It’s lucky for Bea Boomer that Mr. B. is a financially savvy guy who always plans for the “worst case scenario.” Not that the worst case has ever happened, mind you; but it’s good to know that we’re prepared, in case it ever did.
The perks of his planning? No credit card debt, no mortgage, and the ability to help our daughter pay for college expenses, just to mention a few.
For example, if it wasn’t for Mr. Boomer, Bea would still have those high interest retail credit cards. Now, she simply pays cash for clothing and most retail goods, unless buying high ticket items. She’s gotten very good at saying “NO” to those insistent ladies at the register, who keep saying, “Are you sure you don’t want to open a credit card? You can get 10% off your purchase today – it’ll only take five minutes!”
Bea has never paid much attention to financial matters. Let me put it this way – she would not be able to look Suze Orman in the eye. There’s no excuse, really. She has Suze’s book, Women and Money,and she signed up at Ms. Orman’s website, to start her own “personalized financial Action Plan.” She’s just never gotten around to actually reading and taking action to acquire some financial wisdom. But there’s still time, Bea!
April is Financial Literacy Month (of course, there’s no reason not to just start working on your financial smarts at any time of the year) and Bea is pledging to take the 30 Step Plan to Financial Wellness.
How about you, my readers of the feminine persuasion? Have you taken control of your financial wellness? If not, why not start today?
Interested in organizing your financial paperwork? Check out Suze Orman’s article from O magazine.