Money Clubs

[jeffrey]

While not as prevalent as investment clubs, a piece at money.cnn.com shows that money clubs can be a good way to help you establish and follow through on your personal financial goals:




This new kind of financial support group helps members manage money more wisely or tackle specific goals, from saving more to paying down debt to planning an estate.

Unlike traditional investing clubs, which get together to pool assets, money clubs assemble to pool ideas. The payoff lies in becoming more informed about how to reach your goals -- and in being nudged to get off your duff to do something to get there...

The key to finding a money club that is right for you is first knowing what you are seeking in your personal finances. Finding a group that is made up of others that have similar goals will make the likelihood of a good fit much better. If you can't find one in your area, then there is always the opportunity of beginning a money club yourself.