WHAT
WHAT ARE
WHAT ARE YOU SPENDING MORE TIME AT HOME? HOW'S THE ONLINE SHOPPING GOING? BE HONEST.
MAYBE YOU'RE GIVING YOUR WALLET
A WORKOUT. WELL, NOW IS A GREAT
TIME TO GET FINANCIALLY FIT. SO
YOU MAY BE ASKING YOURSELF WELL
HOW DO I DO THAT? WHERE DO I
START? JOINING US THIS MORNING
IS SDC IS SARA. BILL, YOU
WELCOME SARA. THANK YOU FOR
JOINING US. GOOD MORNING. GOOD
MORNING. SO SARA, THERE'S A
LOCAL RESOURCE THAT OUR VIEWERS
CAN TAP INTO. TELL US ABOUT THE
WEBINARS PEOPLE CAN ATTEND TO
GAIN MORE KNOWLEDGE. AS WE KNOW
KNOWLEDGE IS POWER. THAT'S
RIGHT. AND JUST LIKE EVERY YEAR
YOU SEE YOU IN PARTNERSHIP WITH
THE SAN DIEGO COUNTY LIBRARY
SYSTEM HAS LAUNCHED FINANCIAL
BONUS WEDNESDAYS. THEY ARE
WEBINARS THAT WE'RE HOLDING
EVERYONE. RIGHT NOW THERE'S
THREE WE HAVE ONE AT 9:00 AT
NOON AND 3 P.M. ON TOPICS AIMED
AT IMPROVING OVERALL FINANCIAL
HELP. OK, SO OUR VIEWERS
WATCHING THIS AT HOME TODAY IS
TUESDAY. THEY CAN ATTEND
WEDNESDAY. IS THERE A COST FOR
THESE WEBINARS? THERE IS NO
COST TO ATTEND THE WEBINARS.
THEY ARE OPEN TO THE ENTIRE
COMMUNITY AND ALL OF THE TOPICS
AND TIMES CAN BE FOUND IN ESTES
YUKON BACKSLASH AT WDW. OK.
WHAT DIFFERENT TOPICS WILL BE
COVERED DURING THE WEBINARS?
THERE'S A NUMBER OF TOPICS FROM
BASIC BUDGETING TO 10 STEPS TO
FINANCIAL SUCCESS PLANNING FOR
RETIREMENT, HOW TO FUND COLLEGE
SO COLLEGE FINANCING ONE TO ONE
AND THEN AT 3:00 P.M. DURING
THE MONTH OF JANUARY WE ARE
OFFERING THE CCC BISCUITS KIDS
PROGRAM WHICH HAS FOUR STUDENTS
TO TEACH ABOUT MONEY AND
BUSINESS. WHERE DO YOU THINK
MOST PEOPLE STRUGGLE WHEN IT
COMES TO FINANCES? I THINK THE
NUMBER ONE MOST IMPORTANT THING
THAT YOU CAN DO TO REACH YOUR
FINANCIAL GOALS IS BUDGET AND
REALLY CREATE THAT ROADMAP. I
HEARD AN ANALOGY THE OTHER DAY
THAT I THOUGHT WAS WAS REALLY,
REALLY GOOD TO PAINT THIS
PICTURE IS IF YOU WERE ASKED TO
DRIVE FROM SAN DIEGO TO NEW
YORK AND YOU DIDN'T HAVE GPI,
YOU DIDN'T HAVE A MAP. WOULD
YOU BE ABLE TO GET THERE?
PROBABLY NOT. AND SO THE SAME
AS WITH YOUR FINANCES IN ORDER
TO REACH YOUR FINANCIAL GOALS
YOU REALLY NEED THAT ROADMAP
AND THAT'S A BUDGET. AND THAT
STARTS WITH WOULD YOU SAY
SITTING DOWN AND REALLY
PLANNING IT OUT AND WOULD YOU
SAY THAT THIS WEBINAR THESE
WEBINARS HELP YOU GET THERE?
