savings accounts, and bonds which enhances the diversification of their portfolios. They are more likely to enroll in their retirement plan at work and tend to save more of their income than their male counterparts. All in all, we ladies have greater self-control regarding our investments. Our disciplined approach results in more of a “buy and hold” approach which research shows can improve long range returns.
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Notes From the November Women Building Wealth Meeting-Retirement Planning the New Realities
Retirement Planning- The New Realities
We had a great group for our November meeting in which we discussed the new realities of retirement. First, each of us discussed our vision of retirement as well as a model that we had experienced through our parents and/or grandparents. Many expressed that their parents had had to retire earlier than anticipated and that it was a hardship for them. Some had parents who adapted quite well to retirement and pursued hobbies that they were passionate about while some had parents who struggled with their newfound freedom. Job dissatisfaction and health can lead to a decision to retire early that will result in financial stress. Another common concern was health care in retirement especially in the latter years when most of the costs are incurred. Several studies show that the average retired couple will need approximately $200K in today’s dollars to cover their out of pocket medical expenses throughout the remainder of their lives and that does not include long term care.
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