5 Reasons why “Houston Money Week” matters to local businesses

The “Houston Money Week is more than innovative,” and it serves community. The organizers packed the 2017 calender with exciting sessions, free financial literacy services and student opportunities. The HMW is a collaborative effort of the Houston Money Week Charity,  Houston area businesses and over 50 partners.

“In this citywide effort, more than 150 free public events were held at libraries, churches, schools and community centers throughout Greater Houston, offering consumers the opportunity to increase their financial literacy and learn to better manage their personal finances. Workshops, seminars and other activities targeted diverse audiences, including women, seniors, youths and workers without bank accounts.” – ePerspectives

Financial education and literacy –

The gaping void of financial literacy tells on community living and health. Neighbors with stable economic situations are more likely to sustain healthy relations. 

“Houston Money Week (HMW) is a community-wide financial education initiative that empowers families and individuals to be successful in making financial choices. HMW serves individuals, families, veterans and small business owners across the greater Houston area, offering free financial education events and raising awareness of community resources.” – HMW 

To achieve sustainable financial inclusion resources and training are provided to members of the greater Houston area. The training facilitators are train participants to achieve above poverty level financial capacity.

Diverse audiences –

The programs and events are all-inclusive. Irrespective of age, gender, career, educational background, you fit right in. Student communities also participate fully in this city-wide effort. The Houston Money Week Middle School and High School Student Essay Contest are huge incentives for the young community members. Other Educational partners are the Sam Houston State University and East Side University. 

Business owners and Families get to participate too. Workshops, seminars, and special events cover all facets of personal finance on such topics as establishing a budget, credit reports and credit score awareness, and understanding net worth and investing. The events are designed to suit people from various backgrounds, income level and financial intelligence.

Partnership and Collaboration –

With over 50 partners, individuals and businesses get opportunities to network with financial experts on business ventures. You can be sure to get enough support and advisory services that would set your small business on the path to growth.

Niedria D. Kenny says that “Participants will be given vital information on topics such as creating or updating business plans; human resources; marketing; access to capital and much more. They will also have opportunities to connect with other business owners, mentors, financial advisors and industry experts.” 

Tackling Poverty –

Research conducted by HMW shows that about 25.7% members of the greater Houston community lack the net worth to stay consistently above poverty level for 3 months. These are alarming figures and tackling poverty is collective responsibility. As a part of the HMW, participants with long history of debts and cash-trap get help to become stable and financially healthy again.

FREE Assessments –

Facilitators provide free tax preparation, financial advice and vocational trainings and lots more. It’s practically a whole box set of equipments at no cost to you.

Houston Money Week is one indicator that there is increasing awareness about the need for financial health services and training. You may have missed the April 2017 edition of the HMW but there are many more opportunities to participate in the coming year. You can visit the Houston Money Week website for details.

Join Designed Life “Monetize Everything” Online Course. Click here to register  

8 Tips to Save Money on Groceries

The average family’s grocery bill is usually one of the higher numbers on the family budget. There can be an enormous difference in what each family spends on their groceries, depending on many factors, such as whether they buy organic, kosher, Gluten free, more meat, etc.

shopping-list-2044706_1920

The good news is that this allows for a large amount of savings if we decide to be frugal with our shopping. Following a few simple tips will have you well on your way to saving a few bucks.

1.) Make a meal plan. You’ll know exactly what you need from the store before you go.

2.) Watch for specials and coupons in store newsletters, and plan your meals around them.

3.) Make a list and stick to it. If it’s not on the list, don’t buy it.

4.) Don’t shop when you’re hungry. That way you won’t be tempted to buy things that you don’t need.

5.) Shop alone. Count on your bill being higher when you bring your spouse or children.

6.) Only buy things you know you’ll use. For example, if your family doesn’t like broccoli, don’t buy broccoli in the hopes that they’ll eat healthier this week.

7.) Keep your eyes on the items on the bottom shelf where the prices are lower.

8.) Buy store brands when the quality is the same. Most of the time, it actually is the same product in a different package.

It’s pretty easy to be frugal once you realize how much money you’re actually saving with these simple steps. Keep a log of your grocery bills, so you can see how much of a difference you are making.

shopping-2411667_1920