Is it bad that I am intrigued by the idea of getting together with others and instead of having a book club (which of course would be great too) having a Money Club? Is it me, or do I feel that most others would not enjoy it? Is it because money is such a taboo topic among so many of us? I do not think a Money Club would necessarily need to be just women, but then maybe it would make women feel more empowered if it was just women. In any case, I am curious, if a monthly Money Club get-together is something folks would go to?
I got the idea from a LearnVest Daily email newsletter. I wish I had come up with the idea. I did not know the idea had been around for a long time. After doing a Google search I found quite a few websites that give details on how to start a Money Club. Regardless, I think it is something I might try to start. We all need to be more liberated about money issues, debt, talking to our spouses about our checking accounts, spending needs, etc. The above link shares steps for starting your own money club.
It is possible your Money Club might start out and be a bit uncomfortable. I think it is because of how little we talk with others about money, but it is so needed. I know plenty of individuals that are freaked out to even look at their checkbook so they just resist doing so and as a result do not know how much money they have to their name, or if their bank is hemorrhaging their accounts with unwanted and unnecessary fees. Others may not know what their joint income is and whether or not they have an emergency fund (maybe their spouse takes care of all of it and they never talk about it). A Money Club could help shed light on their current financial state, and if they are on track for retirement, are they financially prepared for the loss of spouse, or the loss of income. Or maybe it is about sharing resources, ideas, and encouragement for individuals wherever they are in their financial experience.
Financial conversations may not be something that you care about, and it may bore you to death, but it is as necessary as attending to many of our basic needs. Maybe I should start a virtual Money Club via phone or online if there are not enough interested individuals in my local area. So if an ETF or a living will leave you with a blank look on your face, maybe a Money Club is a great way to learn more, have fun, and get to know others while helping you to feel at peace about your financial future.
I am off to ponder this idea further.