Sunday, October 07, 2007

Financial Workshop Week Three

On Saturday we went out to lunch as a family and then went to Chick-Fil-A and let the kids play in their indoor tunnel playscape and worked for two hours on finances creating our 'cash flow planning' system. We came home to the business center and worked on it for another two hours until the kids had enough and we called it quits. It ended up showing exactly how far in the hole we are in, how far in the hole we will be in once our house sells, and gave us an opportunity to figure out what the heck we are going to do with that negative income once the house sells.

Today we went to week three of FPU and learned about relationships with money. Rather how we handle money affects our relationships. One thing he mentioned is that money fights are the number one cause of divorce in America. I've always heard it was money, but it really is the money fights not the money 'cause boy have we been there. There was a part on teaching our kids about how to handle money as well and how to pay them for work, how they can handle money as a teen, when to open a checking account, etc. Great information!

We talked to the leader of the class afterwards and showed him our entire cash flow plan and he agreed we are down to the barebones, now it's just a matter of finding out where we are going to get the extra money to come in.



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