Thursday, October 16, 2008

First Official Team Meeting

During our first official family meeting, the team discussed spending behaviors and current debts with the Bledsoe family. We were looking for ways to help them cut back, while at the same time, trying to make sure that saving doesn’t completely interrupt their LIFE. Collectively, we settled on trying to make a 1% reduction in their debts, and begin a 1% increase in their savings, and see where we can go from there. Their goal as a family is to work hard to meet these goals, while our job as their team is to try not to overwhelm them, and just give them our support. It’s a lot of work on both sides, but I feel that the final outcome is going to be so overwhelmingly impactful on all our lives, that it makes it more than worth the effort. At the conclusion of the meeting, we gave the Bledsoes some “homework,” and asked that they continue to be diligent in filling out their spending journal, because it’s important for them to see where their money is going, to determine if what they are buying is something they really need or just something they want. From there we can help coach them on the best places to cut back. More updates to come!

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