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Writing a Book and Household Finance Coaching

Posted by idawrites on May 4, 2008 in Business, Decisions, Finance, Frugal Tips, Jobs, Money |

I’ve decided to get off the fence and go with my passion. I love helping people improve their household finances. Over the last several years, I’ve read a million and one finance articles. I started reading Yahoo! Finance, then MSN Money, MSNBC Business, CNN Money, and a ton of books. I’ve taken online accounting courses through a local university, and even pondered going back to school to get my degree in Finance.

From the point of reading that first Yahoo! Finance article, I became obsessed with getting our family’s finances on the right track and maximizing our spending. Mostly, I focused on retirement research. After I opened my 401k with my employer and maxed out my contribution, I breathed a sigh of relief and went on about my business. My projections show that with a standard rate of return, if I work until I’m 65, we’ll have enough in the retirement account to live on $120,000 a year for the rest of our lives and still leave money for the kids.

I realize that retirement is far more complicated than that, but knowing that I have at least a loose plan, I felt free to make changes in other areas of our lives. I created a budget for our family in excel. It’s a complicated spreadsheet and covers lots of variables for 5 years. It also has a section that tracks debt reduction, and feeds right into the rest of the calculations. This spreadsheet has been shared with quite a few friends and relatives over the last year and it’s been wildly successful!

I’ve tweaked and adjusted and learned more and implemented tips and tricks from other bloggers and sources until I have our finances rolling like a well oiled machine. And everything I need to manage our household finances on a monthly basis is contained in one 3 ring binder. Not too long ago, Mark was watching me process the weekly grocery list and manage our household finance tasks and had an epiphany.

I think everyone is aware that the economy is going down the tubes. For most of the people in our lives, this means radical changes in their household finances… but they don’t know where to start. I’m going to help give people that start.

My new career path is Household Finance Coaching. I’m writing a book to go along with the organizational binder. I already have the binder in Beta form. I’m working with several test households to get real numbers in line. I’m building a new website, and am going to give this a whirl. I really am looking forward to making a difference.

 

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