Create Your Personal SisterNet Financial Health Plan
Assata Zerai
(azerai@uiuc.edu)
-- This is a private unit. (ready to use)
Coauthors
ASK
Subject Areas
Unit Keywords
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SisterNet, Financial Health |
Open Directory Category
Rationale of the Unit
Are you out of shape - financially?
Our primary focus in this SisterNet workshop is to create a financial health plan for our own continuous use.
Another aim is to learn a little bit about resources in our community and on the web that can help us achieve our personal financial health goals. |
Background and Resources
WEB SITES -- Starting Points for Exploration and Interaction.
Gettin Our Money Straight!
http://www.americasaves.org/back_page/bet/index.html
Black America Saves
Found on americasaves.org
Let's make a pledge to empower ourselves financially!
http://www.youngmoney.com/
Just because you're young doesn't mean you can't plan for the future
This website offers financial advice for young women of all ages
http://money.cnn.com/pf/101/
A 24 Step Plan
Found on money.cnn.com
Easy steps to follow to change your life.
http://www.ace.uiuc.edu/cfe/credit/loans.html
Payday Loans
Found on the U of I Cooperative Extension website
What are Payday Loans? Will they help you or hurt you?
http://www.urbanext.uiuc.edu/thriftyliving/fs-ce.html
Quick Tips and Tricks
Found on the U of I Cooperative Extension website
These are good short pieces on ways to save and manage money.
http://www.extension.uiuc.edu/ruralroute/toughtimes.html
Articles for Tough Times
Found on the U of I Cooperative Extension website
Articles created to help families during times of financial stress.
http://www.financiallyfocused.com/articles/index.html
Mary Grate-Pyos
Found on financiallyfocused.com
Providing positive action steps for economic empowerment
A Black financial advisor offers positive action steps for economic
empowerment.
Spiritual Life of Money
http://www.womensperspective.org/essays.asp
Found on womensperspective.org
What is the connection between money and spirituality?
Many women view money from a heart-centered place and are willing to
use a spiritual lens in money matters.
Bartering, Trading, and Sharing
Co Op America, Barter Today--In the Begining, There was no Money
http://www.coopamerica.org/individual/marketplace/IMMMbart.htm
Co Op America, Swapping Services: Neighbors Meeting Needs
http://www.coopamerica.org/individual/marketplace/IMMMswap.htm
RESOURCES AND SUPPLEMENT MATERIALS
Readings
Nemeth, Maria. The Energy of Money: A Spritual Guide to Financial and Personal Fulfillment , New York : Ballantine, 2000.
Broussard, Cheryl. The Black Woman's Guide to Financial Independence: Smart Ways to Take Charge of Your Money, Build Wealth, and Achieve Financial Security , New York : Penguin, 1996.
Bridgeforth, Glinda. Girl, Get Your Money Straight!: A Sister's Guide to Healing Your Bank Account and Funding Your Dreams in 7 Simple Steps New York: Broadway Books, 2002 |
Activities and Open-ended problems
Are you ready to create your own personal financial health plan?
Here we go...
Let's start by writing down three things you will do or would like to accomplish in the next three months to improve your financial health.
Original goals:
October 16, 2003
1. Collect my receipts for a month. Categorize them and then write a realistic plan. (May consult with accountant to help me).
2. Put $4000 in a short term c.d.
3. Pay off as much credit card debt as I can using $3-4k from NDRI
4. Get a copy of my contract to ensure I was paid properly for my summer employment.
5. Read Vineyard class books and Orman book I purchased.
6. Make an informed decision about the house.
Updating goals:
November 15, 2003
1. Assess my receipts from the past month. Categorize them and update my MYM spreadsheets accordingly.
2. Complete all MYM spreadsheets and begin to follow my new plan.
3. Increase MM acct from $3000 to $4000.
4. Make plan for paying off highest interest remaining debt asap.
5. Follow up on getting a copy of my summer contract.
5. Get details on summer salary for teaching summer school course.
6. Finish last 2 goals from last month, as time permits. |
Dialogues, Discussions, and Presentations
It's important to be aware of obstacles that stand in our way. Identifying barriers is the first step in overcoming them!
A number of barriers can get in the way of achieving our financial goals.
These include:
__ Lack of confidence
__ Understanding of credit and debt
_x_ Stress related to our family lives
__ Stress related to our work lives
_x_ Lack of time
__ Racism and Sexism
Put an "x" in front of the ones you think affect you personally.
Are there any others that affect you?
Socialization (including gender socialization)
Lack of a sesne of urgency in the past
Procrastination
How might you address these barriers?
Awareness of them.
CREATE TIME. Prioritize making my plan.
Rely on ways other than spending money to relieve stress.
Prioritize relieving stress, keeping it all in balance.
Teach/socialize Coltrane and Irie and thereby resocialize myself to be a good steward/financially responsible.
Make a weekly plan that includes setting aside time to deal with finances, both long term and short term. |
Assessment, Related Questions, and Story of the Unit
Assessment and Related Questions
Take some time to reflect on your financial health and on what you've accomplished in this SisterNet workshop.
- Has this workshop assisted you in being more committed to your
financial health?
Yes.
- What will you do within the next 48 hours to act on your plan?
Start to collect my receipts.
- Who will you enlist to be your support team to help you keep your plan going? Think about your new workshop friends, family, and other friends.
I will ask my Dad, Mahdi, and Linda.
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Credits & Acknowledgements
| Thanks to Imani, Gerri, Phyllis, Paul, Ann and Maryam for their help preparing for this financial health workshop! |
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