How to Start A Money Club

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There are several ways to learn to save and make money now than ever. By popularity, many women have begun their own money clubs as a support system to encourage and help women reach their money goals. These money clubs can be highly effective as they give women a support group to exchange valuable financiall information with each other. Here is how to start your own money club.

Set up times and dates to meet at least 1 to 2 times a month to discuss openly and honesty about your money goals with a positive support group. Pick and choose people who have an interest in goal setting and excelling financially in their lives and decide on a specific money theme for that particular meeting. Assign group members to research and present money making information and different business opportunities so that you all can brainstorm innovative ways to generate more income. Having a positve support group who can bring sound knowledge to you can be a highly effective tool to help you accomplish your goals.

Share money making success stories, no matter how small they are. During many money clubs, members found it empowering and more likely to feel that they can achieve a money goal if they hear that is is accomplishable by someone they know. For instance, instead of focusing on your personal debt, share how you opened up your first Cash Deposit (CD) in an effort to invest and save money for your future plans.

Share tips with one another on money saving strategies on how to live frugal. Members should be encouraged to share their wealth of knowelege on vacations package deals, coupons, and other money saving strategies that have allowed them to cut back on excessive spending.

Find the right resources to turn your money club into a valuable one that will last. Get started by learning from successful money clubs and get more ideas by going to Money Clubs, Meets For Money, and Wise Up Woman. These internet resources not only give up-to-date advice on financial planning and money saving techniques, but they can offer your group free financial teleconfrences specifically tailored to women's issues.

Segway or branch off with another money club by finding one in your area if you see fit. Learn to Coupon and Pinching Your Pennies are great resources that can help you find money support groups in your area.

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