Solid Finances

When I was growing up, my mom used to say, “It’s just as easy to love a rich man as a poor one.”   I don’t really know whether or not that is true.   While it may be just as easy to love a rich man, in the dating years of my life it wasn’t just as easy to find one.  My husband was told growing up that you can “Marry more money in twenty minutes than you can make in a lifetime.” Apparently there wasn’t a line of wealthy women waiting to date him. Rest assured, we both married for love. 

I suppose those oft repeated quotes are well-meaning.  Parents advising their children often equate wealth with security.  As well, money is one of the top reasons for discord in a marriage.  Any time a resource is limited, it can be a source of conflict.  Rather than marrying money, it might be better if we advised young people how to equip themselves with the skills to earn and manage their own money.

I’ve read that if you want to improve your skills in any area, you have to study or practice daily.  A financial advisor coached that you should read, learn or do something about money each day. I’ve heard it said, “Where your attention goes, your energy flows.”  If you are interested in improving your skills in the area of finances, MSU Extension and Extension partners in South Dakota and Idaho have devised a way for you to learn about finances from the comfort of your computer.

The Solid Finances series, taught by webinar, starts October 7.  The series covers Managing Your Money with topics on plugging spending leaks, emergency savings, home buying and organizing records; Retirement Planning with the top ten need-to-know items, getting started late, and a retirement question and answer session;  Investor Protection and Student Loans with topics from predatory lenders, identity theft, applying for federal student aid and student loan consolidation; and Montana-specific classes including estate planning and your rights over your remains.   You can listen and interact with these sessions live or listen to recorded sessions.

The Solid Finances webinar information can be found at www.msuextension.org/solidfinances. The website contains information on how to register for the free classes.  Be sure to check out past recordings and resources from previous years of Solid Finances classes as another free resource to become educated about money. 

There could be better advice given than to marry for money.  We could start using this adage instead, “Make your own money and manage it well.”  Besides, I’ve heard that people who marry for money earn every penny!