By Candace Bahr, CEA, CDS

“An ounce of prevention is worth a pound of cure.”
—Benjamin Franklin

It’s no coincidence that the wise and practical Mr. Franklin founded America’s first fire insurance company in 1757. He believed in preparing to face life’s calamities, as best one could. That meant making financial provisions for the future, banding together with fellow citizens to buy protection — in other words, insurance. Read more »

From the MoneyClub Groups Online, Carn writes:

Haven’t had any experience with emotional spending, but I have with emotional eating. Things that worked for me were- (you can substitute the word eating with spending…)

1. Joining a group that kept me accountable for my eating (spending).
2. Wrote down what I ate and kept track (write down your expenses)
3. Deal internally with the emotion- feel it, know it, but not eat over it (deal with the emotion and act in a different way to cope rather than eat over it. ) It took a counselor to help me with it.
4. Be mindful about my emotions and know that I’d always have an urge to over eat (over spend for you). Learned to like myself and say “It’s okay to have a little but eating the entire jar of jelly beans will not help me not get laid off work, what else can I do to feel better?” You could say the same thing in a money related thing.

Good luck. Just knowing that you are an emotional spender and wanting to do something about it is the first step.
 
carn- I still feel like I could eat the entire house out when life stuff happens, but I always remind my self that stuff happens and I can choose something else to cope. Walk, garden, make a cup of coffee, call a friend, etc. My counselor calls it “acting” instead of “reacting”.

January 2007

Change Your Habits, Change Your Life

From our founders: It’s a new year, and already many people are no longer keeping the New Year’s Resolutions they made just a short time ago. Statistics show that within six weeks, the vast majority of people have scuttled their good intentions and gone back to their old ways. If your commitment is flagging, here are some energizing tips to get you back on track. Candace Bahr | Ginita WallWIFE Founders

If you like these WIFE.org articles, you’ll find some of these and many more in Candace and Ginita’s indispensable book — It’s More Than Money — It’s Your Life! The New Money Club for Women. It’s available at your bookstore, or you can Order from Amazon.com

Change Your Habits, Change Your Life Good habits lead to success, but not all habits are good. Here are seven bad habits that can derail your financial future, and what do to to get on track. http://wife.org/change-your-habits.htm

New Year’s Affirmations Here are five affirmations for the New Year to help you develop a successful money mind. http://wife.org/features-savvy-newyear-affirmations.htm

Save Money Creatively This Year Here’s a unique way columnist Sue Morey found to save money on dental bills. http://wife.org/columnists/morey/morey-openwide.htm

What I’ve Learned So Far Candace Bahr shares what she’s learned over 27 years as a financial adviser http://wife.org/what-i-have-learned.htm

Print this affirmation and read it several times a day to promote harmony in your life.
(Alter it to meet your specific needs.)

Visit the Money Club at MoneyClubs.com We’ve created a safe, supportive and structured atmosphere so you can use the power of the group to reach important life goals. Amazing things happen in Money Clubs!

Visit the WIFE bookstore and Money Club Boutique
– for specially selected books and baubles.

We’ve specially selected some items for you  that capture the Money Club and WIFE spirit.

Prosperity Purse (special limited edition of 100) This unique jewel-encrusted purse, filled with special wish dust, comes in its own pouch with an inspiring poem written for you by Candace and Ginita. Our own original idea, you won’t find this Purse anywhere else! It is yours for $50, and 100% of the proceeds go to support the non-profit WIFE.org. Our passion is to create prosperity in the lives of women. You have the power to help. Together we can make a difference, so join us in our quest to help women everywhere. Buy a purse for yourself, or give it as a gift to encourage someone special. An emblem of hope, this purse is sure to draw prosperity into your life.

Proceeds from your purchases at the WIFE Bookstore, Money Club Boutique, and donations help us maintain and update the WIFE and Money Club web sites, and keep them free for everyone.
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If you believe it, you can achieve it. Trust WIFE.org to show you how.

The year began with a bang with a morning news show feature on Money Clubs on WCCO TV in Minneapolis. Lots of signups from that. And now we’ve been featured on Forefront, Cox Cable in San Diego. Oprah, here we come!