4 Things I Learned on the Tips and Tools for Financial Success for Families Seminar by Karen Pacia
Making
financial choices is one of the hardest things to do but when it concerns your
family, skills is the not the only thing you need to make sure that your family
is secured and ready even in the future. You need tips and financial tools and
learned about it.
Last
February 23, 2019, I was lucky enough to attend the seminar of Ms. Karen Pacia,
one of the founders and Digital Marketing Director of WE ENGAGE where she talked about the tools
for financial success for families. Karen is also a blogger and a Momfluencer
whose expertise on Digital Marketing, Money Management and Montessori Parenting
is known in the circles.
The seminar is an eye-opener
for me as Karen shared some story in her family life, how they
are ready and financial-proof, what tools you need to achieve your goals.
Here
are the four most important things I learned from Karen Pacia:
Family Budgeting is
Important.
Having a budget is telling your money where to go instead of wondering
where it went. Many times we wonder where the money went and realizing we have
spent it on non-important things. Budgeting is really important, if
you don’t have a budget, we will never know or have an idea where all of the money
is going. As you take care of your family, one must adopt this good financial
habit of having budget so that you can get control of your finances. By
tracking what you spend on and where, you can be able to cut down when you know
there’s an excess or unnecessary spending and then you can contribute to start
building up your savings or allocating it to investments, insurance plans or
things that you can help your family’s financial future.
Start taking note
of your expenses now you might be surprised where your money is actually going.
Importance of a set money management goals.
What is your goal
for your family? Of course, we want to have a safe and secure financial cushion
that we won’t need to be afraid, in case something happened in the future. What
you need to realize is that we never really know what will happen in the future
but the most important thing is you are ready.
As early as now, we
need to know about money management and why you need to manage your family
finances. So how are you going to do that? You should be realistic on your
goals and be specific on what you really want. You will need a time frame and
where do you think that money should go. Some of these goals may be your
children’s education or your family future travel plans or maybe you want to
setup a retirement plans already even while you’re still young.
Pay yourself first.
You work not only
for yourself but also for your family. You might be working hard for years now
but haven’t really seen the fruits of your labors. The technique is, paying
yourself first in all your hard work because the truth is you deserve it. Why
not allocate, little by little to your retirement account or travel plans. What
you save or invest now may be really handy in the future. You might never realize
it but even the smallest peso that you allocate every pay day will really turn into
real money as the years go on.
Openly discuss about money matters.
Talking about money
between families may be a good or a bad thing, depending on your perception and
goal. But it is really important between families to openly discuss money
matters so that you can make smart financial choices. What do you really want or
what you need is different. There are different stages and needs that will come
in your family life among others. Really talking about money matters is
healthy.
There are more
things I learned during the Tips and Tools for Financial Success for Families
by Karen Pacia. But these are the four things that made an impact for me. I
also really want to know more about the Montessori Education she talked about
and how interesting it is. Well, may be in her future seminars I will get to
know more about it.
For more
information about her Team and the seminars she’s sponsoring, please visit https://www.karenpacia.com/
0 comments