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Smart Cookies Make Money Issues More Manageable

It may not feel natural to be transparent about your finances, but five Vancouver women have shown that being honest with others about your financial situation can make you feel more accountable for it. The Smart Cookies money club started as a group of women conversing about personal money issues and the lessons learned from their time together have been turned into a book, The Smart Cookies’ Guide to Making More Dough.

Andrea Baxter gathered four other women together to form the money club in 2006 after she'd accumulated $18,000 in debt beyond her mortgage, and in two and a half years the five members have helped get everyone on track and keep them there. As reported by The New York Times, the Smart Cookies' meeting agenda follows the same format every time: Good news from every member, a spending check-in, individual debt reports, brainstorming about how to make more money, a discussion topic that someone has researched, and goal setting.

Does a money club sound appealing to you, or is it too much sharing for your level of comfort?

Join The Conversation
ziahoda ziahoda 8 years
hey great idea about the promo code for a trial subscription of smart cookies make more dough. ive been searching everywhere for one. Has anyone found one?
bellaressa bellaressa 8 years
This seems like a brilliant idea.
sundrops sundrops 8 years
Oooh Savvy how about you see if they will offer Savvy readers a code for a trial subscription to use their online services? I'd so sign up and check it out right away!
sundrops sundrops 8 years
We didn't start climbing out of our $43k hole until I started talking about it to everybody I knew. I got so many helpful tips and guidance that led us to seek financial mentors, counseling, and spend wiser on our already scaled back as much as possible spending on necessities. A year later we're down to $18k debt which includes our car on a $45k/year salary and a family of four. Every time we get in a financial rut or are about to make a wise or otherwise financial decision we meet with our financial mentors before we make it. They'll either encourage and tell us to keep going or pull our heads out of the sand. It's wonderful! A money club or even just another couple or person to talk to is a brilliant idea. It facilitates ideas not only from each other on wiser ways to spend money but all the people each of those people know if they are making a habit about talking money in their daily lives. *novel done now ; ) *
TidalWave TidalWave 8 years
Women can have groups about dieting and food but not feel comfortable about talking about money? I would say the latter is much more important.
skigurl skigurl 8 years
my only problem is i have a very one-track mind when it comes to certain stuff and i'd be obsessed with not spending and coming up with ideas to share and it would take over my life even when i wasn't in the club
ilanac13 ilanac13 8 years
well i'm kind of sold on the idea of a financial adviser so if there's a way to have productive conversations in a money club, then i think that i would be game to join. my fear is that it would just be a bunch of folks like me talking about how they are in a rut, but if there was someone that has a background in finance, or debt consolidation, then i'd be interested for sure!
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