Mommy Money Matters
by Jacqueline Friedhof

Hi fellow moms,

Some of you may have read last month's article on ways for new moms to save a dime. After sharing my personal financial history and tips with you, I thought I should probably formally introduce myself.

While I'm not married, I have been in a long-term relationship that is coming up on its tenth year and we have a 3-year-old son together.

In my immediate family, I've always been considered the "educated" one. I started working at age 15 and haven't stopped since. I worked my way through college at night (only took a mere seven years!) and was the first one in the family to earn a Bachelor's degree. I've managed to maintain a successful career in marketing and even earned my MBA a few years ago.

Education and money are certainly not a given in my family. I was raised by a single mother and money was always tight growing up. We moved about twice a year and my dad passed away when I was in the eighth grade. I have two "baby" sisters that are 11 and 14 years younger than I am, so I tend to be the go-to person for a lot of personal issues, but mainly financial matters.

Up until now I've been able to feign my financial knowledge pretty darn well. My sisters have learned from experience that I balance my checkbook about twice a week and I never throw away a receipt. I know enough to keep myself from going under financially. But here's the thing: I know nothing about how to get ahead financially. And the worst part is that I know exactly what I don't know. For instance, I know that I should invest. (I went to business school for crying out loud!). I know that I need a college fund for my child. I know I should get life insurance. I know that I have a 401K, but I have no idea what it really means.

Basically, ladies, my financial front has worn thin. I have finally admitted to myself that I don't know the first thing about how to manage my finances for the long term. I can balance today's checkbook forever, but that's not helping me plan for my family's future.

When I learned about SLC Insurance Services, especially after knowing the character of Shannah and Stanley, I was so excited. I know that I can ask them anything and I trust them with my family's financial future. While it's difficult to admit that I don't personally have control of my finances, it is also very freeing to know that I have a wonderful resource in SLC Insurance Services. Shannah and Stanley have my family's best interest at heart. Do they know about yours?

If you have any questions about insurance, financial planning, or retirement, contact SLC Insurance Services. You have nothing to lose and everything to gain.

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