MSP Finance SIG - Women's Connection

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FINANCE SIG

General Information

The purpose of this group is to increase our personal financial literacy. The knowledge of members about financial topics varies from beginner to more experienced. Our topics will be selected based on what individual members are interested in. We meet on the third Tuesday of the month at 6:30 PM via Zoom. New members are welcome. Come and give it a try. If you are interested in participating or want to be on our contact list, 1) add yourself to the contact group or 2) Contact Cyndy Nelson using the Member Directory. If you are not a member, please contact us.

Event Information

13 women got together on March 18 to talk about setting their estates up for their personal representative to be successful. We also engaged in a discussion about possessions.

We shared where we are at related to our planning. Many of us have created documents, but have become aware that we still have a lot of work left to do.

Tools being used to organize:
"I'm Dead, now what" - book
In Case You Get Hit By a Bus - book
NOK box (https://www.thenokbox.com/) - system

OPTIONS TO REMOVE STUFF FROM YOUR HOME:
Donategoodstuff.org - identifies places to donate various items
Ramsey County Recycles - https://www.ramseycounty.us/residents/recycling-waste
Cables - Freegeektwincities.org
Donate to local schools
Consignment stores (often won't take very old fashions)
Ridwell - https://www.ridwell.com/ - membership recycling program
Buy Nothing - https://buynothingproject.org/ - community based groups to find others who want your stuff
Freecycle - https://www.freecycle.org/ - find others who want your stuff
Art Scraps - https://artstart.org/artscraps-reuse-store/ - donate or purchase art supplies
Rage rooms - get rid of glassware for people to smash! https://www.wreckitrageroom.com/donations

TECHNIQUES TO REDUCE STUFF:
Get rid of half - reduce four boxes of stuff to 2; next time through reduce 2 to 1
Save 1 piece and use it
Take a picture and then remove the object from your home
Don't organize if you should be removing
Create emergency kit - What does it need to contain? Where to keep it?

On Tuesday, April 15, at 6:30-8:00 PM via zoom, we will be talking about money to live on and withdrawal strategies including RMD.

On May 20, Pam Egan is going to join us to talk about Scams/Fraud/Identify theft. We also talked about a summer get together IN PERSON with a light topic of how to save money when buying stuff/how not to buy stuff.

Lisa N asked us about the topic of Housing as there is much interest in that across members of our chapter. Would the Finance SIG be willing to host and present info to our chapter? Let Cyndy know if you would be interested in assisting with such a presentation.

All are welcome to join us on zoom. Join the group or contact Cyndy using the info above.