From the monthly archives:

March 2009

Money Books for Mothers Who Hate Finances

by Yvonne Bynoe on March 27, 2009

Many working mothers fail to develop a strong financial vision for themselves and their families not because they are naive or irresponsible. They don’t take an active role usually out of fear—fear that they don’t know enough to manage their families’ money.

This economy has showed us that even high-wage earning husbands can and do lose their jobs. This means that Working Moms and SAHMs have to seriously think about how they and their families would fair if either they or their husbands lose their jobs.

Here are three great financial books that will help women who have avoided dealing with their families finances.

Women and Money: Owning the Power to Control Your Destiny Suze Orman

Make Money, Not Excuses: Wake Up, Take Charge & Overcome Financial Fears Forever
Jean Chatzey

7 Money Mantra for a Richer Life: How to Live Well with the Money You HaveMichelle Singletary

Creating a Strong Financial Vision is one of the principles of the Working Moms Balancing System (TM) Learn more about it at Working Moms Mentor

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The Economy is Forcing More Moms Back to Work

by Yvonne Bynoe on March 26, 2009

According to a recent article in Time magazine men make up 82% of the recession’s job losses, which means a lot more mothers are looking for work as a way to replace the husband’s lost paycheck. The Time magazine article discusses the shifting reality for many women married to White collar professionals. These mothers who had “opted out” of Corporate America to care for their children are now despite to find jobs, now that their husbands are unemployed.

Using my Working Moms Balancing System(TM) I coach mothers about how to develop a strong financial vision for the families in the event that their husbands gets sick, dies, loses his job, or wants a divorce. Regardless of your husband’s income, advance planning means that you and their family will be able to continue to maintain your desired lifestyle, even in the face of an economic downturn.

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