Get a Money Team!

Who's on your money team? Instantly, many of you thought I was going to talk about your accountant or financial coach. Ah, fooled you - while we are definitely important and you need us, our offices are closed after 5p.m. and on some weekends.

Who is it that you can call at a moments notice for advice on a financial idea, purchase or simply for suggestions based on their experiences with money? Below are 3 suggestions, think of the people in your life who may fit the bill and get them on board.

Who Should Be on Your Money Team?

1. Savvy Soldier: An older person who is smart in their finances and knows the pitfalls because they have made a few mistakes and recovered from them. You can go to them with your financial plans and more than likely they've been there, done that and can give you some (sound, useful, practical) advice. They are also often the listening ear you will need when you are frustrated with your finances.

2. Frugal Fran(k) - (I actually have a friend who is frugal and her name is Fran.. but I'll carry on) This person won't always tell you no - but will hold you accountable. He or she will pull you out of the clouds when you are about to make a silly mistake with your money. They will also be the voice in the back of your head when it comes to budgeting, balancing and buying.

3. Live it Up Liz - This person will remind you to live some - but do it responsibly. He or she will encourage you to stop putting off your dreams and make room for them now.Yes, go on vacation, start a business, switch careers, but not at the detriment of your finances - because you have a plan.

Disclaimer: remember these people are responsible with their own money, not chasing any get rich quick schemes and should have your best interest at heart!

Here's to mastering your money in 2011!!

-Dorethia
connercoaching.com