Financial workshop designed to empower women and kids

Visa and MasterCards with microchips . (AP Photo/Martin Meissner)

NEW HAVEN, Conn. (WTNH)– Many moms are busy maintaining order in the family’s day-to-day activities, so when it comes to the bills, they’re handed over to dad. But experts say it’s important everyone is on the same page. To achieve goals, moms and children need to understand the monthly finances as well.

You want to retire and your kids may want to go to college one day. It’s why it’s so important to take control of your money as soon as possible.

We all know moms are busy, raising kids, planning meals and getting the little ones to practice on time, sometimes working full-time on top of it but relationship expert Dr. Patty Ann Tublin says it’s important women add the family’s finances to her to-do list.

“There’s this whole mindset that when we get married, the husband will take care of us financially. So we just let the information go,” Dr. Tublin said.

Local financial workshops are scheduled this summer to help women and their kids build an understanding of monthly finances, making goals and building a plan to achieve them.

It’s also about talking to your significant other about what’s coming in each month and how much is going out.

“They might not realize that they are spending more money than is coming in and they’re running at a deficit. Month after month, year after year. You turn around and you’ve accumulated a ton of debt at an interest rate payment that’s insane, you’ll never catch up,” she added.

It’s about empowering all members of the family to understand the value of money, come up with a plan for college savings, and retiring when you want to with the money you think you’ll need.

 

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s