YES. SO I THINK WHEN IT COMES
TO BUDGETING, ASSESSING YOUR
INCOME, THE AMOUNT OF MONEY
YOU'RE BRINGING IN EVERY MONTH
AND YOUR EXPENSES AND THINGS
LIKE FOOD, YOUR HOUSING,
UTILITIES AND THEN YOUR
ENTERTAINMENT EXPENSE AND
REALLY ASSESSING YOUR ACCOUNT
AND SEEING WHERE YOU'RE
SPENDING YOUR MONEY AND WHERE
YOU CAN MAKE CHANGES TO ACHIEVE
YOUR FINANCIAL GOALS. I HEAR
THIS A LOT FROM PEOPLE WHO SAY
MAYBE YOU CAN TELL ME IF YOU
HEAR THIS AS WELL. A LOT OF
PEOPLE SAY WELL YOU KNOW, IT'S
I JUST NEED TO MAKE MORE AND
THAT THAT IS NOT THE CASE. ONE
OF THE THINGS THAT WE ALWAYS
SAY AT THE BEGINNING OF OUR
WEBINARS THAT FINANCIAL SUCCESS
IS NOT NECESSARILY DEPENDENT ON
THE AMOUNT OF MONEY YOU MAKE.
WE HAVE MET PEOPLE WHO MAKE
UPWARDS OF 300000 DOLLARS A
YEAR WHO ARE NOT FINANCIALLY
SUCCESSFUL. THEY'RE UP TO THEIR
EARS IN DEBT AND THEY'RE NOT
MAKING SMART FINANCIAL CHOICES.
AND SIMILARLY ON OPPOSITE SIDE
WE HAVE MET INDIVIDUALS WHO
HAVE A MODEST INCOME YET THEY
HAVE RENTAL PROPERTIES AND AND
THEY DO HAVE FINANCIAL WEALTH
AND IT REALLY COMES DOWN TO
THOSE CHOICES THAT YOU'RE
MAKING ON HOW YOU SPEND YOUR
MONEY AND NOT NECESSARILY ON
THE AMOUNT OF MONEY YOU MAKE.
THAT'S THAT'S A GOOD POINT YOU
BRING UP QUICKLY ANY ADVICE YOU
CAN OFFER FAMILIES TRYING TO
SAVE. WHERE CAN MOST PEOPLE CUT
THE COSTS IF YOU HAD TO SAY
LIKE A FEW DIFFERENT AREAS? I
WOULD JUST SAY ON SORT OF YOUR
YOU'RE SPENDING YOUR IMPULSE
SPENDING YOU KNOW WHEN YOU'RE
OUT THERE SHOPPING AND NOT
GRABBING AT THOSE THOSE ITEMS
THAT THEY'RE PUTTING AT THE
FRONT OF THE STORE ON DISPLAY
THAT ARE THERE TO ENTICE YOU
REALLY JUST I THINK EVERYONE IS
DIFFERENT. EVERYONE'S SITUATION
IS UNIQUE AND SO IT REALLY
COMES DOWN TO ASSESSING YOUR
BANK ACCOUNT OVER THE LAST
COUPLE OF MONTHS AND SEEING
WHERE YOU'RE SPENDING
UNNECESSARY MONEY AND WHERE YOU
CAN CUT AND REALLY START
PUTTING MONEY AWAY TO REACH
THOSE GOALS. YES. SARA, THANK
YOU FOR JOINING US. SOME GREAT
ADVICE HERE. SO FOR OUR VIEWERS
AT HOME WHO WANT TO SAVE MORE
MONEY SD CCU IS OFFERING
WEBINARS THEY'RE CALLED
FINANCIAL WELLNESS WEDNESDAYS.
SO GET READY. THERE'S ONE
TOMORROW WE'LL POST ALL THIS
INFORMATION