Family Finances

CEO's manage fear with intelligent thinking, sound advice and business instinct. On the other hand, many moms live in worry simply because of family finances. Or worse, they are completely oblivious and think it's not their job. On the list of top concerns is the fear of being left alone, increasing amounts of debt and future concerns of paying for college and retirement.

Funding is critical in the business world. A company can only survive so long on a negative cash flow and borrowed money. Families with finances in disorder risk a similar fate. This is not your destiny. Neither is living in fear. ceoMoms take charge of their money and make it profit.

This is not hard to do if you have correct information and you play by the rules. You owe it to yourself and to your family to understand finances if you don't already. If you feel the stress of money, it's time to release the anxiety. So go get some sleep. This isn't going to keep you up at night anymore.

Some will tell you this isn't your job. You're not the CFO. Hog wash. All moms need to understand money and be capable of making executive decisions. You need to know where your money is going and the ins and outs of your investments. Ask questions; know who your financial institutions are and how to contact them. Be critical, be wise, use your motherly intuition. And if the CFO position isn't filled, step up and take charge. Your whole family will benefit from such leadership.

That is the bigger meaning, after all. Your kids are watching you. They are learning about money by how you manage yours. If you don't teach them about finances when they are in your realm, who knows what financial perils lay ahead of them. Is that a risk worth taking? Teaching your children about money is one investment you won't want to pass up.

So take charge, get informed and wake up. It's a bright new day. Go Mom!

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