MADISON (WKOW)--From a single mom to a couple of bigger families to a state worker facing a big drop in their paycheck, the 2011 Project Money teams face both common and unique financial challenges.
Sheila and Dan Robertson live on a small farm near Blanchardville. They're doing a little better than paycheck-to-paycheck, but believe they can do better than that.
"The last few weeks I'd been struggling with paying bills and was getting ornery when I paid bills and realized we didn't have a whole lot left over until the next pay period," says Dan Robertson.
That's about the time the Robertsons found out about Project Money. The chance to work with a financial expert to get them on a better track was just as much an incentive as the ten thousand dollar grand prize. Their first task: get organized.
Like the other Project Money teams, the Robertsons begin by finding out how much money they're spending and what they're spending it on. They're now working on a budget with their coach. One of their main goals is to beef up their savings.
"We want first, that buffer zone, a little room in case something goes wrong or, heaven forbid, something goes awry. So we want a cushion. But we want things like a vacation, we'd like to go back where we were married in Mexico for our tenth anniversary, so we'd like to go back to that. We'd like to have a beginning of a college fund for Max. We'd like to have a retirement fund set up for us," says Sheila.
Click the camera icon to see the complete Project Money report.
Click here to follow the teams and create a spending plan of your own.
All content © Copyright 2000 - 2014 WorldNow and WQOW. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's pubic inspection file should contact Director of Station Operations Lisa Patrow at 715-852-5920. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.