Create a Cash Club to Improve Your Financial Life

If your financial situation is not in order, you are probably intimidated by this and do not know where to start. It is much easier to accomplish this task with a group of supportive peers. If you have friends who are also interested in improving their financial situation, you can offer to open a money club to increase your financial literacy.

This offer came through LearnVest. They explain:

In fact, although they are now gaining popularity again, cash clubs have been around for a long time. Many groups of women in US cities meet informally, but Candice Bar, founder of the Women’s Institute of Financial Education (WIFE), formalized the concept of a money club, creating a trademarked version of the organization back in 2004.

“Peer pressure encourages people to get involved in their financial lives,” says Bar. “It’s a strong element that makes money groups work really, really well.”

Accountability is essential to achieving challenging goals, and monetary goals are arguably some of the most difficult to achieve. It’s easy to make mistakes and forget about them altogether. However, the more you learn about money, the easier it is to improve your habits and behavior, so not only will the group hold you accountable, you can also discuss and learn about finance together.

For more details please follow the link below.

Where Wine and Money Mix: A New Club Everyone Joins | LearnVest via Rockstar Finance


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