Posted by Mary Caraccioli | Filed under Lifestyle, Photos, relationships and money
This week on ‘We Owe What?’ I visited the Anderson Family in Texas to address their financial faux-pas.
In case you missed the episode on LiveWell here’s a quick recap:
Anne and David Anderson are the happy parents to two young sons, but a lack of communication and confidence in handling finances was leading them into difficulty.
Anne tried to take care of the family's finances without involving David - but bills were often left unpaid and the Andersons were constantly in the negative. David had soon lost his trust in Anne and gone as far as to ban her debit card.
With conflicting philosophies when it comes to spending and saving Anne and David needed me to step in and offer some direction and help show them how to unify their beliefs.
There was no time to waste so I dished up the rules which would change the Anderson's financial habits and see them paying off their debt fast!
Rule One: Cash and Carry. The Andersons were over-spending needlessly at the supermarket so I suggested they go to the store prepared. Making a list and deciding on a strict budget before they leave for the grocery store will allow them to cut down considerably on their excessive spending.
Rule Two: Money Milestones. By putting together a timeline of important dates and planning out their future, the Andersons began to look at the big picture and see what attainable goals they could set for their lives.
The Andersons had successfully come together and were communicating openly about their finances and working toward a better future. So I headed off to find another family in need of The Money Confidante.
To see the full episode of this week’s ‘We Owe What?’ head over to http://livewellnetwork.com/We-Owe-What/episodes/The-Anderson-Family/8817952
Could do with the help of The Money Confidante in your life? Why not apply to be part of the show? You can do so at: http://livewellnetwork.com/We-Owe-What/feature/Apply-to-be-on-We-Owe-What/8505156
Tags: family, Photos, tv, we owe what
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