Pod Cast Listings
July 14thSteve Moffitt of Osawatomie, Kansas a independent contractor and graduate of Neosho County Community College presented budgeting skills training at the SKIL Resource Center.
The basic focus dealt with teaching people how to live on a fixed income. People learned that with the present economic state of our county it is critical to plan ahead and not “Live for the moment”.
The training included how to avoid being sucked into consumerism. People began to learn that just because an advertisement says you need it, that isn’t always true.
Steve explained, “We talked about using something called the envelope system.” This is a Dave Ramsey technique that encourages individuals to use envelopes to hold money for specific bills and only use it in that specific category.
“We talked about the realistic things you can afford to live without, that most people take for granted.” Steve explained further how people should learn to use community resources for many items that they need. For example most public libraries have computers and movies that are free rather than purchase them yourself.
This type of training impacts people lives my showing them they can take more control in their lives. Even using a payee or working with an independent living coordinator, the individuals would be able to make more and better choices by using some of this type of budgeting.
Various forms of budgeting sheets and spending habits forms were shared as tools to assist with teaching the budgeting skills.
The one piece of the budgeting training that Steve felt had the most impact was, “Definitely do not accumulate unnecessary debt. Don’t get sucked into things that are deliberate traps for consumers. Such as get rich quick schemes.” Steve cautioned folks to, “Avoid pay day loans. Once you get into a payday loan it is very hard to get out of it. If you are on a fixed income, you are never going to get out of it since you are never going to have that extra money that it takes to pay off that loan.”
Steve urged folks, “Use more wisdom. If it sounds too good to be true, it is.”