MoneyMindedMoms.com & Suze’s Orman’s "Women & Money: Owning the Power to Control Your Destiny" Book Review & Giveaway (3/30)


I don’t know if I have ever mentioned this, but I am the daughter of an economist. He has worked for national and international organizations and banks in addition to teaching as a professor over the years and is constantly traveling around the world. Although I never sat down for official lessons on economics and finances, I am discovering that he actually taught me many lessons growing up that are becoming invaluable to me as an adult. We had allowances where we learned to manage our money, and after I witnessed my parents record their finances and make budgets as a child, they gave me a book of my own to do the same when I left for college. I have memories growing up of my father telling us about “inflation” when we complained that our younger siblings got more allowance than we did at their age, or he would teach us about the law of “diminishing marginal utility”, but he would tie it into everyday life examples (i.e. too much ice cream).  

As parents we juggle kids, work and finances, but don’t always know the best choices to make or completely understand how a savings and loan differs from a regular bank or the benefits of a 501K and Roth IRA. I am sure many of us have savings or investments, because we know we will need them in the future, but may not know how to use them to our best advantage; or you may not have started retirement or other savings, because you just don’t understand how it all works. Suze Orman has many best-selling books that can answer many of these questions and her most recent title is entitled, Women & Money: Owning the Power to Control Your Destiny.

In this book she approaches money from the unique perspective of separating gender in her advice, and breaking down a lot of the questions or information we need to know to have a smart, financially sound future. I am still plowing through the chapters, but skimmed it from back to front and read some sections that really stuck our to me or applied to my current situation. I feel that we are pretty smart with out money and started retirement savings before we started our family, but I don’t always feel like I completely understand them. This is the chapter I am tackling this week and at about 300 pages, this book is one you can get through in a weekend or spread out over time. At under $10 may be a great investment to help you move in the direction you want for your financial future. 

In the meantime, visit her recently updated online community where you can read articles, participate in forums, and get some tools. They have an expense tracker you can use if you want to be a little more modern than my parents’ handwritten finance books, but they also have a tool that you can use to help teach your kids about money. Here is some more information about the online community:

MoneyMindedMoms community members have free access to valuable, easy to follow advice about topics such as erasing and managing debt, raising money minded kids and coupons and discounts. Providing moms with sound advice is Suze’s top priority and she takes the time to personally respond to questions from members and has even been known to post a video response in some cases. Plus, every month through May, one lucky member will win 1-on-1 time with Suze through the “Ask Suze” Sweepstakes. The site offers useful tools like a debt eliminator and expense tracker, a coupon savings center, as well as forums for sharing stories and insights with like-minded moms.
To help get started with taking control of finances and getting back on track this year, Suze has also created a list of the 11 things moms can do to increase their financial savvy in 2011:

  1. Stand in your truth
  2. Make finances a family affair
  3. Live below your means but within your needs
  4. Hope for the best, but plan for the worst
  5. Get rid of credit card debt
  6. Save an 8-month emergency fund
  7. Fund your 401k to the match
  8. Fund your Roth IRA to the max
  9. Start a 529 plan for your kids’ college education
  10. Be “happy you did” vs. “wishing you hadn’t”
  11. Never forget people first, then money, then things

To find out more details about how to accomplish these 11 goals, visit www.MoneyMindedMoms.com. You can also connect with Suze and the MoneyMindedMoms community on TwitterFacebook and YouTube.


Win it!
Win a copy of Suze’s book Women & Money: Owning the Power to Control Your Destiny to get your finances or financial goals in line. My husband and I just increased our Roth IRA contribution this week to put the maximum towards it per month, so I am feeling a lot more confidant that we are headed in the right direction already! 

The mandatory entry:
1. Visit MoneyMindedMoms.com and comment on an article, discussion or tool you are inspired to put to the test.

Additional entries
2. Publicly follow my blog and comment for one additional entry.
3. Follow @TheCDReport on Twitter and comment for one additional entry. You may also tweet once a day for an additional entry, but need to include @TheCDReport, #myblogspark and the URL in the tweet. Leave separate comments with the permalink each time.
4. Subscribe to TCDR emails and comment after you confirm your subscription. (Subscription form located in left sidebar).
5. Comment on a non-giveaway or current giveaway and come back here and comment which one. Limit 5 extra entries.
6. Blog about the giveaway and comment with the URL for two (2) extra entries, leaving two separate comments.
7. Add the TCDR button to your blog or website and comment with the URL where it can be found for TWO additional entries, in TWO separate comments (HTML code found in bottom left sidebar).
8. Fan/Like The Cloth Diaper Report on Facebook for one additional entry.

This giveaway is open to the U.S. and will end on March 30, 2011. The winner will be drawn via random.org and will have 48 hours to respond or another winner will the drawn. Email addresses must be visible in your Blogger profile or left in each set of comments to be eligible for the giveaway. 

Samples of the products mentioned in the review were provided for this review. No other compensation was received and the views and opinions are my own.

{If you enjoyed reading MoneyMindedMoms.com & Suze’s Orman’s "Women & Money: Owning the Power to Control Your Destiny" Book Review & Giveaway (3/30) I would be tickled pink if you left a comment. To read more about my green(er) parenting aspirations, advice and adventures be sure to subscribe to my RSS feed or get updates via email.}
Emi

Emi

By Emi Stapler. I am a cloth diaper advocate, green parenting blogger, mother of three and a military wife who enjoys sharing my motherhood adventures and advice. Follow me at The Cloth Diaper Report on Facebook, Twitter @TheCDReport , Google +, Pinterest and Instagram.
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