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Living Well Wednesdays - Shared screen with speaker view
Angela Hinkle
42:37
Welcome everyone. We are glad you could join us today.
Pete Vergot
44:39
Good to see you all today,
Jill Breslawski
45:00
😁
Pete Vergot
47:46
Heidi, someone is older than you.... ☺️
Jill Breslawski
48:19
lol
Kendra Zamojski
50:33
I have a 10 year old and I use allowances to help her learn about money and spending. I let her make small mistakes to learn about financial decisions
Judy Corbus
51:14
That is a good approach, Kendra!
Wendy Meredith
51:28
That's awesome Kendra. Good idea.
Marie Arick
51:28
Allowing for those mistakes is quite impactful and can be one of those building blocks
Jill Breslawski
51:29
My mother used to let us pay for groceries at the store and then count the change.
Marie Arick
52:02
there is no change now...everyone uses a card to pay
Judy Corbus
52:05
Good training, Jill!
Wendy Meredith
52:21
Jill, I have done this with my kids and now grandkids.
Jill Breslawski
52:33
Fantastic Wendy!
Marie Arick
52:44
I agree Judy...a missed opportunity when you do not use cash
Wendy Meredith
52:49
True Marie...it's sad.
Kendra Zamojski
53:51
It is definitely harder as we move away from cash. Kids have a hard time understanding the connection to money
Marie Arick
54:16
yes Wendy.... we should purposely revert to cash to allow for these lessons
Angela Hinkle
54:31
So easy to just use a card...until the maxed out bill comes in.
Marie Arick
54:58
oh that's a scary thought Angela!
Judy Corbus
55:01
Yes, a debit card is far more abstract than paying with cash. You don't realize how much you're spending when you swipe a card.
Wendy Meredith
55:19
Yes...Angela...the dreaded bill 😟
Judy Corbus
56:30
A study was done in which electrodes were connected to participants' heads. When they paid for a purchase with cash, it registered as pain in the brain.
Kendra Zamojski
56:32
It's definitely important to keep track of your spending even when using a card.
Judy Corbus
56:48
Definitely, Kendra!
Angela Hinkle
57:50
Wow Judy, I would think my brain would register pleasure with cash.
Marie Arick
58:04
the Consumer Financial Protection Bureau CFPB
Marie Arick
58:15
great resource
Jill Breslawski
58:41
https://www.consumerfinance.gov/
Judy Corbus
58:54
I guess you realize how much your purchase costs when you're shelling out the cash. ;)
Marie Arick
59:19
Yes Judy and you stop spending when you are out of cash!
Judy Corbus
59:31
Very true, Marie!
Pete Vergot
01:01:16
When traveling all kinds of signs at places saying they did not have "change" and to use alternate ways to purchase like credit cards, apple pay, etc...
Kendra Zamojski
01:01:20
This is live streaming on facebook if you all want to share on your county pages
Kendra Zamojski
01:01:29
from Living Well page
Marie Arick
01:02:09
Dr Vergot I have not encountered that yet.
Pete Vergot
01:03:23
restaurants and truck stops - many had signs up, saying correct change only if using cash
Marie Arick
01:04:13
wow... I will be looking for these now
Angela Hinkle
01:04:40
I think this is more common. However I did have a few places that rounded up to the nearest dollar because they did not have change. :)
Judy Corbus
01:05:07
At my local Wal-Mart, the self-checkout registers frequently do not accept cash, as the store doesn't have enough cash for those registers plus the registers operated by cashiers. :(
Marie Arick
01:05:08
so you the consumer absorbed that cost...
Angela Hinkle
01:05:38
I miss cashiers.
Wendy Meredith
01:06:01
So do I Angela
Judy Corbus
01:06:15
Me, too, Angela.
Marie Arick
01:07:00
money management calendars--I use those in classes...makes people write down what they spend...makes it real
Kendra Zamojski
01:08:12
Please take a minute to complete our survey: https://ufl.qualtrics.com/jfe/form/SV_0GwDHBmBdCm4uGy
Wendy Meredith
01:08:50
Savings and Retirement
Wendy Meredith
01:10:05
Yes...I keep all of my receipts.
Marie Arick
01:10:33
I require receipts from my husband...
Pete Vergot
01:11:02
I get a notice when any of my cards are used,
Marie Arick
01:11:19
yes it is a great feature to prevent fraud
Angela Hinkle
01:11:31
My phone makes a loud whistle any time money (over $10) is spent on my CC.
Wendy Meredith
01:12:39
Eating out
Pete Vergot
01:13:27
cell phone, Cable, internet
Debbie R
01:13:49
Student loan debt
Pete Vergot
01:14:36
now 8 years
Pete Vergot
01:16:12
car is worth less the day you buy it than what you paid, so must also buy "Gap" insurance
Kendra Zamojski
01:19:24
https://ufl.qualtrics.com/jfe/form/SV_0GwDHBmBdCm4uGy
Marie Arick
01:19:34
https://ufl.qualtrics.com/jfe/form/SV_0GwDHBmBdCm4uGy