Buzz
If your finances are out of sync, it can feel overwhelming and confusing about where to begin. The task becomes much more manageable when you're part of a supportive group. If you have friends who are also eager to improve their finances, starting a money club could be a great way to enhance financial knowledge together.
This advice comes from LearnVest, who states:
Money clubs are making a comeback, but they’ve been around for a long time. Informal groups of women across U.S. cities have met for years, but Candace Bahr, founder of the Women’s Institute for Financial Education (WIFE), made the money club concept official by trademarking it in 2004.
“Peer pressure plays a role in getting people to engage with their financial life,” says Bahr. “It’s a key factor that makes money groups highly effective.”
Accountability plays a crucial role in achieving challenging goals, and financial goals are often among the most difficult to stick to. It’s easy to let them slip out of focus. However, as you gain more knowledge about money, improving your habits and behaviors becomes easier. Not only does a group help keep you accountable, but you can also discuss and learn about finance together.
For more information, refer to the link below.
Photo by Francisco Osorio.
